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Established:
Board approved in July 1999
Objectives:
1) Show how project-based GHG emission
reductions transactions can promote
sustainable development and lower the
cost of compliance with Kyoto 2) Provide
parties to the UNFCCC, private sector,
etc., with learning-by doing opportunities
to develop policies and processes for
achieving ERs under Kyoto's market mechanisms
(3) Demonstrate how the Bank can partner
with the public and private sectors
to mobilize new resources to address
global environmental problems through
market-based mechanisms
Key
activities: Serve as intermediary
for project-based (renewable energy,
energy efficiency, waste management,
land-use/forestry) emission transactions;
support CDM/JI market development; disseminate
lessons learned
FY04
DGF allocation: Not applicable
Governance
model: Housed and managed by World
Bank; Oversight conducted by WB and
participants
Location:
World Bank, Washington, D.C. Administering
agency: Word Bank, as trustee
Latest
program-level evaluation: None
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The
Prototype Carbon Fund is a public-private partnership
whose mission is to pioneer a market for project-based
greenhouse gas emission reductions within the framework
of the Kyoto Protocol to the United Nations Framework
Convention on Climate Change (UNFCCC).
