Scaling Climate Action by Lowering Emissions (SCALE) supports participating countries to leverage World Bank projects with high-emissions reductions potential to mobilize debt-neutral financing from international carbon markets for their low-emission and resilient development. Read more
The Scaling Climate Action by Lowering Emissions (SCALE) 2024 Annual Report highlights the fund's progress and vision as the World Bank’s next-generation platform for results-based climate finance. In its first year of operations, SCALE has allocated grants to over 20 country and regional programs, supporting Natural Climate Solutions to protect forests, restore landscapes, and advance sustainable land use, as well as Sustainable Infrastructure Solutions to drive energy transitions and renewable energy scale-up.
To understand what policy crediting is and how it works in terms of results-based climate finance, we sat down with Nuyi Tao, Senior Climate Finance Specialist with the World Bank’s Transformative Carbon Asset Facility (TCAF) and Maksudjon Safarov, Senior Energy Specialist at the Bank.
