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NEWS & EVENTS

FOR MEDIA INQUIRIES ONLY - Please contact the Carbon Finance Unit's Senior Communications Officer, Anita Gordon, at agordon@worldbank.org and/or 202-473-1799.

FOR GENERAL QUESTIONS OR WEBSITE HELP - Please use the Carbon Finance Help Desk or send an email to Helpdesk@carbonfinance.org.

For our most current news and events, please visit the News and Events webpage at carbonfinance.org. Thank you.

ARCHIVED CDCF NEWS & EVENTS

July 2003

This article was published on July 16 by EFE, the oficial Spanish press agency, on the launching of the CDCF.
BM lanza fondo para reducir emisiones de carbono en países pobres—Washington, 15 jul (EFE).- El Banco Mundial lanzó hoy un fondo para reducir las emisiones de dióxido de carbono en países pobres que permitirá a empresas privadas, que aportan la mayoría de los 35 millones de dólares iniciales, adaptarse al Protocolo de Kioto. View Article

World Bank fund created to cut gas emissions in poor states—Kyodo News, Japan.
The World Bank launched a new fund Tuesday to help finance projects to reduce greenhouse-gas emissions in poor countries, with initial commitments of $35 million from both public-and private-sector participants, including Japanese firms. View Article

4 Japan Firms to Invest in World Bank Carbon Fund—Jiji Press Ltd, Japan.
Four Japanese firms, including Daiwa Securities SMBC Co., will invest in a carbon fund managed by the World Bank for reducing greenhouse gas emissions, it was learned Monday. View Article

Supporting poor communities under the Kyoto Protocol: New Community Carbon Fund Launched
Washington DC, July 15, 2003—Poor communities in developing countries will benefit from the groundbreaking Community Development Carbon Fund (CDCF) which became operational today. The World Bank which developed the CDCF in collaboration with the United Nations Climate Change Secretariat and the International Emissions Trading Association, announced commitments of US35M from both public and private sector participants, as part of a US100M package. View Press Release

June 2003

$380m for Air Pollution—New Vision Press, Kampala
The World Bank has named Uganda and Kenya among African countries to benefit from the $380m for the private sector to participate in agro-forestry and afforestation projects, David Muwanga. The funds that are in three phases, include the World Bank bio-carbon fund and the community development carbon fund both totaling $200m and the World Bank Carbon Fund totaling US$ 180m. View Article

May 2003

Italy Brings the Community Development Carbon Fund Closer to Reality
The groundbreaking Community Development Carbon Fund (CDCF) took a step closer to reality on May 2nd at Bank Headquarters when an agreement was signed between the Ministry for the Environment and Territory of Italy and the World Bank. View Story

CDCF in the News

World Bank Feature Story (September 3, 2002)

Environmental Finance Story (August 2002)

Launch of Community Development Carbon Fund

On Monday September 2, 2002, World Bank President James D. Wolfensohn launched the Community Development Carbon Fund (CDCF) in collaboration with the International Emissions Trading Association (IETA) at the World Summit on Sustainable Development in Johannesburg. The CDCF will provide carbon finance to small-scale projects in least developed countries and poorer rural areas of the developing world.

At the same time, the World Bank President signed an agreement on carbon finance with Mr. Mandla Gantsho, the CEO of the Development Bank of Southern Africa (DBSA). This event is significant because DBSA becomes the first developing country financial intermediary to act as an implementing partner for the World Bank's carbon finance business.

View the Press Release.