Evaluation of UK’s Carbon Market Finance Programme

Through the Carbon Market Finance Programme, the UK government is providing £50 million to increase the flow of international carbon finance to Least Developed Countries (LDCs) – with a focus on Africa. The aim is to support climate change mitigation and poor peoples' access to clean energy and other poverty reducing technologies. By channelling this support through carbon result-based finance, the programme will increase the ability of LDCs to access and benefit from carbon finance in the medium to long term. The programme is being implemented through the World Bank and its Ci-Dev Initiative.

Ecofys and LTS International have been contracted as programme evaluators over the length of the programme, starting in January 2015. The overall purpose of the evaluation is to contribute to global evidence on whether carbon markets are an effective way to deliver development benefits as well as emissions reductions. Over these 11 years, the evaluation will include the design of the evaluation (Inception Report); the establishment of baselines; regular, shorter interval reviews; and a first formative evaluation (2016), a mid-term evaluation (2020) and a final evaluation (2025). The evaluation will enable continuous improvement of the programme and will help inform future market mechanisms.

Contact

Noémie Klein
Climate Strategies and Policies
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Jialiang Zhang
Climate Strategies and Policies
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Village and market in Sierra Leone © freeimages.com/Dave Dyet