Climate change is a threat to globaldevelopment and to the core Mission of the World Bank Group.With the recognition that human activity drives globalwarming, the World Bank Group has pursued a long-termcommitment to curb global greenhouse gas (GHG) emissions formore than 20 years. The purposes of this evaluation are toassess the role and contributions of the Bank Group in CF inrelation to the needs and priorities of itsclientcountries and its potential comparative advantages, and todraw lessons to inform the World Bank Group’s futurestrategic direction in CF. The evaluation aims to answerthefollowing overarching question: What has been thestrategic objective, nature of engagement, and contributionof the Bank Group in supporting CF? What lessons can bedrawn from this to inform the Bank Group’s strategicdirection in supporting the next generation of marketbasedcarbon mitigation activities, given its potentialcomparative advantages?