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Scaling Climate Action by Lowering Emissions

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Climate Explainer

What You Need to Know About Results-Based Climate Finance

The World Bank and other development finance institutions have increasingly used Results-Based Climate Finance (RBCF) in developing countries to incentivize climate action and help countries achieve their Nationally Determined Contributions (NDCs) to the Paris Agreement. How will RBCF catalyze transformative climate action? We asked Erwin De Nys, Manager at the World Bank’s Climate Funds Management Unit, to explain the significance of RBCF.

Climate Explainer

What You Need to Know About MRV of Carbon Credits

A wide array of programs and markets around the world offer to deliver, buy, and sell emissions reduction credits (ERCs) —commonly known as carbon credits—with mixed reactions and results. How can buyers know that the carbon credits they purchase are real? And how does the World Bank ensure that its emission reductions programs are fully inclusive and benefit the people and communities participating in them?

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About the Program

Scaling Climate Action by Lowering Emissions (SCALE), a multi-donor fund, seeks to catalyze transformative climate action by deploying Results-Based Climate Finance, helping to bridge the financial gap by supporting countries to access international carbon markets.

What is Results-Based Climate Finance (RBCF)?

RBCF is paid when results are achieved. Results can be defined as any milestone that indicates progress toward reducing GHGs. The emission reductions are retained by the country that has made them and can count towards that country’s national climate target.

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Anita Rozowska
External Affairs
World Bank 1818 H St, NW Washington, DC 20433, USA
Tel :+1-202-473-4782