What is missing, however, is the financing needed to achieve these goals. Carbon markets and results-based carbon and climate finance, which pays for emission reductions once they are achieved, have huge potential to help meet this financing challenge. The quickly evolving carbon market ecosystem, however, has many rules, requirements, players, and priorities. The government of Vietnam has requested World Bank Group support in navigating this complexity and identifying opportunities to access carbon finance and market opportunities.
“Vietnam is on the frontlines of the climate crisis, with increasingly destabilized water and food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition.”
Deadline: 12-Apr-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
Objective: An independent evaluation of NCM activities supported by SECO is proposed. The purpose of this evaluation is to: Evaluate the NCM initiative and its outputs against its objective of supporting post-2020 climate markets through the operationalization of Article 6 of the Paris Agreement; Evaluate the contribution of NCM activities shaping work programs towards operationalizing Article 6 and the use of market instruments to enhance ambition of climate action at the World Bank; Assess the use of SECO funding towards the achievement of NCM objectives; Inform future program development based on results achieved thus far.
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