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Evaluation of Carbon Market Finance Programme

The GBP 50 million CMFP represents a highly innovative, large, and timely intervention to increase the flow of international carbon finance to least development countries with a focus on Africa.

It is widely accepted by the international community that there is limited evidence for how carbon market financing can deliver development benefits, particularly benefits at a community and household level. The CMFP aims to explore if the carbon market can deliver better for the poor by testing new business models to support low carbon investment in Africa using carbon finance.

LTS is the lead evaluator of the CFMP, over an 11 year period (2014-2025). The scope of the evaluations will cover activities supervised by the World Bank Carbon Initiative for Development (Ci-Dev) through the two trust funds – the Ci-Dev Readiness Fund and the Ci-Dev Carbon Fund. LTS will closely track 20 or so pilot interventions in Uganda Tanzania, Ethiopia, Rwanda, Mali and Nigeria covering off-grid energy, biogas and water purification. The evaluation deliverables include: inception report (after 6 months), biannual reports of M&E data; ongoing evaluation reports; 1st formative evaluation report (by 2016); mid-term (formative) evaluation report (by 2019); a final evaluation report (by 2025).

LTS will use evaluation best practice to inform our evaluation design and mixed method approach that includes: process tracing and outcome mapping, portfolio analysis, policy analysis, small sample surveys, in-country quasi-experimental quantitative surveys, economic analyses and value for money assessments, meta analyses of the substantial clean development mechanism data, and country and project case studies.

Image credit: Brendan Howard

Service areas:
climate change