World Bank to launch results-based payment fund for emissions reductions at COP27

Published 17:33 on October 11, 2022  /  Last updated at 17:33 on October 11, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Nature-based, Voluntary  /  No Comments

The World Bank plans to launch a fund at COP27 that will provide grants for emissions reduction projects based on results, as well as generate credits to count towards national inventories or for international transfer or sale, its President said on an online post this week.

The World Bank Group (WBG) plans to launch a fund at the November UN climate summit that will provide grants for results-based emissions reduction projects, as well as generate carbon credits to count towards national inventories or for international transfer or sale, the institution’s president said this week.

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