Our Vision
The program envisions a global transition toward low-carbon, climate-resilient development in which countries are equipped to meet their nationally determined contributions (NDCs) and broader climate commitments. Achieving this transition requires mobilizing finance at scale, extending beyond traditional sources of public funding. Leveraging private capital, transparent market mechanisms, and effective institutional frameworks is essential to accelerate decarbonization and resilience.
According to recent research, if designed well, international cooperation of market and price-based instruments could reduce the cost of implementing countries' NDC by more than half, or remove as much as 5 gigatonnes of carbon dioxide (GtCO2) a year in 2030, at no additional cost. |
What We Do
The program supports client countries in achieving their climate targets by facilitating the development of next-generation climate markets. Its activities are designed to deliver practical, country-driven solutions that align with national priorities and enable stronger outcomes. Key areas of engagement include:
- Piloting programs and initiatives that generate verified mitigation outcomes, which countries may apply toward their NDCs or in the context of international cooperation;
- Developing and implementing robust systems—including digital infrastructure and safeguards—to track results, prevent double counting, and ensure environmental integrity;
- Designing financial and risk-management instruments that address uncertainties and enhance the viability of climate market transactions in client countries;
- Facilitating policy dialogue and capacity building to strengthen the regulatory, governance, and institutional arrangements required for effective participation in climate markets.
Why This Matters
By equipping client countries with the necessary tools, institutional capacity, and financial mechanisms, the program aims to:
- Reduce the overall cost of achieving national and international climate objectives;
- Strengthen transparency, credibility, and confidence in climate market transactions;
- Ensure that the benefits of market participation accrue directly to countries undertaking ambitious mitigation measures;
- Support the development of scalable, equitable, and high-integrity climate markets consistent with the global imperative to limit warming and enhance resilience.