The objectives of the Environment Strategy are to improve quality of life, quality of growth and protect the quality of regional and global commons.
Countries ratifying the Montreal Protocol on Substances that Deplete the Ozone Layer commit to eliminate their production and consumption of ozone-depleting chemicals. Developing countries which meet criteria set by Article 5 of the Montreal Protocol benefit from a ten-year grace period. As an implementing agency of the Multilateral Fund for the Implementation of the Montreal Protocol, the World Bank helps client countries accomplish their ozone protection objectives through strategic planning, policy formulation, and technical support in project identification, preparation and implementation.
With nearly two decades of experience, the World Bank's Montreal Protocol program is well-established. Over 550 investment projects have been completed in more than twenty countries, and approximately 305,000 ODP tonnes (ozone depleting potential--the key measure for the Protocol) have been phased out.