Tcaf world bank, Mar 18, 2025 · Driving innovation in climate finance The Transformative Carbon Asset Facility (TCAF) supports developing countries in implementing their Nationally Determined Contributions (NDCs), which are greenhouse gas (GHG) emission reductions that countries pledge to achieve under the Paris Agreement. The Transformative Carbon Asset Facility (TCAF) is a World Bank multi-donor trust fund to support large-scale transformative climate mitigation activities in developing countries using the instrument of carbon crediting. The TCAF was designed to support this move in our partner countries. A. We refer to the Transformative Carbon Asset Facility ("TCAF") Contribution Agreement dated March 2, 2017, executed by and between IBRD, acting as trustee of TCAF ("Trustee") and the Kingdom of Sweden, acting through the Swedish Energy Agency ("Contributor", and together with the Trustee, the "Parties" and each a "Party") ("Contribution Agreement"). In this context, the World Bank Transformative Carbon Asset Facility (TCAF), established as a World Bank trust fund, supports countries’ efforts to implement transformative mitigation programs through a hybrid mechanism. Background and objectives The Transformative Carbon Asset Facility (TCAF) is a hybrid results-based climate finance (RBCF)/carbon market facility to support sectoral or policy mitigation programs in developing countries through payments for verified emission reductions. TCAF will channel results-based climate finance (RBCF) to developing countries to pay for Verified Emission Reductions (VERs) that can be used by these host countries to Nov 30, 2015 · The Transformative Carbon Asset Facility (TCAF) will establish the world’s first programmatic carbon market and according to World Bank President Jim Yong Kim will garner some $2 billion in lending from the bank. The facility is closely aligned with World Bank Country Partnership Framework objectives, which aim to make development country-driven, systematic, evidence-based, selective, and focused on the Bank's twin The World Bank’s Transformative Carbon Asset Facility (TCAF), launched by Germany in cooperation with Norway, Sweden and Switzerland – and which both the UK and Canada have since joined – supports developing countries in establishing and implementing market-based climate change mitigation mechanisms by providing results-based financing To support this process and help developing countries implement their plans, the Transformative Carbon Asset Facility (TCAF) was established as a trust fund by the World Bank. 5 million each since 2017.
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