Electronic Newsletter

The PMR produces electronic newsletters providing updates on the Partnership as a whole. The PMR Newsletter provides information of interests to the community, including an overview of upcoming and past events and recent publications. 

Current Issue

November 2016

Past Issues

May 2016

November 2015

PMR in Short
 
Supporting Action for Climate Change Mitigation

Bringing together more than 30 countries and sub-national jurisdictions, the Partnership for Market Readiness (PMR) supports countries to prepare and implement climate change mitigation policies—including carbon pricing instruments—in order to scale-up GHG mitigation.


Less than a year after it was reached at COP21, the Paris Agreement officially entered into force on November 4th. Reaching the ambitious milestone of at least 55 Parties accounting for at least 55 percent of the total GHG emissions to have already ratified the Agreement is a huge success. While the Paris Agreement was an undeniable success by itself, now all eyes are turned to implementation. Having in mind that many countries anticipated the use of carbon pricing and market-based instruments to achieve their commitments to reduce GHG emissions—as outlined in their Nationally Determined Contributions (NDCs)—the role that initiatives such as the PMR will play in the years to come is likely to become even more critical. In fact, the PMR has already been looking into ways of scaling up the efforts to help countries first design and then implement their NDCs. Under this work stream, the PMR has been providing support to 10 countries to carry out modeling and analytical work to identify a suitable package of policies and measures for achieving their mitigation ambition, or analyze the interactions of carbon pricing and other sectoral policies in the context of overall national policy landscape.

Country Programs Highlights
Argentina: At the 15th Partnership Assembly Meeting in Hanoi, Vietnam, Argentina joined the PMR as its 19th Implementing Country Participant. Argentina is scheduled to present a draft Market Readiness Proposal within the next twelve months.
India: India presented its draft Market Readiness Proposal during the 15th Partnership Assembly Meeting. The proposal focuses on i) policy analysis to determine a framework for market-based/carbon pricing instruments consistent with India’s national climate change and development objectives; ii) the creation of an integrated data management and registry system to support existing and potential new market-based and carbon pricing instruments; iii) the enhancement of existing market-based and carbon pricing instruments, piloting of a new instruments that can be linked using a co-benefits approach, and catering to multiple domestic demands; and iv) project management and outreach activities. India is expected to present its final Market Readiness Proposal during the 16th Partnership Assembly Meeting.
At the 15th Partnership Assembly Meeting, five countries–Brazil, Kazakhstan, Morocco, Thailand, and Ukraine–presented progress made in each of the respective country’s readiness programs. The Project Implementation Status Reports help PMR Participants and the Secretariat to understand the progress made in each country in the PMR Process.
Meetings & Events

PA Meetings
Technical Workshops and Meetings
Technical Trainings
Public Events
Webinars and E-learning
Technical Notes and Guidance Documents
Newsletters
Past Events
Online
 
Designing MRV Systems for Entity-Level Greenhouse Gas Emissions
October 4-25, 2016
 
This online course was aimed at supporting policymakers and practitioners in developing economy-wide or sector-specific GHG reporting programs that address national and sub-national priorities and objectives.
Beijing, China
 

Understanding China’s NDC Ambition and the Role of the National ETS in Achieving It
October 21, 2016
 
This Technical Workshop provided an opportunity to discuss the findings of the report titled Pursuing an Innovative Development Pathway–Understanding China’s INDC, as well as to discuss the latest developments regarding the role of the ETS–as part of wider policy packages–in achieving the country’s mid- and long-term mitigation goals.
Hanoi, Vietnam
 

15th Partnership Assembly Meeting
October 18-20, 2016
 
At the 15th Partnership Assembly Meeting, a decision for Argentina to join the PMR as the 19th Implementing Country Participant was taken. In addition, India presented its draft Market Readiness Proposal, while participants also had an opportunity to hear about the status update of the country programs. Moreover, the Partnership Assembly was an opportunity to provide updates and obtain feedback on the PMR Technical and Policy Analysis Work Programs. Lastly, at the 15th Partnership Assembly Meeting, the PMR Participants collectively initiated discussions on the next phase of the Partnership.

