Overview
The Partnership for Market Readiness (PMR) was the predecessor initiative of the Partnership for Market Implementation (PMI). During its successful decade-long run - from 2011 to 2021 - the PMR helped create domestic capacity and infrastructure in over 20 countries to implement carbon pricing as a mitigation option. The program also supported collective innovation and action by providing a platform for countries to share lessons and work together to shape the future of cost-effective greenhouse gas (GHG) mitigation. The World Bank Group acted as the program’s secretariat and delivery partner for the participating countries through its operational units.
PMR Objectives
Build
countries’ capacity to develop and implement carbon pricing instruments needed for GHG mitigation and nationally determined contribution (NDC) implementation through grant funding.
Create
a knowledge base on carbon pricing instruments and enable information exchange through technical discussions and by sharing knowledge products.
Help
countries identify and implement best practice approaches and, where relevant,achieve compatibility in design to support the development of carbon markets.
Inform
national and international policy discussions on GHG mitigation by sharing lessonslearned and providing a platform for collective.
PMR Achievements
41
Total Countries
23
Countries developing and implementing readiness roadmaps
5
Technical partners
13
Contributing partners (12 countries and European Commission)
$ 123.7 M
Total Funding
$ 80 M
Allocated to countries for readiness activities
50 +
Total Funding
20000 +
Professionals attended Partnership Assemblies, technical workshops, training programs and knowledge exchanges
Videos
The PMR Story: 10 years of carbon pricing support
The PMR Journey: From readiness to implementation