IFI governance


Bank participation in carbon fund in doubt

15 March 1999

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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