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Experience has shown that the full engagement of developing countries in market mechanisms for greenhouse gas emission reduction and sequestration will only take place in the presence of local environments that support project identification, preparation, consideration and/or approval.
Consistent with its mission to catalyze the emergence and growth of market mechanisms for climate change mitigation and sustainable development, the World Bank, in parallel with its carbon funds, has established a number of technical assistance facilities for capacity building and project preparation, that enhances the capacity of host countries to fully participate in the market.
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CF-Assist
CF-Assist is both a technical assistance facility with
its own donor constituency and work program as well
as an umbrella program providing coordination and
synergy for all World Bank activities in the area of
technical assistance for carbon finance.
PCFplus
The PCFplus Program which supplements the work of
the PCF in the areas of outreach and capacity
building, and research and training, was initiated in
November 2000. The objectives of the Program are
to build capacity of host countries and PCF participants,
to enhance the operations and activities of
the PCF and its partners, and to promote the market
for and quality of greenhouse gas projects and
emission reduction credits by reducing risks and
transaction costs. Training activities are now increasingly
prominent. The PCFplus Fellowship Program
provides hands-on training on carbon finance.
PCFplus is being progressively folded into CF-Assist
and will eventually become part of this broader
program.
CDCFplus
CDCFplus provides project-specific support to
small-scale projects in least developed countries
and other poor developing countries. Consistent
with international rules on the use of Official Development
Assistance (ODA) in CDM project activities,
this support will be limited to projects that are firstof-
a-kind and have a high potential for replication.
The focus of CDCFplus activities is on defraying
some of the project preparation costs, including
social and environmental due diligence, and
feasibility studies for underlying projects. In addition,
CDCFplus resources will also be used to help
create a deal flow in CDCF priority countries,
including by building and/or strengthening the
capacity of project intermediaries in these countries
and, to a lesser extent, providing support to
Designated National Authorities (DNAs).
 CDCFplus Brochure
BioCFplus
The BioCFplus program is being established on the
model of CDCFplus to provide project-specific
support to carbon sequestration projects in developing
countries and economies in transition. The focus
of this facility will be on defraying project preparation
costs. BioCFplus resources will also be used to
help create a deal flow in specific countries, including
by building and/or strengthening the capacity of
project intermediaries in these countries and, to a
lesser extent, providing support to DNAs. As with
CDCFplus, individual work programs will be discussed
and agreed on with participants.
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