Expression of Interest For Partnership For Market Implementation (Pmi) - Ecuador

Expression of Interest are invited for Partnership for Market Implementation (PMI) - Ecuador The Partnership for Market Implementation (PMI) helps countries design, test, and implement carbon pricing instruments aligned with their development priorities. It is a 10-year program that offers an ambitious and long-term vision to support both the design and implementation of carbon pricing instruments and the preparation of countries for their potential participation in the international carbon market. The PMI supports programs and policies in different jurisdictions and sectors that introduce clear price signals on carbon emissions and contribute to the Paris Agreements goal of limiting temperature rise to 1.5°C. The PMI is the successor program to the successful effort of the World Banks Partnership for Market Readiness (PMR), which from 2011 to 2021 supported emerging economies and developing countries to design and implement market and carbon pricing instruments to facilitate emission reductions. The PMR provided financing and technical assistance to 23 countries, all of which now have the basic aspects to establish a carbon pricing system. The PMI responds to the growing demand for support for the implementation of carbon pricing by countries. More than half (69 of 195 countries) have indicated that they are planning or considering the use of carbon pricing to meet their NDCs. The Partnership was launched in 2021 to support countries embarking on carbon pricing to move from preparation to implementation. In the Ecuadorian context, PMI financing will support the development of the national market for the voluntary carbon footprint management program and its greenhouse gas emissions compensation scheme in Ecuador by providing technical assistance to promote the implementation of the Ecuador Zero Carbon Program (PECC). The objective will be achieved by providing support in: Strengthening the capacities of the private sector to adhere to the PECC, assume increasingly ambitious commitments within the framework of the PECC, and implement corporate strategies to achieve net-zero carbon emissions reductions, including the use of the national compensation scheme. Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/5427/view.html