World Bank Prototype Carbon Fund Agreement Extended Through 2023
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The World Bank’s Prototype Carbon Fund extended an agreement until as late as 2023 to help govern the syndicate including six governments and 16 companies.
“Diverging interests among PCF participants surrounding the extension of the PCF instrument beyond 2014 were overcome to reach a mutually beneficial solution,” said Martin Lawless, chairman of the fund and London-based global head of environmental financial products at Deutsche Bank AG.