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Financial Intermediary Funds (FIFs)

Pilot Auction Facility (PAF)

The Pilot Auction Facility for Methane and Climate Change Mitigation (PAF) is an innovative climate finance model developed by the World Bank Group to stimulate investment in projects that reduce greenhouse gas emissions while maximizing the impact of public funds and leveraging private sector financing. Its results-based payment mechanism will set a floor price for future carbon credits in the form of a traceable put option, which will be competitively allocated via auctions. Fund Website »