Accelerating and Innovating Climate Action : A Retrospective of the World Bank’s Experience with Select Climate and Carbon Trust Funds
This retrospective examines how the World Bank’s strategic use of climate-related trust funds has enabled it to play an outsized role in catalyzing climate action worldwide for nearly 30 years. By looking back at the history of climate and carbon f...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/667621591757499892/Accelerating-and-Innovating-Climate-Action-A-Retrospective-of-the-World-Bank-s-Experience-with-Select-Climate-and-Carbon-Trust-Funds http://hdl.handle.net/10986/34328 |
| Summary: | This retrospective examines how the
World Bank’s strategic use of climate-related trust funds
has enabled it to play an outsized role in catalyzing
climate action worldwide for nearly 30 years. By looking
back at the history of climate and carbon finance, with a
focus on the pioneering role of the Global Environment
Facility (GEF) and World Bank carbon funds in spurring
climate change mitigation activities, this report draws
lessons and recommendations on how the World Bank and the
wider development community can continue to benefit from
climate-related trust funds to support countries in meeting
their Paris Agreement commitments and achieving their
sustainable development and poverty reduction goals. |
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