Transformative Carbon Asset Facility (TCAF)
In 2015, the World Bank had launched a $500 million Transformative Carbon Asset Facility (TCAF) to help developing countries pay for emission reductions and combat climate change. The Transformative Carbon Asset Facility (TCAF) will establish the world’s first programmatic carbon market. The scheme will reward countries for reducing emissions by paying a fee for each tonne of carbon dioxide (CO2) reduced. The facility will help countries implement their Intended Nationally Determined Contributions (INDCs).
Related Posts
Topics: Carbon emission trading • Carbon finance • Climate change • Climate change policy • Emissions trading • Environment • Global warming • Intended Nationally Determined Contributions
Latest E-Books
| Current Affairs [PDF] - January 1-15, 2023 | ₹100.00 | |
|
| Current Affairs Articles Compilation [PDF] - December 2022 | ₹200.00 | |
|
| Current Affairs MCQs PDF - December, 2022 | ₹150.00 | |
| View All E-Books: Recent Release | |||
Comments