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  03.21.05   The BioCarbon Fund welcomes new Participants
  03.01.05   Community Development Carbon Fund Gets Unexpected Boost; Public & Private Partners Invest $128 Million
  03.01.05   The Host Country Committee Meeting, Washington DC February 15-16, 2005
  02.25.05   TERI, IETA and World Bank host GHG Forum in India Feb 1-2, 2005
  02.22.05   Book Launch: Legal Aspects of Implementing the Kyoto Protocol Mechanisms - Making Kyoto Work
  02.22.05  Carbon Expo Press Release
  02.16.05  Kyoto Protocol Enters into Force

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  2004 PCF Annual Report
  2004 CDCF Annual Report
  Options for Designing a Green Investment Scheme for Bulgaria (PCFplus Research Report)
  Will the Kyoto Protocol Affect Growth in Russia?
  Estimating the Market Potential for the CDM
  Italian Carbon Fund Overview Document
  2004 State and Trends of the Carbon Market Report
  Overview of the World Bank Carbon Finance Business

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Carbon finance helps the Bank achieve the Millennium Development Goal of ensuring environmental sustainability. This MDG specifies the following indicators for achieving this goal:

  The proportion of land area covered by forest;
  The land area protected to maintain biological diversity;
  The gross domestic product per unit of energy use (as proxy      for energy efficiency); and
  Carbon dioxide emissions (per capita).

The World Bank's current and proposed activities in carbon finance target not only the broader goal of reducing carbon dioxide emissions-and potentially mitigating climate change-but also support the Bank's broader sectoral strategic thrusts and development objectives.
 
 For more information on the Millennium Development Goals, please visit the World Bank MDG webpage: http://www.developmentgoals.org/
 





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