The Partnership for Market Readiness is a capacity building trust fund administered by the World Bank for the provision financing and technical assistance to projects for the reduction of greenhouse gas emission; it is also a platform for discussion on market instruments.
To build market readiness and implement market-based instruments, such as domestic Emissions Trading Systems (ETS) and crediting mechanisms.
The current Implementing Country Participants are: Brazil; Chile; China; Colombia; Costa Rica; Jordan; India; Mexico; Morocco; South Africa; Thailand; Turkey; Ukraine; and Vietnam.
This mechanism acts as a provider of financing and a platform for technical discussion and the dissemination of lessons learned and best practices.
Eligible activities are those related to capacity building, according to the baseline stage of market readiness of each country. Knowledge sharing is another important dimension of this partnership, as it allows countries to share feedback and updates.
HOW TO APPLY
Prospective Implementing Country Participants must submit an Expression of Interest and, following successful evaluation, a Market Readiness Proposal.
A list of relevant forms and guidelines is available on the website.
USD 100 million.