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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. ....