The Role of the World Bank in Carbon Finance: An Approach for Further Engagement
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چکیده
The Bank’s engagement in carbon finance started with the establishment of the $180 million Prototype Carbon Fund in 1999. Since then the Bank has also agreed to administer country carbon funds for the Dutch, Italian, Spanish and the Danish Governments. In addition to the country carbon funds, the Bank established the Community Development Carbon Fund on March 25, 2003 and the BioCarbon Fund on September 11, 2003. The growth of the carbon funds in the last year has been rapid. Bank administered carbon funds grew from $413.6 million on July 1, 2004 to about $ 914.7 million on July 1, 2005. With the Umbrella Carbon Facility, Bank administered carbon funds are expected to be about $ 1,352.7 million by July 1, 2006.
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