To help launch the Transformative Carbon Asset Facility (TCAF), Carbon Limits developed key process documents and the supporting framework , taking into consideration key principles such as no double counting, net mitigation, baseline and MRV approaches, and the need to assess the transformational impact of programs. The documents developed by Carbon Limits included:
- Program Information Note (PIN) Template
- PIN Assessment Framework
- Program Design Document Template
- Project Selection Assessment Framework
To develop these documents, the team first reviewed the project approval process and selection criteria of other key climate and carbon financing institutions (e.g. the Green Climate Fund, various World Bank funds, Climate Initiative for Development), other energy result-based financing facilities, as well as the World Bank’s internal loan approval procedures. The project involved extensive interaction with client and fund contributors.