News and Events

03.01.2005
Community Development Carbon Fund Gets Unexpected Boost

WASHINGTON, March 1, 2005—Less than 18 months since its inception,the World Bank Community Development Carbon Fund (CDCF) today announced that 25 public/private participants closed the first round of financial commitments at $128 million—far beyond the original $100 million projected target. The beneficiaries will be the poorest countries on the planet, which until now have been by-passed by the emerging carbon emissions trading market.
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