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The Challenge of Low-Carbon Development - World Bank Internet ...

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Chapter 4eVAluATioN HigHligHTS• Bus rapid transit systems <strong>of</strong>fer good returnsin reduced travel time, congestion, and airpollution, with carbon cobenefits.• Targeting, price-setting, and financial sustainabilityare major challenges for forest projectsusing payments for environmental services.• <strong>The</strong> Bio<strong>Carbon</strong> Fund has helped catalyzethe forest carbon market but has hadimplementation problems.• Protected areas have been effective in reducingtropical deforestation, especially wheresustainable use is permitted; indigenous areasare even more effective.• IFC investments in the Amazon did notcatalyze deforestation, but neither did theycatalyze widespread changes in industrypractice.Photo by NASA, used courtesy <strong>of</strong> NASA; found at Visible Earth (http://visibleearth.nasa.gov/view_detail.php?id=1598).

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