| Financier | Commitments |
|---|---|
| PROTOTYPE CARBON FUND | 930.96 |
China HFC-23 Emissions Reduction and Sustainable Development Benefits Project
Development Objective
1. The project will help China to participate in global efforts to mitigate climate change by reducing its HFC-23 emissions, and todeepen its participation in market mechanisms for ERs under the CDM during Kyoto's first commitment period (2008-12).
2. The project will also assist China to create a legal, regulatory and institutional environment for utilizing a portion of carbon finance revenues generated by the project for implementing programs to generate sustainable development focused on climate change.
Key Details
Project Details
P094388
Closed
Juha Antti Kalevi Seppala
N/A
October 28, 2005
(as of board presentation)
December 19, 2005
January 31, 2006
US$ 930.96 million
N/A
2006
US$ 930.96 million
B
Not Applicable
June 30, 2014
BANK APPROVED
December 19, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 930.96 |
| Total Project Cost** | 930.96 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Counterpart Funding | Satisfactory | 2012-12-10 |
| Overall Implementation Progress (IP) | Satisfactory | 2012-12-10 |
| Project Management | Satisfactory | 2012-12-10 |
| Progress towards achievement of PDO | Satisfactory | 2012-12-10 |
| Monitoring and Evaluation | Satisfactory | 2012-12-10 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
This project is expected to lead to emission reductions about 129.3 million TCO2 e. Value 0.00 97.59 129.30 Date June 30, 2006 November 1, 2012 December 31, 2012 Comment Data related to actual ERs generation are regularly recorded by the monitoring reports and cross-checked by Designed OperationalEntities through document reviews and site visits. The estimate is based on the baseline survey and ex-ante ERs calculation usingCDM methodology of AM0001 V3 Incineration of HFC 23Waste Streams. The actual delivery is reflected by the periodic monitoring plan verified by Designed Operational Entities.
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Provide the Government of China with a framework to utilize a portion of CarbonFinance revenues for sustainable development activities. Value 0.00 1750.00 1500.00 Date June 30, 2006 November 1, 2012 December 31, 2012 Comment The China Clean Development Mechanism Fund (CDMF), partly funded by the proceeds of a levy equivalent to 65%of all revenuesaccruing from the sale of HFC-23 emission reductions, was created as planned. The objective of the CDMF is to support domesticclimate change related activities by TA, research and development,and climate change mitigation investment The size of the ChinaCDM Fund was about US$1.5 billion at the end of 2011, and will continue to nearly $2 billion by the end of 2012.