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This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.

 

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Watch this space.  Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below, or visit Strategic Guidance for Country System Assessments, Guidance for Countries in Assessing ERC Projects, or Mobilizing ERC Finance.  Let us know what you think by taking a Quick Survey.

 

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Framework Component Deep Dives

Introduction to the Deep-Dives

Each component in the Country System Assessment Framework is discussed in-depth in this section to enable users to develop the Assessment for the target country. Each Component deep-dive will include:

  • Rationale & objectives: Explains why the component is critical for the Country System and discusses the overall objective that the guideposts will seek to support. This paragraph will also explain the applicability of the component to the country, as needed.

  • Guideposts for Green: Lists the typical conditions that must be in place within the Country System for the overall objective of the component to be met. In some cases, guideposts are labelled as for “Best practice” to indicate that these are likely to be resource intensive elements that may be aspirational for most countries. Each condition or sub-component will be assessed a “color” based on the guidance in Section 1.4, which will then be used to assign an overall “color” for the component.

  • Sequencing for roadmap: Explains the rationale for the phasing of the components in a typical country’s reform roadmap as explained in Section 1.4. The rationale for both the Impact and Resources needed are described, as well as the resulting “Phase,” to provide the user an example of how the concept can be applied to the target country’s context, especially in the case of competing resources to undertake reforms.

  • Models/exemplars/further deep dives: Provides potential models or exemplars that users can leverage in developing reform recommendations, including the relevant context and considerations for applicability. In some cases, the deep dives will also recommend other resources to support the Assessment.

The list of criteria is as follows:

Sections

Appropriate Institutional Mandates I1: A critical factor for the successful implementation of policies related to ERCs is the level of mandate provided to… more
Capabilities Developed I2: The successful implementation of policies relating to ERCs is highly dependent on well-resourced executing… more
Transparency and Accountability Mechanisms in… I3: Achieving transparency and accountability is crucial for the successful implementation of policies relating to ERCs.
Well-Defined Asset Rights S1: This criterion assesses whether existing country policies provide clear and unambiguous legal definitions of ERCs,… more
Globally Accepted Methodologies S3: Countries rolling out their own crediting or co-crediting systems will need to define standards or methodologies.
Streamlined Project Permitting S2: Streamlined permitting processes for ERC projects are essential for project developers to deploy capacity and… more
Defined Benefit-Sharing Frameworks S4: Find the key elements of an effective benefit-sharing mechanisms that can serve as a guide.
Robust MRV Approaches V1: Robust Monitoring, Reporting, Verification (MRV) approaches can provide the necessary support to ensure high-… more
Adequate VVB capabilities V2: Validation/verification bodies to maintain the integrity of ERCs generated by local projects, especially if the… more
Defined Article 6 Transaction Frameworks D1: Find inspiration on some potential models of Article 6 transactions
Develops Trading Infrastructure & Mechanisms D2: Find examples of strategies and initiatives to facilitate the sustainable and long-term growth of ERC demand.
Process to Conducting Assessments: Country… The Framework enables comprehensive evaluation of the given country’s ERC policies and institutional arrangements.
Note/s:

This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.