PMR Perspectives series: Pricing Carbon: Looking back to move forward

A webinar series organized by the World Bank’s Partnership for Market Readiness (PMR) to celebrate a decade of collective work on carbon pricing   

The Partnership for Market Readiness (PMR) - which comes to a close in June 2021 after 10 years – has brought together more than 30 countries whose actions are critical to global climate mitigation efforts. The PMR has supported countries as they embarked on the journey of assessing, designing, and deploying carbon pricing and other innovative policy instruments to scale up domestic greenhouse gas mitigation, while providing a platform for countries to work together to shape the future of cost-effective mitigation action.

In this series of webinars and virtual events, the PMR celebrates 10 years of serving as a knowledge forum for collective innovation and action, and a cooperative technical assistance vehicle to support capacity building to advance carbon pricing policy solutions and carbon markets infrastructures. The global PMR community of senior government representatives, national policy champions, international leading experts, and World Bank specialists will present and discuss a wide range of topics from countries’ experiences on carbon pricing and next steps, to the launch of new technical reports aimed to support the advancement of carbon pricing.

For more information on the PMR Perspectives Series, please email the PMR Secretariat (pmrsecretariat@worldbank.org) and Alejandra Mazariegos (amazariegos@worldbank.org). All sessions will be recorded and made available for on-demand viewing.

For general information on the PMR, please visit www.thepmr.org

Carbon Pricing Assessment and Decision-Making

Carbon Pricing Assessment & Decision Making: A guide to adopting a carbon price

Tuesday April 13th, 2021 

9:00am – 10:30am EDT (Washington DC) 

 

Many jurisdictions are considering carbon pricing to help achieve climate commitments, including Nationally Determined Contributions (NDCs) under the Paris Agreement and net zero targets. However, knowing where and how to start can be challenging. What analysis is required? What issues need to be considered? Which carbon pricing instrument is right for a jurisdiction? How should analysis be presented to decision makers?  

This session will provide an overview of the process for building the case for carbon pricing and choosing an appropriate carbon pricing instrument.  It will provide space for a dialogue with jurisdictions that have already begun the carbon pricing journey and provide an overview of the PMR’s recent publication ‘Carbon Pricing Assessment and Decision Making’. 

Register here

Agenda

Welcome Remarks: Wendy Hughes, Manager, Carbon Markets and Innovation, World Bank 

Moderator: Olga Yukhymchuk, Ministry of Environmental Protection and Natural Resources, Ukraine 

Expert Presentation: Joseph Pryor, PMR Secretariat, World Bank 

Panel: 

  • Afef Jaafar, Senior Executive, Agency National pour la Maîtrise de l'Énergie, Tunisia
  • Jansen Toh, Senior Assistant Director, National Climate Change Secretariat, Prime Minister’s Office, Singapore 
  • Syeda Hadika Jamshaid, Climate Change Policy Specialist, Ministry of Climate Change, Pakistan 
  • Juan Carlos Arredondo, Engagement Manager, Vivid Economics and former Climate Change Director, SEMARNAT, Mexico 

Emissions Trading in Practice

From Theory to Practice: Launch of the ETS Handbook (Revised and Updated)

Wednesday April 14th, 2021 

9:00am – 10:30am EDT (Washington DC) 

3:00pm – 4:30pm CEST (Berlin) 

Growing ambition in jurisdictions’ climate targets has resulted in an increased adoption of Emissions Trading Systems (ETSs). Currently, 38 countries, 18 states or provinces, and 6 cities have adopted an ETS and additional systems are under development. While not a silver bullet, an ETS can help ensure jurisdictions meet their targets at least cost. However, to maximize its effectiveness, an ETS needs to be designed in line with a jurisdiction’s context.  

This event will mark the release of the updated version of the ETS Handbook jointly developed by the PMR and the International Carbon Action Partnership (ICAP). The updated Handbook has drawn from recent learnings gained over the last five years as jurisdictions around the world have gathered experience in designing, implementing and refining ETSs. 

This event will provide an overview of the key design elements and policy issues as well as highlight experiences and lessons learned from jurisdictions that have implemented an ETS. 

Register here

Agenda:

Welcome Remarks:

  • Venkata Putti, Program Manager, PMR Secretariat World Bank
  • Rajinder Sahota, Deputy Executive Officer for Climate Change and Research, California Air Resources Board

Moderator: Emma Krause, Advisor, ICAP 

Expert Presentation: Stuart Evans, Senior Engagement Manager, Vivid Economics 

Panel: 

  • Mark Sippola, Air Resources Supervisor, California Air Resources Board 
  • Adriana Gutiérrez, Advisor to the Climate Change and Risk Manager Director, Ministry of Environment & Sustainable Development, Colombia  
  • Qian Guoqiang, Deputy General Manager, SinoCarbon, China 

A Guide to Developing Domestic Carbon Crediting Mechanisms

Extra Credit: Designing domestic crediting mechanisms

Wednesday April 21st, 2021 

9:00am – 10:30am EDT (Washington DC) 

There is growing interest in, and demand for, domestic carbon credits as they can provide a useful complement to other policy instruments such as carbon tax and emissions trading. However, designing a domestic crediting mechanism that balances high environmental integrity, low transaction costs and low administrative burden can be challenging.  

