80682 CLIMATE CHANGE PRACTICE OF THE WORLD BANK INSTITUTE Innovation in Carbon Finance CLIMATE CHANGE PRACTICE OF THE WORLD BANK INSTITUTE Innovation in Carbon Finance The World Bank Institute is a global connector of knowledge, learning and innovation for development and poverty reduction. WBI’s Climate Change Practice focuses on four key programs: Leadership and Coalition Building for Climate Change; Cities and Climate Change; Innovation in Carbon Finance; and Climate Adaptation for Water, Agriculture, and Natural Resource Management. Brochures are available for each of these components. Why innovation in carbon finance? • Promote the understanding, good design, and If we are to achieve the emission reductions use of new carbon finance and other climate recommended by the Intergovernmental Panel finance instruments to support these actions. on Climate Change (IPCC) huge investments will • Support the design and creation of nonmarket be needed to reduce the carbon intensity of our climate finance tools that catalyze investments global economy. The climate change agenda and in low-carbon economic growth. the financial instruments and planning tools to im- • Prepare decision makers and project develop- plement it are evolving. In future, climate change ers to use new carbon finance instruments and mitigation will include domestic and international to understand the post-Copenhagen global actions on the generation of tradable emission regulatory framework. reduction credits. This will require adapting or creating new financial instruments. Knowledge Exchange & South-South Learning • Connect practitioners from developing coun- Our objectives tries to share best practices on carbon finance, • Enable developing countries to identify, de- climate finance, and low carbon economic sign, and implement mitigation actions such as growth through video-based learning and energy efficiency, renewable energies, build- face-to-face activities ings, transport, waste management, forestry • Focus on financing sustainable urban develop- and agriculture consistent with their develop- ment and adaptation for water, agriculture, ment priorities. and natural resource management • Focus on the integration of carbon finance into Our audience climate finance and new programmatic carbon Local and national governments, representatives finance instruments of Designated National Authorities (DNA), project developers, and financial institutions. Structured Learning • Low Carbon Growth: learning programs on Our partners country case studies that highlight the use of Networks of organizations, universities, founda- new carbon finance instruments for each coun- tions, and private sector companies from around try’s specific needs and situation the globe; World Bank units; bilateral and multilat- • Forests and Carbon Finance: a learning pro- eral development organizations; UN organizations. gram on the opportunity costs of actions to reduce emissions resulting from deforestation and degradation (REDD) • Cities and Carbon Finance: a learning program on carbon finance in urban areas that addresses mitigation and adaption actions in megacities Networks and Innovative Knowledge Platforms • Carbon Expo and regional carbon events: marketplaces and learning forums for carbon market practitioners • Network of experts: connecting practitioners and decision-makers across regions to share knowledge and best practice on climate mitigation; • Regional hubs: strengthening local institutions that can function as knowledge centers to more effectively disseminate learning programs For more information, please contact WBI Climate Change Team www.worldbank.org/wbi wbicc@worldbank.org Printed on recycled paper +1.202.473.7242