World Bank Carbon Finance Unit
Official website |
http://www.climatefinanceoptions.org/cfo/node/38 |
Geographic focus |
IBRD, IDA member countries worldwide |
Who can apply? |
Eligibility:
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Objectives and activities |
Objective:The WB has been able to leverage new resources in this area through the use of carbon finance, in particular by strengthening the capacity of developing countries to benefit from carbon asset transactions and playing a catalytic role in building, sustaining and expanding the carbon market. Activities: The emission reductions are purchased through one of our carbon funds or facilities on behalf of the contributor, and within the framework of the Kyoto Protocol's Clean Development Mechanism (CDM) or Joint Implementation (JI). |
Type and level of funding |
About USD 2.5 billion under management through 10 carbon funds and facilities. The most important ones are:
Financing mechanisms: Carbon Finance, with possible upfront payment (up to 25% of transaction amount) and some possible post-2012 purchase. Carbon asset development costs can also be covered in deserving cases. Project proponents must submit a Project Idea Note (PIN), a short form that provides the basic information about the project, to demonstrate, for example, the viability of technology, sound financing, credible baseline and adequate volume of emission reductions. Furthermore, a financial analysis model is mandatory when submitting a PIN. The PIN is used as an initial screening instrument and provides the proponents with feedback. At this stage it is purely the exchange of an idea and neither party has legal obligations to proceed further. See Submit a Project Idea for templates and additional guidance. |