Upcoming Events
Marrakech, Morocco
 
Putting NDCs into Action: Effective Strategies for Attracting Investments
November 10, 2016
San Jose, Costa Rica
 
Paving the Way for NDC Implementation: Analyzing Policy Options and Modeling Carbon Pricing
December 6-8, 2016
Location TBC
 
Technical Workshop on Baselines and Benchmarking
February, 2017
New Delhi, India
 
16th Partnership Assembly Meeting with Side Events
Dates TBC
Hanoi, Vietnam
 

Strategic Dialogue on NDC Implementation and Policy Reforms for Low-Carbon Development
October 18, 2016
 
This event was an opportunity for stakeholders from Vietnam and PMR countries to discuss different countries’ NDC implementation strategies and the role of carbon pricing in the context of the NDC implementation.
Hanoi, Vietnam
 
Post-2020 Accounting: Implications for Carbon Pricing and Registries
October 17, 2016
 
This workshop provided an opportunity to further explore the concepts of accounting in the context of the Paris Agreement, as well as to discuss its implications for carbon pricing and tracking registries. Since, as part of the Paris Agreement, countries have agreed they will account for their NDCs and any international transfers of mitigation outcomes to avoid double counting, the workshop also discussed the implications of the emerging accounting system on the design and implementation of carbon pricing instruments.
San Jose, Costa Rica
 
Regional INDC workshop
July 19-21, 2016
 
The PMR, in collaboration with the Ministry of Environment and Energy of Costa Rica, brought together policy makers and technical practitioners involved in the analytics underlying NDC efforts and discussed technical challenges and readiness gaps, shared NDC-relevant analytical approaches and experiences, and further built a peer network on NDC implementation.
Paris, France
 
Implications of the Paris Agreement for a New Generation of International Market Mechanisms
May 31 to June 2, 2016
 
This workshop focused on the current interpretations of the Paris Agreement relative to the scaled-up crediting and its implications for the ongoing and future capacity building and piloting initiatives. The workshop provided timely contribution to the discussions on how the framework of the Paris Agreement should be shaped over time to build a robust basis for international cooperation using market-based instruments.
Recent Publications
Emissions Trading Registries: Guidance on Regulation, Development and Administration
 
This report provides policy makers and other stakeholders with technical insights and guidance on how to support country-specific decision making and activities related to registry development.
PMR Annual Report FY16
 
The PMR Annual Report highlights results, summarizes activities, and reports on the status of the trust fund. The reporting period fiscal year 2016 stretches from July 1, 2015 to June 30, 2016.
China Carbon Market Monitor
 
The fifth issue reports on the performance of China's seven pilot carbon markets during Q2 in 2016. The Monitor also provides analysis and updates on the design and implementation of the nation-wide ETS.
Carbon Credits and Additionality: Past, Present, and Future
 
This paper clarifies the concept of additionality and its significance for crediting mechanisms; describes the different approaches that have been used to demonstrate or test additionality; and explores the implications of the evolving carbon markets on the application and importance of additionality.
Resources & Useful Links
www.carbonpricingleadership.org
www.ieta.org
icapcarbonaction.com/en/
www.wri.org
   
 
PMR in the Spotlight
Articles
”Paris and beyond: Ensuring effective climate action through coordinated efforts”
November 3, 2016
”Scaling up Carbon Markets Post-Paris”
November 3, 2016
Feature Story
“Ukraine Reaffirms Climate Commitments to Tackle GHG Emissions from Industry”
October 3, 2016
Blog
“Aviation deal: A step toward carbon neutrality”
October 19, 2016

 Supporting Action for Climate Change Mitigation

PMR Secretariat
1818 H Street, NW
Washington, DC
 
Implementing Country Participants
Argentina Brazil Chile China Colombia
Costa Rica India Indonesia Jordan Mexico
Morocco Peru South Africa Sri Lanka Thailand
Tunisia Turkey Ukraine Vietnam  
 
Contributing Participants
Australia Denmark European Commission Finland Germany
Japan Netherlands Norway Spain Sweden
Switzerland United Kingdom United States    
 
Technical Partners
Alberta California Kazakhstan Québec  
 

© 2016 Partnership for Market Readiness

For more information, visit thepmr.org

If you wish to unsubscribe, please click here

 

 

PMR in Short
Supporting Action for Climate Change Mitigation

Bringing together more than 30 countries and sub-national jurisdictions, the Partnership for Market Readiness (PMR) supports countries to prepare and implement climate change mitigation policies - including carbon pricing instruments - in order to scale-up GHG mitigation.

