The World Bank intends to introduce a certification mechanism for carbon credits generated by forestry projects in the coming months, which will aim to increase the credibility of carbon markets. As it was, the reputation of carbon credits suffered a series of severe blows last year as investigations questioned their quality and ability to provide a meaningful impact on the climate.  Yet there is a glaring, widely acknowledged need to channel funds to poorer regions, which Banga believes can only be achieved by increasing the transparency and credibility of voluntary carbon markets (VCMs). According to its new president, the World Bank plans to create credible, better-priced loans that will allow resources to “move in the right direction.” The announced move will not only help bring more structure to the VCM, but is part of Banga’s strategy to reform the nearly 80-year-old financial institution, to which he was elected by the bank’s board of governors earlier this year. (Violet George)