What is the abbreviation for prototype carbon fund. Prototype carbon fund pcf european environment agency. Housed and managed in the banks carbon finance group in the essd vice. Pdf as the first global carbon fund, the world banks prototype carbon fund pcf aims to catalyze the market for projectbased greenhouse gas. Since then the bank has also agreed to administer country carbon funds for the netherlands, italy, spain and denmark. Pdf the world banks prototype carbon fund and china. Request pdf undertaking emission reduction projects. The prototype carbon fund independent evaluation group world. Ieta is proud to present an oral history of the carbon market, from the kyoto protocol up to the road to paris. In addition the bank established the community development carbon fund and the. The aspiration of the prototype carbon fund manager and participants has always been to pave the way for themselves and all the others who would want to follow.
Promote markets for cost effective renewable energy technologies and energy efficiency in partnership. As a sign of these changing times, the project portfolio of the prototype carbon fund is almost complete. The prototype carbon fund pcf is a publicprivate partnership whose mission is to pioneer a market for projectbased greenhouse gas emission reductions within the framework of the kyoto protocol to the united nations framework convention on climate change unfccc. The world banks prototype carbon fund and china pdf logo. The world banks prototype carbon fund extended an agreement until as late as 2023 to help govern the syndicate including six governments and 16 companies. The world banks prototype carbon fund and china econstor.
Lessons learned francisco fernandezasin the prototype carbon fund pcf the pcf is a publicprivate fund established in 2000 and administered by the world bank acting as trustee. The prototype carbon fund pcf the mission of the prototype carbon fund was to pioneer the market for projectbased greenhouse gas emission reductions within the framework of the kyoto protocol and to contribute to sustainable development. Definition of pcf in the acronyms and abbreviations directory. This paper addresses the issue of the primary prototype carbon fund objectives. Prototype carbon fund and clean development mechanism the ratification of the kyoto protocol will pave the way for developed countries to. The prototype carbon fund is an example of how new and emerging market. A partnership between seventeen companies and six governments, and managed by the world bank, the prototype carbon fund pcf became operational in april 2000. The prototype carbon fund pcf is a publicprivate partnership whose mission is to pioneer a market for projectbased greenhouse gas emission reductions within the framework of the kyoto protocol to the united nations framework convention on climate. World bank prototype carbon fund agreement extended. History and objectives of the prototype carbon fund. Operational since april 2000 as the first publicprivate partnership aimed at mitigating climate change. The ccb standards differ from carbon accounting standards such as the clean development. The experience of carbon finance hasand continues to beone of rich learning. Prototype carbon fund and carbon finance at the world bank.
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