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To add to Cathy's comments above, the Community Development Carbon Fund (CDCF) is one of ten funds and facilities that the Carbon Finance Unit (ENVCF) of the World Bank administers. These funds provide financing to projects in the developing world that are reducing greenhouse gas emissions by buying the "carbon credits" that are generated by the projects. The CDCF, a public/private initiative, became operational in March 2003. The first tranche of the CDCF is capitalized at $128.6 million with the participation of nine governments and 16 corporations/organizations. The CDCF supports projects that combine community development attributes with emission reductions to create "development plus carbon" credits, and significantly improve the lives of the poor and their local environment. In the case of the Nepal Biogas project, each biogas plant can reduce 4.6 tonnes of carbon dioxide (or its equivalent, CO2e) annually. The project will generate a total of approximately 6.5 million tCO2e during the crediting period of 10 years. The CDCF will purchase a minimum of 1 million tCO2e, with the potential of additional purchases. Historically, the provision of subsidies was a key element in making these biogas plants accessible to poor households but revenue from the CDCF will reduce the dependency on large government and external donor subsidies, and will help expand the biogas installation to more remote and poorer areas of Nepal. For more information on all of the Carbon Finance Unit's funds and facilities, please see: