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PMI Newsletter Special Edition: Innovate4Climate Recap
In this issue, we present a recap of key events: Innovate4Climate and the Global Knowledge Forum. Here's your one-stop snapshot capturing the latest highlights from the events shaping the carbon pricing and market landscape, so you can stay informed and updated. Scroll for more details below.
| | The Innovate4Climate 2025 conference wrapped up on Jun. 12, with insights, key takeaways, and perspectives from opinion leaders in government, civil society, finance, business, and international organizations. Convening around the theme: “Harnessing Carbon Markets and Carbon Pricing for Smarter Development and Stronger Economies,” the event featured high-level panels, technical workshops, and showcased innovative initiatives. Thanks for your participation! Watch this recap of events above, read more below, and click here to keep connected! | | Blog: Why Carbon Pricing Matters—Even More in Challenging Times | | |
"Governments today face growing fiscal pressures amid global uncertainty. In this context, carbon pricing and markets offer a triple win: they mobilize finance, drive innovation, and deliver both climate and development goals."
— Axel van Trotsenburg, Senior Managing Director at The World Bank
| | Launching: The World Bank’s Landmark Carbon Pricing Report | | The annual State and Trends of Carbon Pricing 2025 report, a leading global reference on carbon pricing and markets, was launched at I4C, featuring a panel of experts. The report serves as a key reference for policymakers, industry leaders, and climate experts, offering the latest data and insights on carbon pricing developments globally. It provides a trusted evidence base to compare trends and inform decision-making on carbon pricing and markets across countries. | | | Launched at I4C, this seven module series is designed to help countries explore and address key questions about their participation in international carbon markets. Its purpose is to support countries in leveraging these markets to mobilize financing for climate action and broader development goals, while managing related risks. It presents a range of options, evaluates their advantages and limitations, and supports informed, strategic decision-making. | | As a follow-up to the "Navigating Decisions in Carbon Markets" framework, launched at COP29, this guidance also aims to address fragmentation in the capacity building landscape and was co-developed with the Paris Agreement Article 6 Implementation Partnership (A6IP), the Global Green Growth Institute (GGGI), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Integrity Council for the Voluntary Carbon Market (ICVCM), the United Nations Development Programme (UNDP), the United Nations Framework Convention on Climate Change (UNFCCC), and the Voluntary Carbon Markets Integrity Initiative (VCMI). Learn More. | | Technical Guidance for Safe, Efficient, and Interoperable Carbon Markets Infrastructure | | This series of five technical guidance notes provides recommendations to countries and stakeholders for addressing key challenges related to ecosystem governance, transaction integrity, information security, data interoperability, and digital Monitoring, Reporting, and Verification. By offering practical tools, shared standards, and actionable recommendations, these notes aim to enhance trust, scalability, and transparency in carbon market systems. This complements global efforts and informs ongoing capacity-building initiatives worldwide. Through these notes, the Carbon Markets Infrastructure Working Group (CMI WG), convened by the World Bank under its Engagement Roadmap for Carbon Markets, the collective effort of over 45 entities to strengthen global infrastructure for high-integrity carbon markets. View Report. | |
Global Knowledge Forum 2025 | |
The PMI Global Knowledge Forum wrapped up on Jun. 9, convening over 150 stakeholders from governments, including PMI client and donor countries, knowledge partners, think tanks, and the private sector—key players in shaping carbon pricing and market agendas. The forum also convened countries engaged through The Transformative Carbon Asset Facility (TCAF) and Carbon Initiative for Development (Ci-Dev), which co-hosted day two of the event.
Participants shared experiences, identified common challenges, and charted paths to scale carbon pricing and markets as tools for mobilizing climate and development finance. Discussions centered on the need to embed carbon pricing and markets in country long-term strategies and climate commitments, align with broader fiscal and environmental reforms, manage competitiveness and political economy considerations, and leverage revenues effectively. Knowledge partners also discussed how they can better align their efforts to support countries more effectively across the full carbon pricing and carbon markets journey—from building capacity and designing policies to implementation and market access. Get the full agenda and details.
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It's a wrap! Thanks for your engagement and participation in Innovate4Climate and the Global Knowledge Forum 2025.
Stay Connected 👇
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The Partnership for Market Implementation (PMI) is a platform for development that helps countries design and operationalize carbon pricing and catalyze market instruments, build institutional capacity, and respond to evolving global demands.
Launched in 2021, PMI currently provides technical assistance to over 35 countries to create an enabling environment that enhances country readiness for decision-making and carbon pricing policy implementation, while also building capacity to access carbon markets. PMI also serves as a trusted convener, facilitating alignment between recipient countries, donors, and technical partners across regions.
PMI is supported by 11 donors: Australia, Canada, the European Commission, Finland, Germany, Japan, Norway, Spain, Sweden, Switzerland, and the United Kingdom. PMI programs are implemented in collaboration with World Bank Group regions, country management units, and global practices to leverage expertise and support operational activities for global development.
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Partnership for Market Implementation (PMI), World Bank
For contributions to our newsletter, please reach out to us at:
pmiclimate@worldbank.org.
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