Carbon Asset Development - Methane Recovery from Waste Management Project (WB-P152805)

  • Philippines
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 7, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Government of the Philippines
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Climate and Environment
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 0.41 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 24, 2017

Disclosed by Bank Jun 29, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The development objective of the Carbon Asset Development : Methane Recovery from Waste Management Project for Philippines is to assist Land Bank of the Philippines (LBP) with the development of carbon assets for purchase by the carbon partnership facility (CPF). The additional financing will be implemented in the following four components: (i) capacity building and technical support; (ii) marketing and communication; (iii) subproject inclusion, monitoring and verification; and (iv) project management. This project assists Land Bank of the Philippines with a small grant for the development and management of carbon assets for purchase by the World Bank under an associated project with Land Bank on Methane Recovery from Waste Management, specifically from pig farms and landfills. Land Bank has carried out a series of training and information events for its staff and its clients and is working to include additional pig farms and landfills in the program. Overall, the first year of implementation has been slower than planned and the pipeline of pig farm subprojects is currently weaker than expected. The development of landfill subprojects has been much stronger, with two agreements expected in early 2017, which can deliver the majority of the certified emission reductions from landfills that are contracted for purchase by the CPF. In the coming months, Land Bank plans to further increase the capacity building, promotional, and subproject development activities under this grant, particularly for the pig farm program.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Climate investment funds 0.41 Million USD.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Land Bank of the Philippines (LBP) Contact: Prudencio Calado III Title: Manager Tel: 09189087705 Email: ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing You can learn more about the Inspection Panel and how to file a complaint at:

How it works

How it works