The leading report from the World Bank on carbon markets analysis.
The publication, 10 Years of Experience in Carbon Finance – Insights from working with carbon markets for development & global greenhouse gas mitigation, looks at the World Bank’s experience of working with the Kyoto Protocol’s flexibility mechanisms (Clean Development Mechanism and Joint Implementation). According to the assessment, the experience of carbon finance has – and continues to be – one of rich learning. It says significant capacity-building has occurred and must be sustained.
The goal of this paper is twofold: i) to provide greater information and clarity on these three mitigation-related climate financing instruments available for the World Bank Group (WBG) and their application in the context of specific projects and national policy frameworks; and ii) to draw lessons for the broader development community on how resources from different climate financing instruments can be combined for expanded impact, increased leverage, and enhanced efficiency.
This paper examines the challenges of monitoring financial flows related to climate change. The first part focuses on tracking, monitoring, and reporting various types of flows, primarily from official development assistance (ODA) and other public sources but also from private sources. The second part explores possible ways of tracking additionality in ODA flows, with the aim of stimulating global discussion on this issue.