The agreement will unlock up to $30 million in results-based payments that will in turn reward communities in Eastern Province for their efforts to reduce around three million metric tons of CO2e [Carbon Dioxide
The Nepal government signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), that will enable the country to receive up to USD 45 million to decrease carbon emissions from deforestation and forest degradation through 2025.
The World Bank has recently put together the largest ever carbon trading deal. Backed by funds from Danish Carbon Fund, the Italian Carbon Fund, Deutsche Bank, Mitsui & Co. and private capital, they have paid two Chinese che...
Emissions trading systems and carbon taxes showed themselves to be resilient in the last year. Despite a global energy crisis, high inflation, and fiscal pressures, emissions trading systems (ETSs) and carbon taxes posted record high revenues, according to the World Bank’...
emissions trading scheme. One view expressed has been that if the country has to pay for its carbon emissions it would much rather pocket the money domestically than see it go to a foreign entity.A relative CBAM Exposure Index put together by the World Bank by June 2023 suggested that ...
[year ending June 30, 2025]. The original target was 35% and the bank was doing better than that, so we raised our aspiration. This will be split equally between mitigation [actions to reduce or avoid emissions] and adaptation [to adjust to climate change]. There is no science to that...
BOGOTA (Reuters) - The World Bank has approved a loan of $750 million to Colombia, to help the country become more resilient in the face of climate change by buoying up renewable energy efforts and reducing carbon emissions, the bank said on Monday. The loan looks to boost developm...
World Bank Open Data provides free and open access to various global development data. This release contains Carbon dioxide emissions in kiloton (kt) by all countries in the world. The data is available from year 1960. Carbon dioxide emissions, largely by-products of energy production and use,...
development of India’s low-carbon energy sector. This financial support serves to bolster India’s efforts in advancing renewable energy, facilitating the growth of green hydrogen, and stimulating climate finance forlow-carbon energy investments, according to a statement released by the World B...
CO2emissions have been identified as the primary driver of global climate change (Friedlingstein et al.2023; Xu et al.2023a). Since the Industrial Revolution, anthropogenic carbon emissions have risen to unprecedented levels, driven by the extensive consumption of carbon-intensive energy sources such...