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The Partnership for Market Implementation was unveiled today which was initiated by World Bank and which will provide technical assistance to countries to design, pilot and implement carbon pricing and market instruments. Turkey is also involved in this project. It will support the direct implementation of carbon pricing in at least 10 developing countries and help a further 20 countries get ready to do so.
The Partnership is a response to increased demand for carbon pricing implementation support and knowledge exchange. Here are the main objectives of the Project:
- Support countries and jurisdictions in the development and implementation of carbon pricing instruments;
- Assist countries to cooperate with each other, via the operationalization of Article 6 of the Paris Agreement;
- Help countries identify and implement best practices and, where relevant, achieve compatibility with other countries' carbon pricing and markets;
Partnership is expected to begin operations in July 2020.