The Business Partnership for Market Implementation (B-PMI) is an IETA initiative which supports emerging carbon markets in select countries. Currently the B-PMI programme has active in Brazil, Indonesia, Malaysia, Vietnam, West Africa, and East Africa.
The B-PMI seeks to complement the World Bank’s Partnership for Market Implementation (PMI) programme. The World Bank’s PMI helps governments develop carbon pricing instruments to meet their NDC targets and long-term decarbonisation strategies, engage with Article 6 and generate credits. However, private sector engagement in PMI jurisdictions is limited, which represents a challenge for the programme’s political and operational viability.
To share best practices and give input on market design and policy development.
To help businesses identify opportunities in voluntary, compliance, and Article 6 markets.
To support the emergence of new global carbon pricing architecture where different domestic and international markets co-exist in an integrated and interoperable ecosystem.
In-person workshops and dialogues
Networking to improve relationships between B-PMI members, local businesses and local governments
Produce capacity building materials: webinars, audio visuals publications
IETA’s B-PMI programme and the World Bank’s PMI programme both build upon the achievements and lessons of the Partnership for Market Readiness (PMR) and the B-PMR.
The B-PMR was implemented to promote industry readiness, knowledge transfer, and policy preparation and fulfil the critical role of building business capacity by sharing real-world experience. It became a forum where experts engaged in robust dialogue with local industry stakeholders. Between 2012 and 2019, IETA’s B-PMR initiative held multiple industry-to-industry dialogues in selected PMR participating countries, such as China, South Korea, Kazakhstan, Mexico, and South Africa.
IETA welcomes member companies to support the cost of B-PMI activities to bolster local private sector voices in carbon pricing implementation.
As B-PMI dialogues involve costs that are beyond the core budget of IETA, member companies are invited to support the B-PMI at various levels (as sponsors, contributors, hosts, or pro bono supporters). Sponsors and selected Supporter companies serve on a Steering Committee to provide day-to-day guidance.
If you would like to support our engagement in countries who are developing carbon pricing instruments, please reach out to bonzanni@ieta.org.
