The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including decommissioning coal-fired power plants.
said it has identified three areas that are particularly well suited to such results-based financing: natural climate solutions based on agriculture, forestry, land-use
and oceans; sustainable infrastructure such as energy and transport; and fiscal and financial solutions that directly or indirectly mobilize resources for climate actions.
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