Paris Agreement: Reinforcing the Mission and Objectives of the PMR
A historic global climate agreement reached at COP21 provides a long-term vision to limit global warming, as well as a clear direction for the use of carbon pricing and markets in the future. Now that the curtain has fallen on the Paris and New York stages, all eyes are on implementation. The PMR is one of the prime initiatives to support countries in understanding and testing the use of carbon pricing to achieve their climate change mitigation objectives. In this newsletter, the PMR shares highlights in terms of its country work and other developments related to its technical and policy knowledge products following COP21.
Country Programs
 
Jordan: Presented its final Market Readiness Proposal (MRP) at the PA in April 2016, which focuses on the development of a robust MRV framework and includes technical assistance activities to enhance the capacity and readiness of public and private sector actors for climate finance and market-based instruments. The PA allocated $3 million to Jordan to implement the activities laid out in its MRP.
Peru: In April 2016, Peru also presented its final MRP to the PA.The proposed activities are intended to establish a solid Mitigation Action Management System, including GHG data reporting and emissions registry, and to design GHG crediting instruments for three pilot mitigation actions. The PA allocated $3 million to Peru to implement the activities laid out in its MRP.
Sri Lanka: Joined the PMR as the 18th Implementing Country Participant at PA14 in Peru, Lima and received preparation phase funding in the amount of $350,000 to develop its MRP.
China, Chile, Costa Rica and Turkey participated in the PMR Exchange Forum at PA14 and discussed progress made of their respective country programs.
 
 
"I take this opportunity to extend my great appreciation to the PMR participants and the World Bank for accepting Sri Lanka as an implementing country to PMR.

With the support of the PMR, we expect to develop a national greenhouse gas monitoring and verification system and market instruments such as the Sri Lanka Carbon Crediting Scheme to mitigate climate change."

 

Udaya N. Seneviratne
Secretary
Ministry of Mahaweli Development and Environment
Sri Lanka

Meetings & Events
PA
Meetings
Technical Workshops and Meetings
Technical Trainings
Public Events
Webinars and E-learning
Technical Notes and Guidance Documents
Newsletters
Past Events
 
 
Greenhouse Gas Data Management: Building Systems for Corporate/Facility-Level Reporting
May 4, 2016
 
This webinar provided an opportunity to discuss issues around the design and development of GHG data management systems that support industry reporting programs. The discussions were based on the recently-published PMR report highlighting the legal, institutional, and technical considerations associated with GHG data management.
Lima, Peru
 
 
PA14
April 26-28, 2015
 
During its 14th Partnership Assembly Meeting (PA14):
  • PMR Participants officially welcomed Sri Lanka as the 18th Implementing Country Participant
  • The PA decided to allocate funding in the amount of $3 million each to Jordan and Peru for the implementation of the activities laid out in their MRPs
  • The PA endorsed new criteria and a process to provide additional funding to Implementing Country Participants to complement existing activities in their MRPs and/or to carry out related policy analysis activities
  • The PA endorsed a process to "broaden" the Partnership and welcome additional Implementing Country Participants.

In addition, PA14 was an opportunity to review the Technical and Policy Analysis Work Programs and several other governance-related matters.


Upcoming Events
Bonn, Germany
 
Building Corporate/Facility GHG Data Management Systems: Leveraging International Experience
25 May, 2016
Cologne, Germany
 
PMR @ Carbon Expo
25-27 May, 2016
Paris, France
 
Implications of the Paris Agreement for a New Generation of International Market Mechanisms
May 31 to June 2, 2016
Hanoi, Vietnam
 
PA15
17-20 October, 2016
Lima, Peru
 
Green Growth, Nationally Determined Contributions, and Innovative Climate Policy Instruments
April 26, 2016
 
