Carbon Finance at the World Bank
Thursday, June 12th, 2008The World Bank was a pioneer in the carbon market. The Bank’s operational engagement in carbon finance started with the establishment of the $180 million Prototype Carbon Fund (PCF) in 1999. This was rapidly followed by the establishment of other funds and facilities as the Kyoto Protocol was ratified. Today, the World Bank manages just over $2 billion across 10 carbon funds and facilities. Sixteen governments and 65 private companies from various sectors have made financial contributions to these funds.



