World Bank launches $500 million Transformative Carbon Asset Facility

World-Bank55PARIS, Nov. 30, 2015 – Four European countries – Germany, Norway, Sweden, and Switzerland – today announced a new $500 million initiative that will find new ways to create incentives aimed at large scale cuts in greenhouse gas emissions in developing countries to combat climate change. The World Bank Group worked with the countries to develop the initiative.

The Transformative Carbon Asset Facility will help developing countries implement their plans to cut emissions by working with them to create new classes of carbon assets associated with reduced greenhouse gas emission reductions, including those achieved through policy actions. Read More

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