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Community Development Carbon Fund |
| The CDCF provides carbon finance to projects in the poorer areas of the developing world. The Fund, a public/private initiative designed in cooperation with the International Emissions Trading Association and the United Nations Framework Convention on Climate Change, became operational in March 2003. The first tranche of the CDCF is capitalized at $128.6 million with nine governments and 16 corporations/organizations participating in it and is closed to further subscriptions. The CDCF supports projects that combine community development attributes with emission reductions to create "development plus carbon" credits, and will significantly improve the lives of the poor and their local environment. |
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Featured Resource
COP15 going "carbon neutral" with a CDCF project
The World Bank's Carbon Finance Unit is proud to announce that one of its Community Development Carbon Fund (CDCF) projects will provide the Danish Government with CERs to offset emissions associated with the hosting of the Conference of the Parties (COP 15) in Copenhagen in December. The project, which is based in Bangladesh, helps to reduce greenhouse gas emissions through the introduction of energy efficient brick-making kilns The project involves the construction of 20 new Hybrid Hoffmann kilns across Bangladesh, which will claim carbon benefits. The World Bank is buying 189,000 emission reductions for its CDCF and the Danish Government will purchase 60,000 emission reductions to make its event in Copenhagen "carbon neutral". For more information on the project, please see our website: http://wbcarbonfinance.org/Router.cfm?Page=Projport&ProjID=49154
or press release: http://www.iidfc.com/news.html
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