商品簡介
A Financing Facility for Low-Carbon Development is part of the World Bank Working Paper series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion.
This paper proposes an innovative financing mechanism, known as the Low Carbon Development Facility (LCDF), which would bring additional investment financing at concessional rates to low carbon development projects in non-Annex I countries. The-new-financing would help to rapidly scale up project-based emissions avoidance in these countries, up to 10 GtCO2e in 2030. LCDF also could help the post-Copenhagen Green Climate Fund implement financial pledges made by Annex I countries to support projects, programs, policies, and other activities in developing countries. The LCDF neither limits financing to incremental costs nor focuses on transformational projects. Therefore, the Facility does not substitute for the Global Environment Facility and the Clean Technology Fund, but rather helps scale up the innovative projects pioneered by these instruments.
