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The PAF is an innovative climate finance mechanism designed to stimulate private investment in projects that reduce greenhouse gas emissions.
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Building on PAF's success, the World Bank's Climate Auctions Program is evaluating opportunities for replication and scale-up across a range of sectors, including the Nitric Acid Climate Auctions Program (NACAP).
Please take a look at PAF's most recent publications, including:
- Climate Auctions: A Market-Based Approach to National
- The Potential for Climate Auctions as a Mechanism for
2021 PAFERNs Redemption Read more >>
PAF Summary of Results Read more >>
2020 Redemption Results Read more >>
Auctions, the Nobel Prize and Climate Read more >>
Awards and Recognition
Environment Finance Deal of the Year Read more >>
mtn-i Editor's Award Read more >>
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