Progress Update23rd Partnership Assembly (Virtual)October 20, 2020

PMR Secretariat

Program Overview

• Scheduled to close by February 2021• 88% of total allocation of $78.6 million disbursed/

committed• 07 completed; 11 full utilization; 05 adjusted scope

Country Support

• 11 products under preparation• E-course• Training• Webinars

Technical Work

•FY20 actuals less than approved budget by $800,000•End of program expenses projected to be $125.13m•With investment income, the overall surplus is about 5%

(0.3% without)Financials

Annex: Overall Expenditure ProjectionFinancial Overview

Country Progress

56%96% 89% 100%

73%41%

92% 100%74% 85% 89% 68%

96%

44%4% 11% 0%

27%59%

8% 0%26% 15% 11% 32%

4%

Total % Disbursed includes commitments % of Available Budget

0

20

40

60

80

100Indonesia Peru Tunisia

Spent Balance

77%

12%

99% 90%

23%

88%

1% 10%

Recipient ExecutionUNDP Execution

WB Execution

Completed: Chile, China, Indonesia, Peru, Thailand, [Morocco and India]

On course for full utilization: Turkey, Vietnam, Jordan, Costa Rica, Colombia, Panama, Brazil, Ukraine, Philippines, Kazakhstan, Tunisia

Adjusted Scope: Argentina, Cote d’Ivoire, South Africa, Sri Lanka, and Mexico

Summary Status

Breakout Format/Instructions

Program Highlights

• PMR country programs have generated robust analytical and technical assessments thathave facilitated dialogue to advance the climate policy development process andimplement relevant mitigation policy instruments.

• In countries such as Jordan, Costa Rica and Côte d’Ivoire, other WB policy-basedactivities (e.g., Development Policy Financing Lending Operations) are built upon PMRcountry activities and outcomes to support the implementation of climate-related policyreforms. South Africa, Panama and Mexico are other PMR countries where such dialogueis taking place. A total of $2.6 billion funding is under discussion for the all the countries.

Contribution to Policy Dialogue and Lending Operations

NEW PUBLICATION: COMMUNICATIONS

SECTION

COMMUNICATING CARBON PRICING

Asia Course: Five-day virtual training course forpolicymakers and communications specialiststailored to each region to provide in-depth trainingon communicating carbon pricing.

Dates: Week of Nov 16, 2020

Building on the PMR Guide for DesigningMandatory GHG Reporting Programs (MRV Guide),this report focuses on the technical details ofquantification protocols, that is, how in practiceemissions data can be monitored and quantifiedfor reporting.

DEVELOPING EMISSIONS QUANTIFICATION PROTOCOLS

Technical Work Program

Development co-benefits of CP

February 2021Received SOD

FOD: First order draft; SOD: Second order draft

Carbon Pricing 101 Slide Deck Under finalization October 2020

Upcoming Products - Publications

Status Completion

Voluntary Markets Study

Input Note done; expert consultations completed

November 2020

ETS Governance Report Reviewing FOD February 2021

Upcoming Products -- Guidebooks

ETS Handbook Update

Selecting CPI Guide Received SOD December 2020

December 2020Awaiting final draft

FOD: First order draft; SOD: Second order draft

CompletionStatus

Received SOD January 2021CreditingGuide

E-course on communicating carbon pricing

Drafting storyboards

January 2021

Carbon pricing in transport sector

Carbon pricing and gender considerations

Waiting TOD January 2021

January 2021Drafted SOD

Carbon pricing and Jobs

February 2021Outline completed

Upcoming Products – Scoping Papers

Status Completion

MRV SOFTWARE PACKAGEOff-the-shelf open source MRV software package that could reduce the time and cost ofimplementing similar MRV systems.