This session will shed light on the potential role of carbon crediting in a domestic context and highlight the main considerations for designing and governing a domestic crediting mechanism. Drawing from the PMR’s recent publication ‘A Guide to Developing Domestic Carbon Crediting Mechanisms’, this session will also provide insights into key challenges, the decision points for designing a crediting mechanism, and how to tailor a mechanism to achieve domestic policy objectives. 

Register here

Agenda

Welcome Remarks: World Bank 

Moderator: Pedro Barata, Partner Get2C

Expert Presentation: Marissa Santikarn, PMR Secretariat, World Bank

 Panel: 

  • Jane Wardlaw, General Manager, Clean Energy Regulator, Australia 
  • Jean-Yves Benoit, Director, Carbon Market Division, Ministère de l'Environnement et de la Lutte contre les changements climatiques, Québec  
  • Carolina Urmeneta, Head of Climate Change Office, Ministry of Environment, Chile 
  • Memory Machingambi, Senior Economist, National Treasury, South Africa 

PMR Events

Paving the Way for Carbon Pricing: Lessons from the PMR experience  

Wednesday April 28th, 2021 

8:30am – 10:00am EDT (Washington DC) 

As the Partnership for Market Readiness (PMR) is coming to closure in June 2021, it is time to reflect  on program achievements, learnings, challenges and how this valuable experience can help countries that are planning to implement carbon pricing, and programs like Partnership for Market Implementation (PMI) that are aiming to support countries with increasing readiness and implementation.  

This session will present the PMR journey, lessons, and challenges captured from country programs and processes, followed by a panel discussion by country participants on their experiences with PMR and takeaways for the future. 

Register here 

Agenda

Welcome Remarks by the PMR Co-Chairs 

  • Afef Jaafar, Tunisia 
  • Corina Mocanu, European Commission 

Expert Presentation: Hari Gadde, PMR Secretariat, World Bank  

Moderator: Xueman Wang, former PMR Secretariat Coordinator, World Bank 

Panel: 

  • Juan Pedro Searle, Chief of Climate Change Unit, Ministry of Energy, Chile  
  • Belal Shaqrin, Director, Climate Change, Ministry of Environment, Jordan 
  • Kazuhisa Koakutsu, Director of International Negotiations, Ministry of the Environment, Japan 
  • Malin Ahlberg, Deputy Head of Division, New Market Mechanisms, Federal Ministry for the Environment, Germany 

Carbon Pricing Assessment and Decision-Making

Looking Ahead:  Partner dialogue on carbon pricing, enabling environment, and capacity development  

 

Thursday April 29th, 2021 

8:30am – 10:00am EDT (Washington DC) 

 

With the latest UNFCCC NDC synthesis report warning on the slow pace of GHG mitigation, it is urgent that on-the-ground action be accelerated. An important part of this effort could be on promoting carbon pricing and markets as indicated by the fact that over two thirds of countries have them as an option in their NDCs. To translate countries mitigation plans into actions, timely support is paramount.  

Building on a decade of experience from PMR and other partners and organizations, and as we start our new journey with the Partnership for Market Implementation (PMI), this session brings together partners to discuss what and how the support needs to be accelerated, what is needed to create an enabling environment, and how to increase the capacity of countries to advance carbon pricing. 

Register here

Agenda

Welcome Remarks: Venkata Putti, Program Manager, PMR Secretariat, World Bank 

Moderator: Katie Sullivan, Managing Director, International Emissions Trading Association (IETA) 

Panel

  • Valvanera Ulargui, Director General for Climate Change, Ministry for Ecological Transition, Spain (tbc) 
  • James Grabert, Director, Mitigation, UNFCCC 
  • Tom Howes, Head of Energy & Environment Division, International Energy Agency (IEA)
  • Robert Bradley, Director, Knowledge & Learning, NDC Partnership Support Unit 

 

MAY SESSIONS

Carbon Pricing Developments in Europe and Central Asia (ECA) Region 

Wednesday May 5th, 2021 

9:00am – 10:30am EDT (Washington DC) 

This webinar will showcase the PMR’s country work programs, technical work programs, and policy work programs in three countries of Europe and Central Asia region.  

Carbon Markets Across Latin America: Status and outlook  

Wednesday May 12th, 2021 

9:00am – 10:30am EDT (Washington DC) 

This webinar will provide a tour on carbon pricing development in the Latin American region, showcasing the work of PMR participant countries. Senior government representatives from Latin American jurisdictions will discuss their countries’ carbon pricing roadmap, policy milestones achieved, and challenges ahead for expanding the use of market-based instruments in the region. 

Carbon Pricing Initiatives in East Asia and Pacific Region 

Wednesday May 19th, 2021 

2:00pm - 3:30pm SGT (Singapore)   [TBC] 

2:00am - 3:30am EDT (Washington DC) 

Register here [TBC]

This webinar will discuss the achievements and lessons learned regarding carbon pricing preparation in East Asia and Pacific, and how to foster the enabling environment for countries to adopt socio-politically and economically attractive carbon pricing instruments and to accelerate and scale-up implementation. 

Pricing Carbon: From readiness to implementation 

A special workshop session at the upcoming Innovate4Climate (I4C) conference marking the operationalization of the Partnership for Market Implementation, the World Bank’s PMR Successor Program. 

Innovate4Climate goes live during May 25-27, 2021. 

 Date and time for this special PMR/PMI session to be announced.