Clean Energy

Carbon Market Initiative

The carbon market is an effective tool to address two of the most pressing issues of our time: energy security and climate change. It was created as a mechanism to boost the viability of alternative clean energy sources in developing countries and, at the same time, to assist developed countries in meeting their commitments under the Kyoto Protocol to reduce emissions of greenhouse gases.

There are currently numerous public and private carbon procurement programs in the market. Most of these existing schemes, however, provide payment only upon project completion and when the carbon credits are delivered. As a result, many clean energy projects, especially in developing countries, face a critical upfront financing gap that prevents them from being undertaken in the first place.

The Carbon Market Initiative (CMI) was established to support sustainable development goals of DMCs, address global climate change concerns, and assist developed countries to meet their emissions reduction commitments. CMI will provide a project co-financing facility, carbon credit marketing program, and technical support for project preparation and implementation of CDM-eligible projects and their developers.

Learn more about the Carbon Market Initiative:

• Asia Pacific Carbon Fund
• Technical Support Facility
• Credit Marketing Facility