Africa > INTERVIEW – COP27: World Bank launches results-based payment fund to help countries access international carbon markets

INTERVIEW – COP27: World Bank launches results-based payment fund to help countries access international carbon markets

Published 09:45 on November 8, 2022  /  Last updated at 09:18 on November 14, 2022  / Roy Manuell /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary

The World Bank has launched an a umbrella fund at COP27 that will help countries to access carbon markets by providing results-based grant payments via pooled cash from donor countries, the private sector, and foundations for projects that reduce emissions, including the monetising of credits from the acceleration of coal phaseouts, a senior member behind the project told Carbon Pulse.
The World Bank has launched an a umbrella fund at COP27 that will help countries to access carbon markets by providing results-based grant payments via pooled cash from donor countries, the private sector, and foundations for projects that reduce emissions, including the monetising of credits from the acceleration of coal phaseouts, a senior member behind the project told Carbon Pulse.


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