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The World Bank's carbon finance team is indebted to
the ideas, interest, and participation of a wide range of governments, companies, foundations, and NGOs that have helped define the mission
and objectives of the CDCF. The continued involvement of these important partners will contribute to making the CDCF successful.
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Small-scale projects in poorer, smaller countries are likely to yield large local and regional development benefits, but
to have higher risks and transaction cost. In order to deliver carbon finance to small-scale projects, CDCF management
will have to find ways to include the poorest, least developed countries in the portfolio while keeping CDCF administration,
carbon asset production costs, and portfolio-wide risks at an acceptable level. To overcome these obstacles, the CDCF
will have to direct project development and capacity building resources to poorer, smaller countries and regions, work with local
intermediaries to bundle projects, and find ways to streamline the carbon finance project cycle and business processes.
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