Crediting-Related Activities under the PMR

Status and Support for Implementation

Published: 03/09/2015

By issuing transferable credits for verified emissions reductions, crediting instruments can enable wider participation and greater cost-effectiveness in achieving mitigation goals. A number of developing countries are now considering the further development of crediting instruments in their own domestic contexts, as well as international markets. The Partnership for Market Readiness (PMR) is currently supporting eight countries in the development of crediting instruments: Colombia, Costa Rica, Mexico, Morocco, Peru, Thailand, Tunisia, and Vietnam.

The PMR commissioned the Stockholm Environment Institute (SEI) and Ecofys to undertake a study of crediting-related activities planned or being undertaken by the PMR’s Implementing Country participants. Based on two main criteria - minimizing regrets and maximizing benefits – the study assesses 15 types of crediting-related activities that are currently being supported, and the extent to which they could contribute to creating market readiness. In addition, Ecofys and SEI investigated if and how the activities could stimulate scaled-up mitigation by creating a domestic environment (technical, regulatory and institutional) that can support a range of climate policies. The study also identifies opportunities for the PMR to provide further support.

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Noémie Klein
Climate Strategies and Policies
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Long Lam
Climate Strategies and Policies
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