The World Bank already analyzes the greenhouse gases associated with its Carbon Finance Unit investments, which include projects in the areas of renewable energy and energy efficiency.
The Uganda project is the first of several projects that are in the United Nations Clean Development Mechanism pipeline for registration, and which can lead to strong co-benefits, including higher incomes for local communities and greater climate resilience , says Ellysar Baroudy, Fund Manager for the BioCarbon Fund of the Carbon Finance Unit of the World Bank.
[ILLUSTRATION OMITTED] 'It will involve a lot of work on the ground with countries to establish both a physical and institutional infrastructure to demonstrate that they actually avoid deforestation,' said the manager of the World Bank's carbon finance unit, Joelle Chassard.
Energy Editors/Business Editors/Science Writers/Political Writers/Environment Writers WASHINGTON--(BUSINESS WIRE)--June 9, 2004 Leading Energy and Environmental Brokerage and Consulting Firm Analyzes Global Greenhouse Gas Market Activity for World Bank's Carbon Finance Unit Natsource LLC announced the completion of its fourth annual analysis of the global greenhouse gas (GHG) market.
Run by the World Bank through its carbon finance unit, the programme helps the cities structure their environmental projects so that they can generate carbon credits, which results from lowering their greenhouse gas emissions.
Karan Kapoor, an originator and negotiator of carbon transactions with the World Bank Carbon Finance Units Sustainable Development Operations, reveals that 63 percent of CDM projects validated by designated operational entities are under review by the executive board.
Eduardo Dopazo, World Bank fund manager of Carbon Finance Unit told newsmen at the sidelines of the Accra Talks that the private sector was expected to account for 80 percent of the sum.
Deforestation and forest degradation together are the second leading man-made cause of global warming, said Joelle Chassard, Manager of the World Bank s Carbon Finance Unit.
