World Bank pledges $5.52 million for carbon finance project

The World Bank will provide $5.524 million (of which $2.869 million long-term debt) to proposed Carbon Finance project "Lahore Composting" (Saif Group, Pakistan, the sole owner of Lahore Compost Ltd-LCL) to avoid generation of methane emission from biodegradable wastes and improve cultivated land by using compost as a natural soil conditioner.