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Transformative Carbon Asset Facility (TCAF)
Who We Are

The Transformative Carbon Asset Facility (TCAF) is a World Bank trust fund that supports countries’ efforts to implement market-based carbon pricing and to create the conditions for private sector investments in low-carbon technologies.

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Approach

TCAF achieves results by tailoring financial and policy support to encourage countries to raise their climate ambitions.

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Helping countries achieve NDC targets
Helping countries achieve NDC targets
Engaging the private sector
Engaging the private sector
Informing the international process
Informing the international process

Programs

A preliminary pipeline of programs has been identified in coordination with World Bank Global Practices and Country Management Units. In addition, work on the program assessment frameworks and decision-making process for program inclusion are well advanced.

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Knowledge Center

TCAF has developed significant expertise assisting and incentivizing countries in raising their climate ambitions by implementing economy-wide or sectorial policies and programs that create conditions for private sector investments in low-carbon technologies.  TCAF is committed to sharing knowledge and understanding to further help countries achieve their climate ambitions.

Climate Explainer Series
May 2024
Others
What You Need to Know About Results-Based Climate Finance
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https://www.worldbank.org/en/news/feature/2022/08/17/what-you-need-to-know-about-results-based-climate-finance
EN
Transformative Climate Finance: A New Approach for Climate Finance to Achieve Low-carbon Resilient Development in Developing Countries
June 2020
Transformative Approaches
Transformative Climate Finance: A New Approach for Climate Finance to Achieve Low-carbon Resilient Development in Developing Countries
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EN
TCF report FINAL 06.16.pdf2.28 MB
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News

Explore the latest news and announcements from the TCAF.

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New World Bank Report Unpacks Carbon Crediting Approaches for Sustainable Development
April 28, 2025
New World Bank Report Unpacks Carbon Crediting Approaches for Sustainable Development
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CATS
January 30, 2025
World Bank Enhances its Carbon Asset Tracking System Platform to Boost Transparency in Emission Reductions
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June 21, 2024
Uzbekistan Receives $7.5 Million in Carbon Credits for Enabling Half a Million Tons of Emissions Reduction
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