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 came 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 celebrated 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 presented and discussed 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 were recorded and made available for on-demand viewing.

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

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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 - View Presentation 

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 - View Presentation
  • Syeda Hadika Jamshaid, Climate Change Policy Specialist, Ministry of Climate Change, Pakistan - View Presentation 
  • Juan Carlos Arredondo, Engagement Manager, Vivid Economics and former Climate Change Director, SEMARNAT, Mexico - View Presentation

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

Tuesday April 13th, 2021 

 

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

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Download the ETS Handbook

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 - View Presentation 

Panel: 

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

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

Wednesday April 14th, 2021 

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 marked 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 provided an overview of the key design elements and policy issues as well as highlighted experiences and lessons learned from jurisdictions that have implemented an ETS. 

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Download the Guide

Agenda

Welcome Remarks: World Bank 

Moderator: Pedro Barata, Partner Get2C

Expert Presentation: Marissa Santikarn, PMR Secretariat, World Bank - View Presentation

 Panel: 

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

Extra Credit: Designing domestic crediting mechanisms

Wednesday April 21st, 2021 

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 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 also provided insights into key challenges, the decision points for designing a crediting mechanism, and how to tailor a mechanism to achieve domestic policy objectives. 

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