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With the realistic prospect of helping to develop numerous small-scale projects, it is critical that CDCF is able to work in partnership with local
financial or financially competent intermediaries to identify potential projects, provide underlying project
financing, and to create and bundle cost-effective carbon assets.
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One of the objectives of the CDCFplus is to identify intermediaries in poorer countries that have a demonstrated track record and willingness
to use carbon finance to support their business development and the capacity to implement the volume and type of projects called
for by the CDCF. In addition, the CDCF is mindful of the need to reduce risk through immediate or shorter-term techniques, as
well as an assessment of the resources needed to fill any short-term or medium-term capacity gaps. These intermediaries may include
experienced NGO partners, small and medium enterprises, project developers, local cooperatives, banks, and micro-credit agencies,
as appropriate.
Local communities, small and medium-enterprises (SMEs), and other organizations will help to bundle small transactions to lower market
entry barriers and costs.
The CDCF is actively working with World Bank Group staff with expertise with small and medium enterprises,
micro-credit lending agencies, renewable energy and energy efficiency programs, and agroforestry programs to identify
intermediaries.
CDCF will draw upon valuable Prototype Carbon Fund (PCF) experience in establishing such intermediation arrangements and legal agreements for
bundling smaller projects in some countries where the World Bank's carbon finance team has initiated activities.
The CDCF will endeavor to tap grant resources from Implementation Partnerships to assist with intermediary capacity
building, project identification, and preparation costs, including for the creation and use of sectoral and
standardized baselines.
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