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Community Development Carbon Fund


Table of Contents

[top] [end]Origin of funds

The CDCF is a multi-donor Trust Fund - a public/private partnership - administered by the World Bank

[top] [end]Goals/aims

The CDCF was created in March 2003 to extend the benefits of carbon finance to the poorest countries and poor communities in all developing countries, which would otherwise find it difficult to attract carbon finance because of country and financial risk. Contributors to the CDCF support projects that measurably benefit poor communities and their local environment and will receive in return, verified Kyoto-compliant emission reductions from these projects. Parallel resources from donors are mobilized to support technical assistance, capacity building, and project preparation in CDCF countries.

[top] [end]Main form of support

Grant or Subsidy

[top] [end]Typical budget size

Nine governments and 16 private firms participate in the first (and for now the only) tranche of the CDCF, for a total capitalization of $128.6 million

[top] [end]Support type

Investment support

[top] [end]Countries of operation

Developing countries participating in CDM - International Development Association (IDA) list of countries; (ii) countries commonly referred to as "IDA blend" with a population of less than 75 million; or (iii) countries designated as Least Developed Countries (LDCs) by the United Nations.

[top] [end]Main target groups

NGOs, Foundations, Private utility, Research, Consultants, Industry, Government

[top] [end]General conditions

Invests in the greenhouse gas reduction component of projects in developing and least developed countries. There is a faster-track procedure than larger projects.

The single overarching factor, which defines this Fund and differentiates it from the other World Bank carbon funds, is the generation of community benefits by the projects it finances. CDCF projects are an opportunity for small communities in poorer countries to obtain clean water, improve health conditions, create jobs for women, as much as it is an investment in clean technologies that help reduce greenhouse gas emissions and mitigate climate change. The CDCF achieves these goals by linking private investors with community development projects, and thus lowering transaction costs and risks associated with such projects in the poorest parts of the world.

[top] [end]Example projects

[top] [end]Contact details

Webpage: http://wbcarbonfinance.org/

[top] [end]Sources

This profile, based on initial information contributed by Eco Ltd, was updated within the framework of the Sparknet project supported by the European Commission's Fifth Framework Programme.

Click here for the full list of donor, organisation, and project profiles from Sparknet.

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Link to Sparknet

Page created: 12 March 2004; Last edited: 29 April 2009; Version: 3
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Pagename: CommunityDevelopmentCarbonFund @HEDON: HVAA