Climate auctions are an innovative climate finance mechanism, with high potential to support nationally determined contribution (NDC) implementation and deepening through efficiently leveraging private investment. The World Bank has developed the climate auction model through the work of the Pilot Auction Facility for Methane and Climate Change Mitigation (PAF). The PAF delivered cost-effective methane and nitrous oxide abatement by offering publicly-funded...
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2018/12/10
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2018/12/10
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The Potential for Climate Auctions as a Mechanism for NDC Implementation
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Pilot Auction Facility
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