In addition the bank established the community development carbon fund and the. The ccb standards differ from carbon accounting standards such as the clean development. As a sign of these changing times, the project portfolio of the prototype carbon fund is almost complete. 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. The world banks prototype carbon fund and china pdf logo. 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 experience of carbon finance hasand continues to beone of rich learning. Operational since april 2000 as the first publicprivate partnership aimed at mitigating climate change. The prototype carbon fund is an example of how new and emerging market.
History and objectives of the prototype carbon fund. A partnership between seventeen companies and six governments, and managed by the world bank, the prototype carbon fund pcf became operational in april 2000. Definition of pcf in the acronyms and abbreviations directory. 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. This paper addresses the issue of the primary prototype carbon fund objectives. Housed and managed in the banks carbon finance group in the essd vice. The prototype carbon fund independent evaluation group world. Prototype carbon fund and clean development mechanism the ratification of the kyoto protocol will pave the way for developed countries to. Prototype carbon fund occasional papers series number 1 work in progress october 3, 2000 6 learning from the implementation of the prototype car bon fund4 the prototype carbon fund pcf is a privatepublic partnership that aims to mobilize new and. Promote markets for cost effective renewable energy technologies and energy efficiency in partnership. 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. Request pdf undertaking emission reduction projects.
World bank prototype carbon fund agreement extended. 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. 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. Ieta is proud to present an oral history of the carbon market, from the kyoto protocol up to the road to paris. The world banks prototype carbon fund and china econstor. Prototype carbon fund pcf european environment agency. Pdf as the first global carbon fund, the world banks prototype carbon fund pcf aims to catalyze the market for projectbased greenhouse gas. Prototype carbon fund and carbon finance at the world bank. 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. What is the abbreviation for prototype carbon fund.