Skip to content
Subscriber Only

World Bank Unit Says Carbon Fund May Shrink After Falling Prices

A World Bank Group unit says its fund for investing in carbon projects that generate emissions credits after 2012, when the first commitment period of the United Nations’ Kyoto Protocol ends, will probably shrink.

The International Finance Corp. said its Carbon Facility Fund, which had raised 150 million euros ($198 million) when it closed in June, was suspended by November after plummeting UN offset prices triggered a measure to protect projects supplying the credits. Investors will probably scale back their commitments to the fund, according to the corporation.