Established: Board approved in July 1999 Objectives: 1) Show how project-based GHG emission reductions transactions can promote sustainable development and lower the cost of compliance with Kyoto 2) Provide parties to the UNFCCC, private sector, etc., with learning-by doing opportunities to develop policies and processes for achieving ERs under Kyoto's market mechanisms (3) Demonstrate how the Bank can partner with the public and private sectors to mobilize new resources to address global environmental problems through market-based mechanisms Key activities: Serve as intermediary for project-based (renewable energy, energy efficiency, waste management, land-use/forestry) emission transactions; support CDM/JI market development; disseminate lessons learned FY04 DGF allocation: Not applicable Governance model: Housed and managed by World Bank; Oversight conducted by WB and participants Location: World Bank, Washington, D.C. Administering agency: Word Bank, as trustee Latest program-level evaluation: None | 
The Prototype Carbon Fund is a public-private partnership whose mission is to pioneer a market for project-based greenhouse gas emission reductions within the framework of the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC).
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