Experts

Joëlle Chassard manages the World Bank's carbon finance business, a portfolio of 10 carbon funds and facilities with participations from 16 governments and 65 companies totaling $2.1 billion. The funds purchase carbon credits from projects in the Bank's client countries, under the flexible mechanisms of the Kyoto Protocol--the Clean Development Mechanism in developing countries and Joint Implementation in countries with economies in transition.

Joëlle is overseeing the establishment of two new carbon facilities that will respectively scale up carbon finance as a means to facilitate the transition to a low-carbon economy in the Bank's client countries (the Carbon Partnership Facility; anticipated starting size: $500 million) and test approaches to address the issue of carbon emissions from deforestation and forest degradation (the Forest Carbon Partnership Facility; targeted size: $300 million). Both facilities include a carbon fund to purchase credits and a program preparation fund to assist in the development of carbon assets.