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. Since then the bank has also agreed to administer country carbon funds for the netherlands, italy, spain and denmark. The world banks prototype carbon fund and china econstor. Pdf the world banks prototype carbon fund and china. The ccb standards differ from carbon accounting standards such as the clean development.
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. 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. Pdf as the first global carbon fund, the world banks prototype carbon fund pcf aims to catalyze the market for projectbased greenhouse gas. 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. A partnership between seventeen companies and six governments, and managed by the world bank, the prototype carbon fund pcf became operational in april 2000. Request pdf undertaking emission reduction projects. As a sign of these changing times, the project portfolio of the prototype carbon fund is almost complete. Prototype carbon fund pcf european environment agency. What is the abbreviation for prototype carbon fund. 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 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. Prototype carbon fund and carbon finance at the world bank.
Operational since april 2000 as the first publicprivate partnership aimed at mitigating climate change. Prototype carbon fund and clean development mechanism the ratification of the kyoto protocol will pave the way for developed countries to. The experience of carbon finance hasand continues to beone of rich learning. The prototype carbon fund independent evaluation group world. Promote markets for cost effective renewable energy technologies and energy efficiency in partnership. As the first carbon fund, its mission is to pioneer the market for projectbased greenhouse gas emission reductions while promoting sustainable development and offering a learningbydoing opportunity to its stakeholders. Definition of pcf in the acronyms and abbreviations directory.
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