Who We Are | TCAF

About TCAF

The Transformative Carbon Asset Facility (TCAF) assists and incentivizes countries to raise their climate ambitions by implementing economy-wide or sectoral policies and programs that create conditions for private sector investments in low-carbon technologies.

Operational since 2017, and with $210 million capital, TCAF helps inform international climate negotiations with lessons learned through its engagement with developing countries.

TCAF Brochure

Participating Organizations

Canada The Canadian Department of Environment and Climate Change contributed 3,000,000 CAD for the initiative to combat climate change.

Germany The Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) contributed 2,000,000 US dollars for the initiative to combat climate change.

Norway The Royal Norwegian Ministry of Climate and Environment contributed 80,000,000 US dollars for the initiative to combat climate change.

Sweden - Energy Agency The Swedish Energy Agency contributed 25,000,000 US dollars for the initiative to combat climate change.

Switzerland - SECO Switzerland State Secretariat for Economic Affairs (SECO) contributed 12,500,000 US dollars for the initiative to combat climate change.

Climate Cent Foundation The Climate Cent Foundation (CCF - Switzerland) contributed 12,500,000 US dollars for the initiative to combat climate change.

United Kingdom The Department of Energy Security and Net Zero.

Government of Spain The Kingdom of Spain contributed 4,000,000 Euros for the initiative to combat climate change.

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.