The PMR recently organized a number of events in Lima, including a high-level event jointly hosted by the Peruvian Ministry of Environment. It highlighted challenges and opportunities behind the use of effective carbon pricing policies in the Latin American region and beyond. Manuel Pulgar-Vidal, Peru's Minister of Environment (4th from the left), was joined by Michael Gibbs, (Assistant Executive Officer, California Air Resources Board), Irene Canas (Deputy Minister, Ministry of Energy and Environment, Costa Rica), Gabriel Quijandria (Deputy Minister, Ministry of Environment, Peru), Ivo Imparato (Program Leader, World Bank Group), and Marcelo Mena (Undersecretary for Environment, Ministry of Environment, Chile) to urge partners to get to work on analyzing the potential implications and opportunities of the historic climate change accord signed in April at the United Nations Headquarters in New York.
Lima, Peru
 
Implications of the Paris Agreement on PMR Activities
April 25, 2016
 
This workshop provided an important opportunity for the PMR participants, observers and the Secretariat to collectively analyze potential implications for the PMR stemming from the Paris Agreement. The deliberations at the workshop will be used to advance different work programs of the PMR including its technical, policy analysis, and in-country activities.
 
 
Policy Instruments for Low Emissions Development: From Design to Implementation
March 29 to April 12, 2016
 
This e-Learning session provided an opportunity for the participants to advance their knowledge on issues related to planning, design, and implementation of various policy instruments to scale-up GHG emissions reductions and foster private sector investment.
Zurich, Switzerland
 
Carbon Pricing: Latest Developments on Carbon Taxes
March 11, 2016
 
This workshop provided an opportunity to discuss the latest developments on carbon taxes around the world, as well as share lessons learned from their design and implementation. The workshop also discussed the role carbon taxes can play in achieving countries' Nationally Determined Contributions (NDCs).
Zurich, Switzerland
 
Emissions Trading: Leveraging a Decade of Global Experience
March 10, 2016
 
This technical workshop was organized jointly by the PMR and the International Carbon Action Partnership (ICAP) and served as the launch of the ETS Handbook. The workshop was also an opportunity for participants to exchange insights gained and lessons learned on emissions trading systems over the past decade, as well as to discuss the practicalities of establishing and operating ETSs.
Zurich, Switzerland
 
Carbon Pricing: Sustaining the Momentum after COP21
March 8, 2016
 
This high-level event was an opportunity to discuss a number of overarching issues, including how the Paris Agreement paves the way towards an international carbon market post-2020, its implications for the design and implementation of carbon pricing instruments around the world, practical steps to be taken to enhance an international framework for collaboration, and the role of public-private partnerships in this regard.
Brasilia, Brazil
 
Post-2020 Mitigation Scenarios and Carbon Pricing Modelling
February 1-3, 2016
 
This workshop provided an opportunity for PMR participants to share lessons learned gained from the technical assessment work underlying countries' low emissions development strategies and INDC decision-making process, discuss common analytical challenges related to INDC implementation strategies; take stock of issues facing experts and policy makers when conducting carbon pricing modeling, and identify areas of support for the PMR policy analysis community.
Beijing, China
 
China's National Carbon Market: An industry-to-industry Dialogue
January 18, 2016
 
Jointly organized by the PMR and IETA's B-PMR, this technical workshop and dialogue brought together the National Development and Reform Commission, the State-owned Assets Supervision and Administration Commission of the State Council, a number of international companies and China's leading state-owned enterprises, to discuss best industry practices and engage in ETS simulations. The objective of the event was to enhance private sector engagement and readiness on emissions trading in China.
Recent Publications
Emissions Trading in Practice: A Handbook on Design and Implementation
March, 2016
 
The ETS Handbook - jointly developed by the PMR and ICAP - is a go-to guide for policymakers that distills best practices and key lessons from more than a decade of practical experience with emissions trading worldwide.
Greenhouse Gas Data Management: Building Systems for Corporate/Facility-Level Reporting
April, 2016
 
Drawing on lessons learned from more than 10 jurisdictions, the report provides guidance on how to design, develop, and implement data management systems that support industry GHG reporting programs.
Resources & Useful Links
www.carbonpricingleadership.org
http://www.ieta.org
http://caringforclimate.org/workstreams/carbon-pricing
https://icapcarbonaction.com/en/
 
