Public Disclosure Copy The World Bank Implementation Status & Results Report Climate Mitigation Action Support (P160552) Climate Mitigation Action Support (P160552) SOUTH ASIA | Sri Lanka | Social, Urban, Rural and Resilience Global Practice Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2019 | Seq No: 1 | ARCHIVED on 27-Jun-2019 | ISR36725 | Implementing Agencies: Democratic Socialist Republic of Sri Lanka, The Ministry of Mahaweli Development and Environment Key Dates Key Project Dates Bank Approval Date:05-Apr-2019 Effectiveness Date:11-Apr-2019 Original Closing Date:28-Feb-2021 Revised Closing Date:28-Feb-2021 Project Development Objectives Project Development Objective (from Project Appraisal Document) To strengthen Sri Lanka's capacities and systems to: (a) implement national climate change policies, strategies and actions; and (b) design or strengthen market/non-market mitigation instruments. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Implementation Status and Key Decisions The grant agreement of the US$ 1.8 million Partnership for Market Readiness trust fund was signed and became effective on April 11, 2019. The status of each Component is the following: Component 1: Mitigation Policy Objectives, Landscape and Options Analysis Study to identify suitable Carbon Pricing Instruments is currently under implementation in the power and transport sector. The consultant has carried 6/27/2019 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Climate Mitigation Action Support (P160552) out macro-economic modeling as well as policy and legal analysis in six different scenarios. The initial result was presented to the Technical Advisory Committee. The final report is expected to be completed in July 2019. Study to design and implement an optimal policy package is expected to be started in three months. The ToR has already been prepared. Component 2: Technical and Institutional/Regulatory Readiness Components to Support Implementation of MRV Needs assessment on the MRV and registry systems have been already completed. The consultant is currently preparing and defining the functional and technical specification of the national MRV framework and registry system based on the needs assessment done by the World Bank. Component 3: Framework for Enhancing and Scaling Up the Sri Lanka Carbon Crediting Scheme (SLCCS) Assessment of supply and demand to scale up the SLCCS has been started. The consultant has carried out analysis and presented potential supply and demand on the basis of the marginal abatement cost curve for potential technologies and activities in the eligible sectors under the SLCCS. The ToR for another study on the institutional, legal, and technical framework to support the SLCCS is currently under preparation with support from the Bank. Component 4: Organization, Communication, Consultation and Capacity Building A Project Management Unit (PMU) has been established, but recruitment of key staffs is not yet completed. The Project Steering Committee and Technical Advisory Committee have been also established and members are already nominated. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  Substantial  --  Substantial Results Project Development Objective Indicators PHINDPDOTBL National system to implement market-based instruments for Greenhouse gas reductions developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1.00 Date 29-Mar-2019 -- 25-Jun-2019 28-Feb-2021 Overall Comments Needs assessment is currently ongoing with the Bank support. 6/27/2019 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Climate Mitigation Action Support (P160552) Intermediate Results Indicators PHINDIRITBL An optimal policy package for climate change mitigation developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1.00 Date 29-Mar-2019 -- 25-Jun-2019 28-Feb-2021 PHINDIRITBL A national Monitoring, Reporting, and Verification (MRV) framework developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1.00 Date 29-Mar-2019 -- 25-Jun-2019 28-Feb-2021 Comments Needs assessment for a national MRV framework has been completed. Currently under preparation to define and design functional and technical system specifications for the framework through the Bank support. PHINDIRITBL A national registry system for Greenhouse gases developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1.00 Date 29-Mar-2019 -- 25-Jun-2019 28-Feb-2021 Comments Needs assessment for a national registry system has been completed. Currently under preparation to define and design functional and technical system specifications for the framework through the Bank support. 6/27/2019 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Climate Mitigation Action Support (P160552) PHINDIRITBL A framework to enhance domestic market based instruments developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1.00 Date 29-Mar-2019 -- 25-Jun-2019 28-Feb-2021 Comments Supply and demand assessment to identify maximum potential to enhance the current Sri Lanka Carbon Crediting Scheme is currently ongoing. Overall Comments Preparatory works relevant to all the indicators are currently ongoing through the Bank-executed trust funded activities under the Partnership for Market Readiness. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P160552 TF-B0017 Effective USD 1.80 1.80 0.00 0.00 1.80 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P160552 TF-B0017 Effective 05-Apr-2019 11-Apr-2019 11-Apr-2019 28-Feb-2021 28-Feb-2021 Cumulative Disbursements 6/27/2019 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Climate Mitigation Action Support (P160552) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/27/2019 Page 5 of 5 Public Disclosure Copy