May 2026 Newsletter

The latest news from the World Bank’s trust funds supporting results-based climate finance in sustainable forestry and land use

Forest conservation opens opportunities for women in the Dominican Republic

  

A new World Bank video highlights women at the heart of sustainable coffee production in Dominican Republic who are improving livelihoods while promoting a healthier environment.  


More than 50,000 families in the Dominican Republic depend on coffee growing for their livelihoods. The Dominican Republic’s Emissions Reduction Program, with support from the Forest Carbon Partnership Facility (FCPF) and Enhancing Access to Benefits while Lowering Emissions (EnABLE) trust funds, rewards forest conservation with payments that translate into training and new job opportunities, especially for women. 

UN Aviation Organization approves FCPF and ISFL Standards for CORSIA


The International Civil Aviation Organization (ICAO) Council has approved the FCPF and the BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) standards as eligible programs under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) for Phase 1 (2024-2026). 


For FCPF and ISFL participating countries, ICAO's approval enables CORSIA-eligible credits to be used for compliance purposes, offering a potential pathway to mobilize revenue from their high-integrity carbon credits.

SCALE tackles the world’s most potent greenhouse gas

  

In partnership with the World Bank’s Energy Sector Management Assistance Program and the German Agency for International Cooperation, the World Bank’s Scaling Climate Action by Lowering Emissions (SCALE) trust fund has launched a program to help reduce greenhouse gas emissions from the use of sulfur hexafluoride. 


Sulfur hexafluoride is an insulation gas commonly used in high-voltage equipment like circuit breakers and gas-insulated switchgear in power grids. It is the most potent known greenhouse gas, with a global warming potential 23,000 times that of CO₂.  


The program will provide technical assistance to interested countries on sulfur hexafluoride leakage, prevention and substitution. It will also help SCALE-supported countries to prepare and pilot carbon crediting for sulfur hexafluoride emission avoidance. 

EnABLE supports Caribbean Regional Knowledge Exchange for Indigenous Peoples and local communities  


A recent Caribbean Regional Knowledge Exchange for Indigenous Peoples, Afro-descendent Peoples, and local communities brought together leaders, community representatives, and partners to focus on advancing land and territorial rights. Hosted in Punta Gorda, Belize, the exchange also explored expanding direct access to climate and conservation finance, and navigating opportunities and risks associated with carbon markets.   


The event was organized by the Julian Cho Society and the Toledo Alcaldes Association, with support from the Community Land Rights and Conservation Finance Initiative, and the World Bank’s EnABLE trust fund.  

Climate action that delivers for people: Lessons from Zambia's Eastern Province  


In a new ISFL blog, World Bank Climate Finance Specialist Marcela Portocarrero-Aya highlights how Zambia’s Eastern Province sustainable landscapes program turns carbon finance into real-world benefits for communities, generating verified emission reductions while improving livelihoods, agriculture, and forest management.


Building on years of investment, the program has helped about 73,000 farmers boost yields and incomes—even during drought—while creating revenue streams that will flow back to local people. It shows that large-scale climate initiatives can simultaneously reduce emissions and strengthen resilience when they are designed around community needs.

Brewing carbon credits like a barista: Mobilizing development finance through carbon markets  


In the fast-paced world of climate finance, crafting a high-integrity carbon credit mirrors the skillful work of a barista preparing the perfect espresso. It takes premium beans, the right brewing equipment, and a barista with a discerning touch, blending flavors into a cup that customers worldwide can trust and savor.  


The World Bank Group has played a central role in carbon market development: designing crediting methodologies, structuring carbon programs and supporting countries to generate and issue high-integrity carbon credits to be purchased by its carbon funds including the FCPF and ISFL. Today, the World Bank Group is evolving its role in the carbon value chain, working alongside countries as they take the lead in generating high-integrity credits and connecting them to carbon markets that can command premium value.

Beyond Forests

Updates from World Bank results-based climate finance and carbon markets initiatives

Registration open for Innovate4Climate 2026


The World Bank’s annual conference on carbon pricing and carbon markets, Innovate4Climate (I4C), is happening over three days in Singapore from May 20–22 2026. 


As carbon pricing and carbon markets move from design to delivery, I4C 2026 will bring together policymakers, investors and market participants to focus on practical implementation and concrete market opportunities.


Held alongside Ecosperity Week 2026, I4C 2026 offers a unique opportunity to connect regional momentum in Asia with global expertise in climate policy, markets, and finance. 

ASCENT Carbon Days event unpacks opportunities in Eastern and Southern Africa


Translating energy access programs into high-quality carbon credits that can be monetized requires a level of technical capacity and cross-institutional coordination that most countries are still building.  


With support from SCALE, among other World Bank programs, the Common Market for Eastern and Southern Africa (COMESA) recently co-hosted a three-day workshop in Nairobi, Kenya, to help bridge that gap.


The ASCENT Carbon Days event brought together delegations from nine countries to deepen their understanding of how their existing energy access programs can also mobilize carbon finance through the generation of high-quality carbon credits.

Connect with us

Scaling Climate Action by Lowering Emissions


Forest Carbon Partnership Facility (FCPF)


BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL)


Enhancing Access to Benefits while Lowering Emissions (EnABLE)



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All dollars are U.S. dollars unless otherwise indicated.

Newsletter photo credits: EnABLE Caribbean Knowledge Exchange photo courtesy of the Caribbean Indigenous Peoples, Afro-descendent, and Local Communities Regional Knowledge Exchange; ISFL Zambia blog photo courtesy of Marcela Portocarrero Aya/World Bank 2026; ASCENT Carbon Days photo courtesy of COMESA; all other photos courtesy of World Bank or partners and used with permission or purchased stock.