PMR in the Spotlight
 
Blog
April, 2016
10 Practical Steps to Create an Emissions Trading System
Feature Story
May, 2016
Policy-makers Meet in Lima to Discuss Next Steps on Carbon Pricing
 
 Supporting Action for Climate Change Mitigation

PMR Secretariat
1818 H Street, NW
Washington, DC
 
Implementing Country Participants
Brazil Chile China Colombia Costa Rica
India Indonesia Jordan Mexico Morocco
Peru South Africa Thailand Tunisia Turkey
Ukraine Vietnam      
 
Contributing Participants
Australia Denmark European Commission Finland Germany
Japan Netherlands Norway Spain Sweden
Switzerland United Kingdom United States    
 
Technical Partners
Alberta California Kazakhstan Québec  
 
 
© 2016 Partnership for Market Readiness

For more information, visit thepmr.org

If you wish to unsubscribe, please click here

 
Supporting Action for Climate Change Mitigation

Bringing together more than 30 countries and sub-national jurisdictions, the Partnership for Market Readiness (PMR) supports countries to prepare and implement climate change mitigation policies — including carbon pricing instruments — in order to scale-up GHG mitigation.

Pricing Carbon to Achieve Cost-Effective Mitigation
As policymakers from around the world converge in Paris for COP21 in an effort to reach a new global climate deal, it is more important than ever to see how carbon pricing can help meet the challenge and contribute to achieving global mitigation target. The PMR is responding to this challenge. This fall only, the PMR organized four technical workshops and trainings, on issues such as carbon leakage, post-2020 carbon markets and registry developments, that helped further spur country action towards the use of innovative and cost-effective instruments for GHG mitigation efforts. Similarly, and in an effort to promote best practices and facilitate efforts to establish common approaches for GHG mitigation, the PMR released five publications, including on the use of existing international offset programs in a domestic context and options for crediting-related activities in the PMR countries.
Country Programs
At PA13, Alberta joined as a new Technical Partner. As such, the province will engage through various collaborative activities, including technical workshops and knowledge exchanges. Alberta will share its experience and lessons learned from the implementation of its GHG reduction program, and benefit from other countries and sub-national jurisdictions’ knowledge on carbon pricing.
Jordan presented its draft MRP at the PA in October 2015. Recognizing that Jordan is at a particularly early stage in the journey toward market readiness, the proposed activities are aimed at addressing the market readiness challenges for developing a project, program or sectoral crediting mechanism in Jordan. Jordan is expected to present the final MRP for funding allocation at the next PA meeting in April 2014.
In October 2015, Peru also presented its draft MRP to the PA. The proposed activities are intended to establish a solid Mitigation Action Management System (MAMS) to prepare for the potential implementation of a scaled-up GHG crediting instrument in the future. Peru is expected to present its final MRP for funding allocation at the next PA14.
 

"The PMR process and knowledge platform bring a lot of value to Jordan. Through technical and financial assistance that Jordan is expected to receive from the PMR, the country will be well positioned to continue to develop in a low-carbon climate-resilient way and continue to pioneer climate change mitigation efforts regionally."

H.E. Mr. Ahmad Al-Qatarneh
Secretary General
Ministry of Environment
Government of Jordan

 

 
Meetings & Events
PA Meetings
Technical Workshops and Meetings
Technical Trainings
Public Events
Webinars and E-learning
Past Events
 
Sweimeh, Jordan
 
PA13
October 28-29, 2015
 
At PA13, Alberta was approved as a Technical Partner of the PMR. The PA also endorsed second allocation of funding for Targeted Technical Support to Kazakhstan.

In addition, PA13 was an opportunity to discuss and obtain feedback on a number of PMR work program- and governance-related matters:

  • Draft MRPs from Jordan and Peru;
  • Progress of Technical and Policy Analysis Work Programs;
  • Follow up actions on the recommendations from the First PMR Independent Evaluation Report; and
  • Strategic directions and the next phase of the Partnership.
Upcoming Events
Brasilia, Brazil (TBC)
 
