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Carbon Fund for Europe |
| The Carbon Fund for Europe (CFE) is designed to help European countries meet their commitments to the Kyoto Protocol and the European Union's Emissions Trading Scheme (EU ETS). The CFE is a trust fund established by the World Bank, in cooperation with the European Investment Bank (EIB). The Fund will purchase greenhouse gas emission reductions through the Kyoto Protocol’s Clean Development Mechanism and Joint Implementation from climate-friendly investment projects from either bank’s portfolio as well as self-standing projects. While the World Bank brings its expertise and experience of the carbon market to the CFE, the EIB brings its intimate knowledge of the European economy and a rich project pipeline in developing countries. Through the CFE, the two institutions will complement private sector development in the emerging carbon market and seek ways to support essential private carbon market development. |
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Featured Resource
Carbon Finance Unit Annual Report 2006
 This report of the carbon funds managed by the World Bank covers the period from July 1, 2005 through August 31, 2006. Notes: All $ = U.S. dollars (unless otherwise indicated). The U.S. dollar/ euro exchange rate used in this report = 1.25. One ton = 1000 kilograms (one metric tonne). All greenhouse gas emission reductions are measured in tons of carbon dioxide equivalent (tCO2e). This report is provided for informational purposes only. The carbon funds reported on are not legal partnerships. No warranties or representations are made as to the accuracy, reliability or completeness of any information herein. To request a hardcopy of the report, please contact the Carbon Finance Helpdesk.
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