Climate Finance and Initiatives Annika Ostman / World Bank
The World Bank’s Climate Change Fund Management Unit is home to climate finance initiatives that deliver innovative and scalable climate and environmental action. With more than
$5 billion in capital these initiatives:
Create partnerships to develop new financial instruments for
low-carbon, climate-resilient development,
Build
supportive policy and regulatory environments to help lower the cost of capital and dismantle barriers to projects,
Catalyze private sector capital to finance and
scale-up climate action.
The Unit’s results-based climate finance funds take three approaches to reducing greenhouse gas emissions:
portfolio of programs that supporting similar emissions reduction projects, often small-scale at the household level. It has developed the Standardized Crediting Framework a new approach to crediting emission reductions in the post-Kyoto era.