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June 1, 2010
The Global Environment Facility (GEF), carbon finance, and the Clean Technology Fund (CTF) constitute the bulk of dedicated funding for low-carbon development. To achieve the largest possible impact, practitioners must learn to combine these resources in the same project or program in order to both reduce transaction costs and maximize synergies. This issues brief considers six projects that are using resources from one or all of these sources in combination with development finance to advance low-carbon development. It lays out a conceptual basis for how GEF, carbon finance, and CTF resources can be fit together to make a wider range of mitigation projects financially and economically attractive.
Although the case studies do not include forest carbon examples, a statement from the authors suggests that this document may be valuable for combining financing in a similar way as described in this guidebook:
Looking ahead, the WBG expects to increasingly utilize complementarities among multiple instruments to build capacity, promote policy reforms, and undertake investment programs targeting the reduction of emissions from deforestation and degradation, the conservation of forest carbon stocks, sustainable management of forests, and enhancement of forest carbon stocks (REDD-Plus) through the Forest Carbon Partnership Facility (FCPF), the CIF Forest Investment Program (FIP), and through GEF’s Sustainable Forest Management (SFM).
Access the full report from the World Bank here.
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