Quick Facts

35 national and sub-national jurisdictions, and the European Commission
19 Implementing Country Participants, 13 Contributing Participants, and 9 Technical Partners
Total capitalization of $127 million
16 countries have completed road maps for carbon pricing readiness
$71.5 million allocated to governments to implement readiness activities
19 Technical Notes, 55 Technical Workshops and other knowledge exchanges

Resources

Build countries’ capacity to develop and implement carbon pricing instruments needed for GHG mitigation and NDC implementation through grant funding;
Create a knowledge base on carbon pricing instruments and facilitate information exchange through technical discussions and dissemination of knowledge products;
Assist countries to identify and implement best practice approaches and, where relevant, achieve compatibility in design to support the development of carbon markets; and
Inform the national and international policy discussions on GHG mitigation by sharing lessons learned and providing a platform for collective innovation on carbon pricing instruments.

PMR Annual Reports highlight results, summarize activities, and report on the status of the trust fund

Download Annual Report FY 2020

Chile, Argentina, and South Africa have been implementing carbon tax programs;
Kazakhstan has an ongoing emissions trading system/scheme (ETS) in place, the only Central Asian country with that distinction
Ukraine’s parliament ratified a landmark monitoring, reporting, and verification (MRV) law, and Jordan also has an MRV system in place.
The Indian government accepted the PMR study recommendations for a market-based instrument in the small and medium-sized enterprises (SME) sector.
Mexico has published the schedule for their ETS pilot program.
Indonesia, Thailand, Turkey, and Vietnam have made progress in their feasibility studies to determine the appropriate carbon pricing instrument best suited to their local conditions.
A noteworthy activity in capacity building is the twin regional workshops conducted on “communicating carbon pricing” in Costa Rica and Turkey

Download Annual Report FY 2019

Singapore and South Africa implemented a carbon tax – the first carbon pricing instrument implemented in Africa – and Colombia, Mexico, Ukraine, and Vietnam are exploring emissions trading options.
Jordan passed a climate change by-law to support climate action, including a measuring, reporting,and verification (MRV) system and registry;
Ukraine passed draft legislation on an MRV; and
Turkey completed its market readiness program and is currently examining the feasibility of an emissions trading system (ETS) with additional financing from the PMR.