A new brief published by the World Bank group explores climate auctions as a new alternative in the decision making process of allocating public funding to commercially developed mitigation projects. It argues that climate auctions can competitively allocate public funding, ensure transparency in selection processes and efficiency in leveraging investment. They can be an effective tool for achieving climate outcomes and therefore accelerate NDC implementation.

The brief explains how climate auctions work and the conditions under which they work most effectively, such as situations where insufficient or uncertain revenue are blocking commercial investment, or for activities with high (long-term) abatement potential.

Please refer to the brief, available through this link.