About the PMR
Supporting Action for Climate Change Mitigation
The PMR's core objectives are:
- Provide grant funding to support the preparation for and implementation of climate change mitigation policies, including carbon pricing instruments;
- Pilot innovative carbon pricing instruments e.g., domestic emissions trading systems (ETS), carbon taxes, and new crediting mechanisms; and
- Proivde a platform for technical discussions and collective innovation on market approaches to GHG mitigation. Share insights and lessons learned with the international community, including the United Nations Framework Convention on Climate Change (UNFCCC).
The PMR brings together more than 30 countries, various international organizations, and technical experts to facilitate country-to-country exchange and knowledge sharing and, as such, enables enhanced cooperation and innovation. To read more about this unique partnership and the actors involved, please visit Actors.
An increasing number of middle income countries are in the process of introducing carbon pricing and other innovative instruments to reduce GHG emissions cost effectively. While there is a growing box of policy options and instruments that countries can draw from to shift toward a low carbon pathway, tailoring these to each country’s unique circumstances and development priorities is a challenge. The PMR is one of the key platforms designed to specifically help countries prepare for such policy choices and future implementation, by focusing on improving technical and institutional “readiness.” To learn more about what it takes to be "ready" visit Country Program.
Carbon Pricing Instruments
Pricing carbon through instruments such as emissions trading and carbon taxes is one of the cost-effective means to achieving emissions reduction. For this reason, a number of governments are incorporating carbon pricing policies into their mitigation strategies. The PMR is committed to helping countries design and implement carbon pricing instruments, including emissions trading systems, carbon taxes, and crediting and offset mechanisms. To learn more about how countries are using these instruments, visit Country Program.
Post-2020 Emissions Scenarios
The PMR supports countries’ efforts to establish post-2020 mitigation scenarios and identify packages of effective and cost-efficient policies—including carbon pricing instruments—to achieve climate change mitigation. Much of this support will facilitate countries’ work to prepare the mitigation component for their “intended nationally determined contributions” (iNDCs) under the UNFCCC process. More information about the PMR’s post-2020 work can be found on the Policy Work page.
Through its Technical Work Program, the PMR promotes best practice and facilitates efforts to establish common standards and approaches for GHG mitigation. Drawing upon country experience, global industry experts, and in-house resources, the PMR Secretariat generates a host of knowledge products on various economic policy instruments. These resources also address technical elements related to specific instrument design; monitoring, reporting and verification (MRV) methods; baselines and benchmarks; stakeholder engagement, and others. Visit the Technical Work page to learn more.
Knowledge Exchange Platform
The PMR serves as a forum for countries to focus on sharing technical knowledge and experience in order to facilitate the design and implementation of innovative instruments to ramp-up GHG mitigation. To maximize these country-to-country exchanges, the PMR hosts partnership meetings, workshops, training events, as well as public events to help raise the profile of action within countries. Workshop and training topics are based on country need and focus on the technical components of various mitigation policies. For more information on how and when the PMR exchanges knowledge, please visit Meetings and Events.