Modeling and Policy Interactions
1-4 February, 2016
Zurich, Switzerland
 
Carbon Pricing Workshop and ETS Handbook Launch
8-10 March, 2016
Lima, Peru
 
PA14, Technical Workshop, and Public Event
25-28 April, 2016
Sweimeh, Jordan
 
Carbon Leakage: Theory, Evidence, and Policy
October 27, 2015
 
This workshop provided an opportunity to discuss issues around carbon leakage – a phenomenon which occurs if differences in emission costs lead to the relocation of carbon-intensive activities and related emissions from more to less stringent jurisdictions. Structured around the main findings from the recently published PMR technical note on carbon leakage, participants discussed how these issues can best be addressed, drawing on experience from around the world.
Sweimeh, Jordan
 
PMR Insights on Post-2020 Carbon Markets
October 26, 2015
 
Building on previous PMR discussions held on the topic, this workshop provided a timely opportunity to review and take stock of the role that carbon markets could play in achieving different countries’ national contributions post-2020. The workshop also provided an opportunity to hear about the latest developments and options that could accommodate carbon markets in the Paris agreement, as well as their links with the readiness activities in PMR countries.
Hanoi, Vietnam
 
Vietnam Carbon Pricing Technical Training
September 29-30, 2015
 
This training educated officials on the characteristics and impacts of various carbon pricing options.
Sacramento, USA
 
Building Registries to Support the Next Generation of Carbon Markets
September 23-25, 2015
 
This workshop brought together experts and policymakers from various jurisdictions and organizations to exchange insights and lessons learned on the legal, institutional, and administrative issues related to registry development. The workshop was also an opportunity to discuss potential options available for countries to build robust registry infrastructure in support to the next generation of carbon markets.
Publications
PMR Annul Report FY15
October, 2015
 
The Annual Report provides a comprehensive overview of the PMR’s activities and financial performance throughout the reporting cycle, which is from July 1, 2014 to June 30, 2015.
Carbon Leakage: Theory, Evidence and Policy Design
October, 2015
 
This technical note provides an overview of the issue of carbon leakage, discussing the theory, evidence, and policy design. It draws lessons from policymaking experience and academic evidence to provide guidance to countries on how to address issues of carbon leakage as they arise in their national contexts.
China Carbon Market Monitor Issue #2
October, 2015
 
The China Carbon Market Monitor provides timely information across the seven Chinese pilot carbon markets. It also provides analysis of climate policy and market developments at the national level.
Options to Use Existing International Offset Programs in a Domestic Context
August, 2015
 
This technical note presents a framework to support policymakers in making informed decisions about if and how existing international offset standards can be used in a national context.
Crediting-Related Activities Under the PMR: Status and Support for Implementation
August, 2015
 
This study examines the role that crediting activities play to stimulate scaled-up mitigation. It suggests that crediting can facilitate national climate policy development and discusses ways to assess how crediting-related activities foster mitigation under multiple policy instruments.
Resources & Useful Links
www.carbonpricingleadership.org
http://www.ieta.org
http://caringforclimate.org/workstreams/carbon-pricing
http://worldbank.org/climatechange
 
PMR in the Spotlight
In August 2015, Xueman Wang was appointed Coordinator for the Global Knowledge Platform for Sustainable Cities and will step down from her role as PMR Team Lead. She will, however, continue to support China’s MRP activities and the Policy Analysis Work Program.

The Secretariat is pleased to announce that Adrien de Bassompierre has been appointed as the new PMR Coordinator. Adrien has supported several PMR countries in Latin America and the Middle East and North Africa and had a central role in the Secretariat. Venkata Putti, Program Manager, will oversee the PMR.

“Spurring Carbon Pricing through Public-Private Dialogue” in IETA Greenhouse Gas Market 2015 Report
“Taxing Carbon: Current State of Play and Prospects for Future Developments” in Towards a Workable and Effective Climate Regime
 
 
For more information thepmr.org
PMR Secretariat, 1818 H Street, Washington, DC

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Implementing Country Participants
Brazil Chile China Colombia Costa Rica
India Indonesia Jordan Mexico Morocco
Peru South Africa Thailand Tunisia Turkey
Ukraine Vietnam      
 
Contributing Participants
Australia Denmark European Commission Finland Germany
Japan Netherlands Norway Spain Sweden
Switzerland United Kingdom United States    
 
Technical Partners
Alberta California Kazakhstan Québec  
© 2015 Partnership for Market Readiness