MDG Carbon Facility | The Facility in Brief

CARBON FINANCE FOR SUSTAINABLE DEVELOPMENT

THE FACILITY

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THE FACILITY IN BRIEF

Expanding access to carbon markets

The MDG Carbon Facility is an innovative means of harnessing the vast resources of the carbon market in order to bring long-term sustainable development to a more diverse share of developing countries. Launched in June 2007, the Facility offers emission reduction projects within a comprehensive package of project development services. A mere four years later and the Facility has assisted LDCs in implementing a host of climate interventions while leveraging millions of dollars in independent investments via carbon markets.

UNDP provides technical assistance, helping project proponents conceive projects that reduce greenhouse gas emissions, and ensuring that these projects meet the Kyoto Protocol’s agreed standards while delivering benefits to the environment and broader human development.

The Facility operates within the framework of the Clean Development Mechanism and Joint Implementation, the market-based mechanisms under the Kyoto Protocol that allow developed countries to meet their compliance targets by financing greenhouse gas emission reduction projects located in other countries.

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FACILITY'S MISSION

The Facility has three principle goals:

Improving access to carbon finance by enabling a wider range of developing countries and project types to participate — particularly in those countries that are currently under-represented in the carbon market.

Promoting emission reduction projects that generate additional sustainable development and poverty reduction benefits, thereby contributing to all MDGs.

Scaling up carbon finance and emissions reduction projects to encourage maturation of carbon markets to ensure a sustainable market sector for similar interventions in the future.

Expanding access to carbon markets

The MDG Carbon Facility brochure