Category: World Bank

World Bank puts up €68m to avert post-Kyoto carbon market crash

(January 14, 2011) Fund will buy offsets from projects in developing nations after first phase of Kyoto expires in 2012.

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World Bank ups funding for post-2012 credits

(January 13, 2011) The World Bank has announced new funding for carbon credits to be generated after 2012. A second tranche of the bank’s Umbrella Carbon Facility “is now operational with initial funding of €68 million ($89 million),” the World Bank said in a statement on Wednesday.