Carbofinance

PCF

At the close of calendar year 2009, the Prototype Carbon Fund has 23 of 24 projects generating emission reductions and eight of the PCF’s CDM projects have issued Certified Emission Reductions. In early 2010, the PCF successfully completed its first transfer of Kyoto assets from its projects in Annex I countries.

Fund Capital ($ million) 219.8
Date Operational April 2000
Participants 22
Private % (by capital invested) 57.6

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Community Development Carbon Fund

Social and environmental standards for REDD and other forest carbon programs

As the Bank seeks to position itself as the vehicle of choice for future climate finance, the experience of the Forest Carbon Partnership Facility (FCPF) calls its competence into question.

While committed to stopping deforestation, Brazil sees a carbon trading scheme as the wrong way to proceed. On climate change mitigation, it wants commitments to reflect historic emissions.A scheme that would allow developed nations to gain carbon credits by supporting forest conservation is on the agenda of the UN conference in Copenhagen this December, but the home country of the Amazon, the world’s largest forest, now turns its thumb down.

LONDON/NUSA DUA, Indonesia (Reuters) - It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.