The iCRAFT project was funded by a US$46.25m grant. It was the World Bank's first policy-crediting programme and Central Asia's first Paris Agreement carbon-market initiative.
The programme was designed to disburse annually through 2028 against verified energy-subsidy reforms and emission reductions. Projected lifetime reductions were about 60m tonnes of CO2. Payments were expected for roughly 2–2.5m tonnes, leaving remaining reductions potentially available for international sale.
The programme created carbon-credit infrastructure and a monetisation channel, but payments depended on verified results and projected emissions cuts were not credits already issued.
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