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The Partnership for Market Readiness : From the Ground Up - A Decade of Lessons on Carbon Pricing (English)

The World Bank’s partnership for market readiness (PMR), through grant support and technical assistance, supported 23 emerging economies and developing countries in building their institutional and human capacities to design, institute, and implement carbon pricing instruments, such as emission trading systems, carbon taxes, and or carbon crediting mechanisms along with underlying infrastructure such as monitoring, reporting and verification (MRV) and registry systems. As the PMR winds down and its successor - the partnership for market implementation (PMI) - becomes operational in 2021, the time is opportune to take stock of and analyze key lessons learned from the decade of PMR experience. This report draws lessons from the PMR’s decade-long country, technical work, and policy analysis work programs and relates the insights captured through its extensive country participant consultation process, its online surveys, and feedback from its contributing country partners and World Bank task teams. The lessons documented in this report are expected to provide practical insights for other developing countries planning to design and implement carbon pricing initiatives. In addition, the lessons learned on the PMR process, as well as the grant implementation process, are likely to help similar initiatives, including the PMI, to adopt improved program design and governance options that support efficient funds allocation, deployment, and implementation.

Details

  • Author

    Baral,Prajwal, Faleye,Oluwafemi

  • Document Date

    2021/07/27

  • Document Type

    Report

  • Report Number

    162134

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2021/07/27

  • Disclosure Status

    Disclosed

  • Doc Name

    The Partnership for Market Readiness : From the Ground Up - A Decade of Lessons on Carbon Pricing

  • Keywords

    carbon pricing; Partnership for Market Readiness; atmospheric emission inventory; carbon offset; legal and regulatory framework; nationally determine contribution; emission trading system; carbon tax; use of revenue; Development Policy Financing; multilateral development bank; climate change mitigation; efficient fund allocation; channels of communication; body of knowledge; greenhouse gas emission; emission trading market; international development partner; national climate policy; availability of data; data gathering system; consumption of electricity; improvement in productivity; tax collection system; renewable energy program; Computable General Equilibrium; technical assistance program; emissions from transportation; secondary market trading; investments in infrastructure; government and business; competitiveness and jobs; air pollution mitigation; sanctions for noncompliance; Development Policy Lending; Development Policy Operation; private sector engagement; level of capacity; technical assistance grant; capacity-building program; fossil fuel consumption; tax reform process; use of technology; carbon tax rate; fossil fuel combustion; global greenhouse gas; dissemination of knowledge; international carbon markets; use of offsets; privileges and immunity

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Citation

Baral,Prajwal Faleye,Oluwafemi

The Partnership for Market Readiness : From the Ground Up - A Decade of Lessons on Carbon Pricing (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/416741627365320014/The-Partnership-for-Market-Readiness-From-the-Ground-Up-A-Decade-of-Lessons-on-Carbon-Pricing