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Carbon Finance at the World Bank
Carbon FinanceThe Plantar Project - the first Brazilian pig iron producer to rely solely on sustainable charcoal from certified fuelwood, reducing the pressure on native forests and earning carbon credits. More >>


Carbon finance facilitates the financial reward through carbon credits for the reduction of greenhouse gas emissions by emitters in developing countries. Activities of the World Bank Carbon Finance Unit (CFU) are part of the larger global effort to combat climate change, and are aligned with the World Bank and its Environment Department's mission to reduce poverty and improve living standards in the developing world.

In Focus

The 17th United Nations Climate Change Conference in Durban, South Africa brought together representatives of the world's governments, international organizations and civil society. At the conference, the World Bank's Carbon Finance Unit launched two new carbon initiatives, the Carbon Initiative for Development (Ci-Dev) and the BioCarbon Fund Tranche 3 (BioCF T3), to provide support for the development of low carbon projects in least developed countries.

 

Furthermore, the World Bank provided stakeholders with an update on the achievements of the Partnership for Market Readiness since its launch in Cancun at COP 16, December 2010.

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