The World Bank Emission Reduction Program (ERP) aims to help countries leverage the benefits of Emission Reduction Credits (ERC) markets, including increased revenue streams, reduced emissions, and improved environmental sustainability.
In this Section you will find an introduction to Emission Reduction Credits and learn how they can be a key component of a country’s strategy to attract climate finance and capital for the development and protection of communities and ecosystems.
Emission Reduction Credits Classification is relevant for how the units are transacted. ERCs can be classified by their crediting mechanism through which they are supplied and market segment characterizing where they are purchased and by the ERC activity.
Demand for ERCs spans different market segments, each with a distinct set of policy considerations. Click here to learn more about International Compliance Markets, Domestic Market-based Carbon Pricing Instruments, Voluntary Carbon Market and Results-based Finance with the purpose of incentivizing climate change mitigation or meeting Nationally Determined Contributions.
To access the Guidance for Countries in Assessing ERC Projects, Country System Assessments or the Mobilizing ERC Finance, visit the main landing page for this section: Unlocking Global Emission Reduction Credit.
