Results, Impact, and Lessons Learned ROLLOUT OF THE STANDARDIZEDCREDITING FRAMEWORK— Results, Impact, and Lessons Learned Contents Executive Summary........................................................................................................................................................................................ 51.Context and Strategic Rationale........................................................................................................................................................72.TheSCFin Action.....................................................................................................................................................................................73.Mobilizing Carbon Finance and Bridging the Gap......................................................................................................................... 94.Building the National Carbon Market Ecosystem....................................................................................................................... 115.Key Lessons Learned........................................................................................................................................................................... 126.Strategic Advantages of theSCFRollout..................................................................................................................................... 157.Looking Ahead: Programmatic and Country-Specific Work Needed.................................................................................. 16Appendix A. Standardized Crediting Framework Governance Established in Countries as of December 31, 2025.................. 17 © 2026 International Bank for Reconstruction and Development / The World Bank1818 H Street NWWashington DC 20433Telephone: 202-473-1000Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusionsexpressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or thegovernments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does notassume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of orfailure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and otherinformation shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legalstatus of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunitiesof The World Bank, all of which are specifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this workmay be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. List of Abbreviations and Acronyms Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The WorldBank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. Cover photos:The World Bankmihtiander/Getty Imagesmtcurado/Getty Imageszorotoo’s Images/Getty ImagesMpi/MPfoto71 Cover design and layout: Alybek Ismailov implementation delays and the importance of embed-ding new crediting mechanisms within existing nationalclimate governance structures. In several countries,limited institutional capacity—combined with thenovelty of the Article 6 authorization concept and lackof international clarity on its implications—led to themistaken assumption that theSCFincluded authori-zation processes for corresponding adjustments. Thismisconception was understandable,becauseauthoriza-tion was being defined internationally,butit introducedsignificant delays,becauseauthorization carries polit-ical sensitivities distinct from theSCF’s technical andoperational nature. Clearly defining and communicatingprogram scope upfront is critical to avoidingsimilar mis-understandings and ensuringsmooth implementation. Executive Summary Low-income countriescan implementclean energyaccess projects with substantial climate mitigationimpact and high development benefits. Yet these coun-trieshavelimited access to carbon marketsbecauseofcapacity constraints and international regulationsthat donot reflect their circumstances. The globalcarbon market has undergone profound transformationwith the shift from the Kyoto Protocol’s Clean Develop-ment Mechanism (CDM) to the Paris Agreement’s Article6 frameworks, whichcreated a significant operationalgap, threatening the continuity of results-based climatefinance for high-impact developm