PARTNERSHIP FOR MARKET READINESS TURKEY PROGRAM (PMR)
“Shaping the Next Generation of Carbon Markets”
Fifth Assessment Report (2013) of Intergovernmental Panel on Climate Change (IPCC) underlines the necessity to limit the average temperature rise to 2° above the pre-industrial levels in order to ensure safe continuity of existence of human beings and other living things on earth. The Report also highlights the necessity for maximum efforts by all counties in order to reduce greenhouse gas emissions by 2030 for the purpose of preventing irreversible effects of climate change; and it states that any postponement in the emission reduction in and after 2030 would lower the possibility of limiting temperature rise to 2° temperature and also increase the costs to be incurred to reduce emissions and perform climate change adaptation activities. Furthermore, Paris Agreement, an outcome of the 21st Paris Climate Conference (COP21) held in 2015, stipulates that states will develop their emission reduction policies so as to limit the greenhouse emission rates to ° 2 ° C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5 °C.
Given the fact that developing countries will constitute 65% of the global energy demand in 2040 and rapidly increasing population and urbanization rates in these countries, these countries are believed to play a critical role in efforts to pursue the target of limiting the global temperature change to 1.5-2°. Originating from Kyoto Protocol, new climate regime also encourages developing countries, in addition to the developed ones, to reduce emission rates in a decisive manner.
Launched by the World Bank in 2011, Partnership for Market Readiness (PMR) is a technical assistance program aiming at supporting developing countries which have significant importance in the global fight against climate change in their efforts to reduce greenhouse gas emission, through effective use of market-based instruments (MBIs).
PMR Aims at
- Encouraging market-based approaches in reducing greenhouse gas emissions
- Encouraging innovative carbon pricing instruments
- Serving as a platform for technical discussions
- Providing innovative and collective approach for market instruments
- Sharing its experiences with international community including the parties of United Nations Framework Convention on Climate Change.
PMR Implementing Countries:
Each PMR Implementing Country identifies the objective and the related activities under the PMR Country Project in line with their national interests and needs. Below is a summary of what each country aims to achieve nationally.
PARTICIPANTS AND PROCESS
The PMR is made up of Contributing Participants, which provide financial support to the PMR Trust Fund, and Implementing Country Participants, which receive funding and technical support. Together, they make up the PA, the PMR’s decision-making body. Technical Partners are countries or sub-national jurisdictions at an advanced stage of implementing a carbon pricing instrument. They engage with the PMR through various collaborative activities or, if needed, receive technical assistance. The Participants Process consists of two phases, following an initial expression of interest: a Preparation Phase in which they formulate a Market Readiness Proposal (MRP) and an Implementation Phase in which they implement the activities identified in the MRP. MRPs are final – ized and presented to the PA for funding allocation. Technical assistance is provided by Delivery Partners and the Secretariat for both the preparation and implementation of the activities laid out in the MRPs. This map shows the different categories of Participants. It also indicates which stage in the process the Implementing Country Participants are at.