Scaling Climate Action by Lowering Emissions (SCALE), a multi-donor fund, seeks to catalyze transformative climate action by deploying Results-Based Climate Finance, helping to bridge the financial gap by supporting countries to access international carbon markets. Read more
The Scaling Climate Action by Lowering Emissions (SCALE) 2024 Annual Report highlights the fund's progress and vision as the World Bank¡¯s next-generation platform for results-based climate finance. In its first year of operations, SCALE has allocated grants to over 20 country and regional programs, supporting Natural Climate Solutions to protect forests, restore landscapes, and advance sustainable land use, as well as Sustainable Infrastructure Solutions to drive energy transitions and renewable energy scale-up. These efforts lay the groundwork for generating high-integrity carbon credits, expanding access to international carbon markets, and unlocking transformative climate finance. Backed by global partners, SCALE is driving systemic change for a low-carbon future.
To understand what policy crediting is and how it works in terms of results-based climate finance, we sat down with Nuyi Tao, Senior Climate Finance Specialist with the World Bank¡¯s Transformative Carbon Asset Facility (TCAF) and Maksudjon Safarov, Senior Energy Specialist at the Bank.
