碳信用：一种基于成果的筹集额外气候融资的方法（英）

A Results-based Approach to MobilizingAdditional Climate Financing © 2025 The World Bank 1818 H Street NW, Washington DC 20433Telephone: 202-473-1000; Internet: www.worldbank.orgSome rights reserved. This work is a product of The World Bank. The findings, interpretations, andconclusions expressed in this work do not necessarily reflect the views of theExecutive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency ofthe data included in this work and does not assume responsibility for any errors,omissions, or discrepancies in the information, or liability with respect to the use ofor failure to use the information, methods, processes, or conclusions set forth. Theboundaries, colors, denominations, links/footnotes and other information shown inthis work do not imply any judgment on the part of The World Bank concerning thelegal status of any territory or the endorsement or acceptance of such boundaries.The citation of works authored by others does not mean the World Bank endorsesthe views expressed by those authors or the content of their works. Nothing herein shall constitute or be construed or considered to be a limitationupon or waiver of the privileges and immunities of The World Bank, all of which arespecifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bankencourages dissemination of its knowledge, this work may be reproduced, inwhole or in part, for noncommercial purposes as long as full attribution to thiswork is given. Attribution Please cite the work as follows: “World Bank.2025.Carbon Crediting – A results-based approach to mobilizing additional climate financing. © World Bank.” Any queries on rights and licenses, including subsidiary rights, should beaddressed to World Bank Publications, The World Bank, 1818 H Street NW,Washington, DC 20433, USA; fax: 202-522-2625; e mail:pubrights@worldbank.org. The development of this report was led by the World Bank and prepared byexperts from the World Bank and Climate Focus. The World Bank task team responsible for this report was composed of: KlausOppermann, Joseph Dickmann, and Yuejiao Wan. The Climate focus team included: Carolina Inclan, Mauriz Schuck, Laura Sepulveda,Imogen Long, and Sandra Greiner. Design and layout: Elisa Perpignan. This report benefited greatly from the insights and contributions from: AndresEspejo; Arun Singh; Chie Ingvoldstad; Dan Radack; Efrian Muharrom; IsabelleBlouin; Jason Smith; Joseph Pryor; Kym Smithies; Loic Braune; Maya Woser; OlivierMahul; Pierre Guigon; Roy Parizat; and Zarina Azizova. This report has been developed as part of the Technical Work Program of theTransformative Carbon Asset Facility (TCAF). FOREWORD Carbon crediting is increasingly seen as a promisingtool for mobilizing financing for development.In a world where development aid is shrinking,carbon crediting provides an alternative avenue fordebt-neutral funding, helping countries achieve theirclimate goals while fostering long-term sustainabledevelopment. crediting approach. It explores how different modelscan be used to incentivize actions across sectors, fromlandfill gas projects to forest conservation, and howthey can help reduce the financing gap for climateprojects. As the landscape of carbon crediting evolves, thisreport serves as a reference for program entities,policymakers, and practitioners who are navigatingthe complexities of these financing mechanisms.It offers insights into how carbon crediting can beeffectively integrated into development plans withclimate benefits, ensuring that investments not onlygenerate financial returns but also deliver real andmeasurable impact that benefits vulnerable people. This report takes a deep dive into various creditingapproaches—from project-based to the more recentpolicy and other scaled-up crediting models. Whetheryou’re involved in a specific mitigation project orworking on larger-scale policy changes, this guideprovides valuable insights into which approach mightbest support your objectives. This report offers a practical look at the strengths,challenges, and applications of carbon creditingthrough a set of examples and a comparison of each I hope you find the read insightful as we continue tobuild on and mainstream these innovative solutions. Olivier Mahul, Global Manager Climate FinanceMobilization, Global Department for Climate Change,The World Bank CONTENTS Foreword3Acronyms6Glossary7 1. Introduction8How is carbon crediting framed in this report?8What is this report about?9Who is the audience for this report?9How is this report structured?9 2. Carbon Crediting Approaches102.1 Project-based crediting172.2 Programmatic crediting212.3 Jurisdictional crediting262.4 Policy crediting322.5 Sectoral crediting362.6 Economy-wide crediting39 3. Summarizing overview of the crediting approaches40Stylized features of the crediting approaches40 F