To drive transformative change, SCALE is organized around three priority pillars: Natural Climate Solutions (NCS), Sustainable Infrastructure Solutions (SIS), and Fiscal & Financial Solutions (FFS). Each pillar seeks to increase the climate ambition of countries by supporting them to generate carbon credits through targeted investments, capacity building, and innovative financing mechanisms.
Natural Climate Solutions (NCS) Pillar
SCALE’s NCS Pillar supports the expansion of jurisdictional REDD+ and sustainable land-use programs, with the ambition to expand into low emissions agriculture and blue carbon. SCALE’s NCS Pillar builds on the foundational work of the World Bank’s Forest Carbon Partnership Facility (FCPF) and the BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL), which are strengthening operational capacity and demonstrating proof of concept for high-integrity jurisdictional-scale emission reductions programs in 19 countries. Building on the lessons learned from these programs, SCALE will support the generation of high integrity carbon credits through an expanded portfolio of World Bank nature-based operations, supporting client countries to build operational readiness, channel climate and carbon finance to impactful projects, and ensure that people and communities share in the benefits.
Sustainable Infrastructure Solutions (SIS) Pillar
Mitigating climate change requires decarbonization of the power sector, electrification of transport, and reducing emissions across industries, waste management, and water supply. SCALE’s SIS Pillar builds on the work of Carbon Initiative for Development (Ci-Dev) and others while aiming to drive transformation of new and existing infrastructure systems by integrating climate and carbon finance into energy transitions and other key sectors.
Fiscal & Financial Solutions (FFS) Pillar
The SCALE FFS Pillar works to enhance countries efforts to green their fiscal and financial sectors. Doing so can transform the prospect of future ER monetization into up-front capital at attractive terms to finance ambitious climate actions in real economy sectors such as forestry, agriculture and energy. Countries are greening their fiscal and financial sectors to have more sustainable government budgets, attract commercial finance at beneficial terms, and catalyze finance for climate action while minimizing additional debt. However, this transition faces barriers from vested interests, real and perceived investment risks, and insufficient capacity and proven models. Building off the work of the Transformative Carbon Asset Facility (TCAF) and others, SCALE is well suited to address barriers encountered for greening these sectors.
