通过基于成果的气候融资为发展提供资金（英）

August 2025KNOWLEDGE NOTE SERIES FUNDING DEVELOPMENT THROUGH Development outcomes such as job creation, clean energy access, and sustainable agriculturedrive a global effort to bolster growth along sustainable and climate-resilient pathways, but sig-nificant funding gaps are hampering progress. Results-based climate finance (RBCF) can play an carbon credits by a carbon crediting standard. Acarbon credit represents a verified reduction or re-moval of emissions equivalent to one metric ton of What is RBCF?RBCF refers to financing provided once pre- agreed climate results are achieved and verified.Such climate results can vary, as can the financinginstruments used under RBCF. Examples of cli-mate results include hectares of forest protected,renewable energy capacity installed or renewableenergy generated, or coastal protecting seawallsbuilt. Examples of financing instruments that can be While carbon crediting under RBCF is technicallyvery similar to carbon crediting under carbon marketmechanisms, there are important differences. RBCFpays for emission reductions or removals that canstay in the countries hosting the underlying mitiga-tion projects to help meet their climate targets. Theproject entity that paid for the generation of thecarbon credits does not need to transfer title overthe carbon credits to the RBCF provider. On theother side, carbon market transactions are about Climate Finance A project implementing entity can then receive up to$10 million annually over 10 years if the project per-forms as expected. This revenue stream is in additionto commercial revenues the project might generate How does RBCF work?Carbon crediting under RBCF provides countries with a forward contract to pay for carbon credits upondelivery. This can be implemented through an EmissionReductions Payment Agreement (ERPA) or through dis- STEP 4:Send payment from RBCF providers suchas World Bank trust funds to the program entity(generally a developing country government) fortons of verified and certified greenhouse gas emis- STEP 1:Identify projects or activities to reducegreenhouse gas emissions that are not yet imple-mentable due to a viability gap while adhering to STEP 2:Develop the project or activity into a car-bon crediting program and sign an ERPA. STEP 5:Ensure social inclusion throughout the proj-ect cycle and benefit sharing where relevant, as withtraditionally marginalized groups such as Indigenous STEP 3:Measure, report and verify resulting emissionreductions through rigorous Measurement, Report-ing, and Verification (MRV) systems to ensure theintegrity of the carbon credits being generated and The World Bank Climate Finance Mobilization Unitprovides RBCF to developing countries in the form of Figure 1. Key Steps of Monetizing Carbon Credits through RBCF.Source: World Bank Group