Newly appointed World Bank President Ajay Banga has unveiled plans to launch a mechanism for certifying forest carbon credits in the coming months. His mission is to revolutionize the bank's operations while increasing the credibility and transparency of voluntary carbon markets. Banga stressed the urgent need to redirect resources from rich countries to less prosperous regions to address climate-related issues.  Speaking to a large audience at the Singapore FinTech Festival, Banga stressed that achieving this goal cannot rely solely on taxation or calls for financial contributions from richer countries due to political barriers. Instead, Banga suggested that strengthening trust is key.  voluntary carbon markets . (Jennifer L, carboncredits.com)