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

Countries
  • Philippines
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
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 7, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of the Philippines
The holder of the loan, grant, or other investment.
Sectors
  • 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, converted to USD$. Please see updated project documentation 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
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
  • World Bank (WB)
Climate investment funds 0.41 Million USD.
Contact Information
Land Bank of the Philippines (LBP) Contact: Prudencio Calado III Title: Manager Tel: 09189087705 Email: pcalado3@mail.landbank.com 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 ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.