The issues around the environmental integrity of international market mechanisms have gained a great deal of attention in the wake of the Paris Agreement. In addition, with the agreement on market-based measures for international aviation being reached, these issues are likely to gain even more...

South Africa has a comprehensive climate change response strategy to support the transition to a low carbon economy and a climate-resilient society. Improving the national Greenhouse Gas (GHG) inventory and implementing a carbon tax are but two elements that form part of this transition....

South Africa's National Climate Change Response Policy (NCCRP) sets out a number of key goals. Reaching these goals will enable South Africa to meet its commitments under the United Nations Framework Convention on Climate Change (UNFCCC). They key elements that will ensure South Africa can...

Carbon pricing instruments (CPIs) involve large legal and financial interests. Trust in the accuracy and integrity of the reported data is therefore a prerequisite for a well-functioning instrument. To ensure accuracy and integrity of data, a robust monitoring, reporting, and verification (MRV)...

Carbon pricing is an important instrument in addressing climate change. However, a well-functioning carbon pricing instrument needs a robust framework to quantify GHG emissions (including removals) underpinned by high quality data. This data can help policy makers set the level of a carbon tax...

The World Bank's partnership for market readiness (PMR), through grant support and technical assistance, supported 23 emerging economies and developing countries in building their institutional and human capacities to design, institute, and implement carbon pricing instruments, such as emission...

Putting a price on carbon can be an indispensable part of a country's strategy to reduce emissions in an efficient way. Furthermore, putting a price on carbon through international carbon markets can also offer significant cost benefits and enable flexibility in achieving emission reduction...

This guide to developing domestic carbon crediting mechanisms is intended to assist national and subnational policymakers considering whether and how to establish a carbon crediting mechanism in their jurisdiction. The guide provides insights into the decision points for designing a crediting...

Mexico has made great strides recently in its fight against climate change. The enactment of the Climate Change Law in 2012 and its reform in 2018 led to the creation of a series of administrative and policy instruments to guide domestic action on climate mitigation and adaptation. The...

Costa Rica ratified the United Nations Framework Convention on Climate Change (UNFCCC) in 1994 and has since developed and implemented national climate policies in accordance with its principles, primarily through the Ministry of Environment and Energy (MINAE) and its institutional structures....