Ambitious climate action will require a significant shift in investment patterns and behaviors, and innovation in technologies, infrastructure, financing, and practice. Policies that strike a balance between regulations and market-based incentives that encourage both the private and the public sector to invest in a low carbon future are critical. An indispensable element of any strategy for reducing emissions in an efficient way are mechanisms which put a price on carbon. That is the ultimat goal of PMI.

The Partnership for Market Implementation aims at assisting participant client countries design, pilot and implement explicit carbon pricing instruments appropriate to their domestic context and development priorities. Key elements inherent in this overarching goal are to help countries increase their level of ambition commensurate with mitigation potential, build capacity, infrastructure and policy/regulatory frameworks for scaling up their mitigation efforts using carbon pricing instruments, and to provide a platform for technical discussions and information exchange on carbon pricing and other mitigation policy instruments.

Outcome 1 - Capacity development: The capacity of Program participants to design, implement and operate carbon pricing instruments has been strengthened

Outcome 2 - Knowledge generation & sharing: Knowledge generated by the Program has informed the design, implementation and operation of carbon pricing instruments

Outcome 3 - Next generation carbon markets: International cooperation through new/innovative carbon market mechanisms has been promoted, and regional collaboration to raise ambition of carbon pricing policy objectives has been fostered

Outcome 4 – Advocacy: Policy discussions at the global, regional and national level on the role of carbon pricing as a central policy instrument for climate change action have been influenced by the Program

Resultados previstos:  

Carrying out feasibility and capacity assessments for utilizing carbon prizing

Building or enhancing capacity of greenhouse gas (GHG) data collection systems and institutional capacity for GHG reporting and management

Facilitating experience, information and knowledge sharing as well as identifying good practice and common standards.

Developing practical guidance, toolkits and other relevant knowledge products on common issues.

Supporting design and implementation of new GHG crediting programs and mechanisms, on a national as well as on regional/international basis.

Supporting the development and facilitating the participatory discussion and consolidation of policy and legal frameworks needed as a foundation for implementation of carbon pricing instruments and international cooperative approaches.

Resultados de las fases anteriores:  

16 countries have completed road maps for carbon pricing readiness-

$71.5 million have been allocated to governments to implement readiness activities-

Chile as first country has completed all activities laid out in its market readiness proposal (MRP). The country activities included building capacity in the public and private sectors for the design and implementation of an MRV framework and GHG registry.

The PMR has published 19 Technical Notes, and has organized 55 Technical Workshops and other knowledge exchanges.