Catalyzing the Next Generation of Carbon Markets
The Climate Warehouse is a global platform that enables the transparent tracking and exchange of climate project data, promoting integrity in carbon markets worldwide.
About Us
About the Climate Warehouse Program
The Climate Warehouse program, under the innovation pillar of the Partnership for Market Implementation Facility (PMIF), catalyzes solutions that strengthen the enabling environment for carbon markets, pilots new approaches to foster high-integrity crediting, and lays the foundation for scalable and connected markets. Through this work, it advances innovation and readiness for the next generation of carbon market mechanisms.
The program has four complementary work streams as shown in the chart below:
As interest in carbon markets grows—as a way to generate revenue from low-carbon investments or to help meet national climate targets—the World Bank plays an important role in helping countries engage with these markets in ways that support their own priorities, including efforts to meet their Nationally Determined Contributions (NDCs).
Create an Enabling Environment for post-2020 Carbon Markets
Facilitate supply of mitigation outcomes.
Facilitate use of climate and carbon finance to leverage private capital.
Test and prototype market infrastructure using new, innovative technologies.
Supply
Generate supply of mitigation outcomes (MOs) from World Bank IDA & IBRD lending operations with mitigation co-benefits
Develop consistent linkages between voluntary and compliance markets
Pilot digital MRV in methodologies
Define quality for digitized/tokenized assets
Infrastructure
Design connected infrastructure for tracking and recording of MOs through Climate Warehouse
Simulate tools for iterative improvement in design of carbon market infrastructure
Link with digital MRV (dMRV) systems
Define common data standards and test registry-like functionalities
Demand
Assess financing barriers for low carbon development in identified sectors and regions
Estimate financing requirements to achieve viability
Design innovative financing mechanisms for private capital mobilization through climate and carbon finance
Facilitate a demand-driven approach toward activity-based and results-based climate finance
Enabling Environment
Inform development of regulatory framework, institutional arrangements and efficient market infrastructure and associated governance arrangements, including:
- Jointly develop approaches for piloting Article 6.2 through the Climate Market Club
- Outline options for operationalizing carbon markets through Approach Papers
- Consult and collaborate with various stakeholders through the Informal Working Group
Our Initiatives
The World Bank Group played a pioneering role in the development of carbon markets under the Kyoto Protocol, and has substantively ramped up its climate commitments since the 2015 Paris Agreement. Leveraging its expertise, convening power and competitive advantage, the Bank Group is committed to continue playing a central role in developing the next generation of climate markets and enhancing its carbon pricing policy development and implementation support to client countries.
Our Initiatives
Climate Warehouse
Successful prototyped and tested elements of the digital infrastructure will be operationalized to build the market infrastructure. Examples includes a metadata layer (the Climate Action Data Trust), digital MRV systems, open-source national carbon registries, the ability to issue and track digital carbon assets (native and permissioned tokens), and a one-stop resource platform that enhances knowledge sharing and capability building - the Climate Warehouse Hub.
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Climate Market Club
The Club is a group of national governments that jointly develop modalities for piloting activities under Article 6.2 of the Paris Agreement.
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MDB Working Group
The MDB Working Group on Article 6 of the Paris Agreement (MDB WG) is a group of multilateral development banks (MDBs) that are working on the design and piloting of carbon market and non-market mechanisms under Article 6 of the Paris Agreement.
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(CMI) Working Group
Empowering stakeholders with tools, training, and support for effective platform use.
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MAAP-ITR
The Mitigation Action Assessment Protocol for International Transfer Readiness (MAAP-ITR) helps countries assess their readiness to engage in carbon markets. The tool highlights key gaps and capacity-building needs, supporting dialogue between governments and development partners. By doing so, it guides the development of the institutional frameworks and market infrastructure needed for effective participation in carbon markets.
Learn MoreRelated Initiatives
Partnership for Market Implementation (PMI)
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The Networked Carbon Markets Initiative
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Transformative Carbon Asset Facility (TCAF)
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Carbon Initiative for Development (Ci-Dev)
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Forest Carbon Partnership Facility (FCPF)
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BioCarbon Funds and Facilities
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Knowledge Hub
Access our comprehensive library of resources, research, and tools to deepen your understanding of climate action and carbon markets.