- Software package finalized, using the MRV system source code from a PMR country;- Sri Lanka will be the first country to use

Targeted Support Window (< $200,000)

# Region / Country Activity Name Key outcome / output

1 AFR/South Africa Carbon pricing and just transition in South Africa Multi-stakeholder dialogues on

pathways

3 EAP/Indonesia ETS roadmap development following feasibility Just-in-time technical input (draft regulation under discussion)

4 EAP/Thailand In-depth Capacity Building in Internal Carbon Pricing for key stakeholders

Targeted training program in new thematic area: internal carbon pricing

6 ECA/Turkey Implementation of carbon pricing communication strategy Innovation in communications plan

7 LCR/Chile Review of carbon pricing policy mix Just-in-time technical input (recent approved reform; draft new regulation)

8 LCR/Panama SSKE Exchange with Jordan and Costa Rica to support MRV system development

SSKE amongst PMR participant countries

• 12 activities supported• 6 country-level activities: case studies to share lessons / develop approaches• 3 regional-scoped initiatives: targeted SSKE & development of regional action plan proposals• 3 global/sector-specific tasks: targeted knowledge generation and dissemination

Targeted Support Window

# Region / Country Activity Name Key outcome / output

2 AFR/Regional Carbon market development for the Southern Africa Power Pool (SAPP)

Regional-scoped assessment & options reports; targeted capacity building

5 EAP/Regional Proposal to Explore Regional Climate Market Cooperation in the ASEAN

Regional-scoped assessment & options reports; targeted capacity building

9 LCR/Regional LAC Regional Working Group of National Carbon Footprint Programs

Knowledge sharing & capacity building; regional work program (proposal)

# Region / Country Activity Name Key outcome / output

10 Global: CORSIA/Aviation

CORSIA: Capacity Building for Aviation and Carbon Markets

New knowledge products and targeted capacity building events

11 Global: Soil Carbon

Scaling Soil Organic Carbon (SOC) Sequestration for Climate Change Mitigation

New knowledge products and targeted capacity building events

12 Global: ICMsCapacity Building needs assessment to enhance countries readiness for carbon pricing and international carbon markets

Further development of Assessment Tool; pilot application in PMR countries

SECTION

Regional Mitigation Cooperation on Carbon Pricing in ASEANObjective: Identify areas of regional mitigation cooperation with theuse of carbon pricing approach in ASEAN to achieve regional greengrowth and Member States’ individual NDC mitigation goals in cost-effective manner and make those goals more ambitious. .

Main activities• Review the existing analytical materials on carbon pricing

relevant to the regional mitigation cooperation: Review andstakeholder consultations, and assess precedents from otherregional carbon pricing initiatives, including carbon markets.

• Analyze carbon pricing’s potential contribution to the ASEAN'sclimate and other key agendas, feasible options of the regionalcarbon pricing: Assess potential impacts of the regional carbonpricing on the four PMR countries – Thailand, Vietnam, Indonesiaand The Philippines

• Identify the areas of regional cooperation for promoting carbonpricing

Targeted Support – ASEAN

PMR @ PA23 – 2011-20

• $125million – 13 donors• 19 Market Readiness Programs;

Four Funded Technical Partners• PMR Assembly – Decision-

making and Knowledge-sharing• Implementing countries• Contributing countries• Technical partners• Observers• Subject experts

• Knowledge management• 37 Publications• Industry-standard guidebooks (ETS,

MRV, Carbon Tax, etc.)• Flagship Reports (S&T)

• Capacity building for about 4000 professionals• 22 Assemblies• 28 Technical workshops• 8 Regional technical trainings • 3 South-South Exchanges• 10 Online courses

Two independent program evaluations

PMR into Sunset

Lessons Learned:Document experience on the process and content. (Stakeholder consultations ongoing; Report by April 2021)

Assessment of Readiness: Analysis of country output (Report by April 2021)

PMR Documents Digital Archive: Ongoing categorization / coding

Country Programs: Final Outputs; Outreach; ICRs, etc.

• PMR PA24 will be organized as ‘PMR Week’during the Innovate4Climate (I4C) event inApril 2021.

• The week will be an opportunity to featurecountry achievements, share lessons learnt/best practices, launch flagship products,partner events/sessions and announcementsof policies/programs by countries.

• As opportunity to celebrate the communityof practitioners built over a decade ofpartnership on carbon pricing readiness!

A Celebration of the PMR Community

Thank you