Announcements & Press Releases
The World Bank and Japan's Ministry of Environment announced a collaboration on the Joint Crediting Mechanism, to support the establishment of climate markets and carbon pricing, through the Bank’s programs such as Partnership for Market Readiness successor program, Innovate4Climate, Carbon Pricing Leadership Coalition, and Climate Warehouse.
The World Bank is supporting Chile’s Ministry of Energy to achieve low-emission energy sector goals, provide a replicable framework for generating mitigation outcomes, and demonstrate the important role climate markets will play under Article 6 of the Paris Agreement.
The MDB Vice-Presidents and Senior Directors agreed to establish an MDB Working Group (WG) to support the design and operationalization of Article 6 during the IMF-WBG Annual Meetings in October 2017. Announcement and joint statement are published here.