COP28: World Bank eyes Q1 auction of REDD credits under FCPF programme, expects 126 mln issued by 2028

The World Bank plans to conduct an initial auction of carbon credits generated via select Forest Carbon Partnership Facility (FCPF) countries by the end of Q1 next year, as it pursues a scaling up of the programme to a value of $2.5 billion and considers other sectors for future credit generation.