1ST PLENARY MEETING OF ARTICLE 6 IMPLEMENTATIONPARTNERSHIP

ARTICLE 6 CAPACITY BUILDINGACTIVITIES

20 February 2023

Official UsePartnership for Market Implementation Facility (PMIF)
The two-fold objective of the PMIF is to contribute to the acceleration of global decarbonization efforts by:•Assisting client countries design and deploy explicit carbon pricing policies appropriate to theirdomestic context and compatible with their sustainable development priorities; and•Catalyzing the development of the next generation of international carbon markets.

PMIF will partner with relevant stakeholder groups to deliver assistance under four pillars:
Advisory and Analytics at country-level:
Strengthen capacities for development andimplementation of domestic carbon pricinginstruments

Knowledge services: Develop the knowledge baseon carbon pricing instruments and facilitate
knowledge exchange through variety of modalities
and products

Innovation: Assist countries to identify andimplement best practice approaches and, whererelevant, achieve compatibility in design to support
the development of international carbon markets

Advocacy services: Policy discussions at various
levels - with practitioners, policy-makers and otherrelevant stakeholders - on the role of carbon
pricing as a key climate policy instrument
Official UseWorld Bank Activities in the Carbon Markets

Creating Emission
Reduction Credits
Generate supply of ERCs fromWB IDA & IBRD lending operations
with mitigation

Monetizing ERCs
Catalyze demand for ERCs
Market Infrastructure
End to End Digital Ecosystem forcarbon markets through Climate
Warehouse, Carbon pricing
institutions

through result-based/ “Carbon”
Funds like SCALE and design offinancial instruments, products andplatforms

Create capacity, enabling environment, inform development of regulatory
framework, institutional arrangements and associated governancearrangements, including PMI (Partnership for Market Implementation),
Climate Market Club, technical assistance though carbon funds
Official UseLinkages, flow and support for activities in carbon markets from the
Climate Change Group
Product/Process Development, Advisory, and Implementation:

Conceptualization

Prototyping Products

Implementation & Scale-Up

UNLOCKS CLIMATE FINANCE & AMBITIONCARBON+ APPROACH PUTS PEOPLE FIRSTClimate Market Club, Climate
Warehouse, Invest4Climate,Carbon Market Platform

THREE PILLARS STRETCH ACROSS SECTORS

Partnership for MarketImplementation

Official UseSupporting countries readiness to participate in international carbon markets

Country level policy framework

Article 6 strategy

Pricing Strategy

Capacity Building Strategy• NDC Target prioritization• Understanding potential for carbon
markets and processes to befollowed• Inter-ministerial coordination• Linkages bt compliance andvoluntary markets

Infrastructure Strategy

Climate Market Club consists of like-minded countries to discuss and learn
about different aspects of Article 6
Governments agree on guidelines for piloting the generation, transfer, and use of mitigation outcomesPrinciples• Ensure environmental integrity of mitigation outcomes under Article 6.2 and increase ambition ofclimate action;• Ensure corresponding adjustments and avoidance of double counting of mitigation outcomes; and• Follow the rules and guidance that emerge from Article 6.2 of the Paris Agreement
Bangladesh

Primary Members(Government)

Senegal

Non-Primary Members(Non-Government)

BhutanSingapore
KliKFoundation

Secretariat❖ Approach Papers

Chile
SwedenGlobal Green
Growth Institute

Ghana
Switzerland
Temasek

JapanPeru
UkraineKazakhstan

Institute for Global
Environmental
Strategies

RwandaCountry 14

Country 15

United NationsDevelopmentProgramme

World Bank and other MDBs
 A6 strategy

 Institutional and policy framework

 Infrastructure
Official UseWorld Bank Climate Warehouse Program:

SCALINGTHE VOLUNTARYCARBON
MARKET
Building an End-to-End
Digital Ecosystem for Carbon
Markets
Pillar 1: Piloting and Developing Global
Public Goods

Pillar 2: Global Knowledge and CapacityBuilding

Making digital infrastructure for carbon markets
available to client countries through development,
testing and prototyping of innovative digital
infrastructure for carbon markets.

Support countries and jurisdictions toin implementation of digital infrastructure for carbon
markets needed for GHG mitigation and NDC
implementation​ through PMI Technical AssistanceWork Streams:

Work Streams:• Digital for Climate (D4C) Working Group. Collaboration withEBRD, UNDP, UNFCCC, and WB for a modular and interoperable
end-to-end digital ecosystem for carbon markets.
• Digital Monitoring, Reviewing and Verification (dMRV) systems.
Piloting the connection between dMRV systems with national
carbon registries and national MRV systems.
• National Carbon Registries. Development of opensource offand on-chain transaction registries.
• Tokenization instruments. Development of tokenization
instruments to tokenize carbon markets.
• Climate Action Data Trust (CADT)• Develop knowledge base on digital infrastructure and facilitate
information exchange through technical discussions andknowledge dissemination​• Assist countries to identify and implement best practice
approaches and, where relevant, achieve compatibility in design tosupport the development and linking of digital infrastructure forcarbon markets• Encourage international and national cooperation, and inform thedomestic and global policy discussions on GHG mitigation by
sharing lessons learned and providing a platform for collective
innovation on digital infrastructure productsWorld Bank Climate Warehouse Program:

SCALINGTHE VOLUNTARYCARBON
MARKET
Building an End-to-End
Digital Ecosystem for Carbon
Markets

d-MRV systems

National carbon
registries

Tokenization
instruments

ClimateAction
Data
Aggregating
registry
dataTrustin ablockchain-enabled platform

Piloting

Designing & piloting

Prototyping

Launched!

Designing, prototyping, piloting and validating digital infrastructure for the scale up of carbon markets and finance2023 Capacity Building Activity Calendar

Africa Climate Week
LAC Regional
Week

MayJanOctMarJune

PMI 1st TechnicalWorkshop, Mar 2931, Rwanda

COP28

NYC CWSide event,Bonn SBSTAPMI Knowledge
Forum, I4C 2023

July/AugSept

NovJanPMI TechnicalWorkshop

MENA Climate Week

PMI ETS Training,Montenegro

PMI Workshop, I4C
9Thank You!
Program links & resources:• Partnership for Market Implementation (PMI) - https://pmiclimate.org/• Partnership for Market Readiness (PMR) – https://thepmr.org/• Carbon Pricing Leadership Coalition (CPLC) - https://www.carbonpricingleadership.org/• Climate Warehouse - https://www.theclimatewarehouse.org/• Networked Carbon Markets - https://www.worldbank.org/en/topic/climatechange/brief/globallynetworked-carbon-markets• Innovate4Climate - https://www.innovate4climate.com/• Pilot Auction Facility - https://www.pilotauctionfacility.org/

Official UsePartnership for Market Implementation
Country program

Regional program

Technical program• 17 countries – 9 implementation
and 8 readiness• Sub Saharan Africa initiative
for CB and TA around A6 anddomestic CP• Carbon pricing in power
sector• 12 of the 14 country proposals
approved and moving towards
execution• 9 ETS, 2 carbon tax, 2 crediting
programs, rest feasibility of CPIs
• All PMI countries also have work
components on Article 6operationalization• Pacific Islands programs soon
to be launched

Just-in-time support• Political economy of carbon
pricing• State and trends of carbon
pricingBrazilBosnia• Technical Workshops

Mongolia

Philippines• Training programs

EcuadorPeru• Online learning

Official Use