UK - Department for Business, Energy and Industrial Strategy
Transformative Carbon Asset Fund (TCAF)
Project Data Last Updated: 30/04/2021
IATI Identifier: GB-GOV-13-ICF-0027-TCAF
The Transformative Carbon Asset Facility will target sector or policy wide programmes where the implementing country is planning to take climate mitigation action. This could be via regulations, fiscal policies, feed-in-tariff or incentives. As long as these plans are in line with the TCAF programme selection criteria, in collaboration with the implementing entity (normally a Government ministry) TCAF will design a methodology that pays for the verified emissions reductions of the programme above its intended ambition, giving targeted support to unlock the barriers to allow the increased ambition to be realised.
|Accountable:||UK - Department for Business, Energy and Industrial Strategy|
|Extending:||UK - Department for Business, Energy and Industrial Strategy|
|Funding:||UK - Department for Business, Energy and Industrial Strategy|
|Implementing:||The World Bank|
Sectors groups as a percentage of country budgets according to the Development Assistance Committee's classifications.
A comparison across six financial years of forecast spend and the total amount of money spent on the project to date.
ODA measures in relation to their realisation of OECD development policy objectives