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How does the World Bank handle carbon credit?

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What is holding carbon markets back? In a simple word: trust. Sellers need to be assured their efforts will be fairly rewarded, buyers need to feel confident in the regulatory framework, environmental integrity of the credits they purchase, and overall, there needs to be confidence that the global carbon market architecture is well-functioning and able to yield mitigation results at scale.  


The good news is that substantial work has been done to find solutions for each of these concerns, and possible landing zones exist. But much more needs to happen to deliver trusted and transparent carbon markets. 


See how the Bank approaches the monitoring, reporting and verification of carbon credits:

Measurement, Reporting, and Verification (MRV) is a very important part of producing verified, responsible emission reduction credits that buyers can be confident in. However, it can be a complex process. Learn why MRV is important, what each step of the process entails, and how the World Bank is supporting technological innovations to transform it.


More info available at the official website:

https://www.worldbank.org/en/news/immersive-story/2023/12/01/climate-action-game-changers-carbon-markets

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