Bank participation in carbon fund in doubt

The World Bank may have failed to secure European financial support for the Prototype Carbon Fund, one of the controversial carbon-trading schemes devised to implement the Kyoto climate change protocol. The Bank had planned to present a proposal on its part in the scheme in April, but this now looks unlikely. A number of concerns have been raised about the proposed mechanism, including its governance structure, relationship with existing World Bank programmes, possible conflicts of interest for the Bank, and others.

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Published: 15 March 1999 , last edited: 12 February 2009

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