2025 Global Knowledge Forum of the Partnership for Market Implementation (PMI) Facility

08 - 09 Jun 2025 Sevilla, Spain

Cover Image: 2025 PMI Global Knowledge Forum

The 2025 Global Knowledge Forum facilitated insightful exchanges, addressed challenges, and showcased progress in deploying carbon pricing instruments and carbon market mechanisms that help meet global climate and development goals. This year's forum gathered implementing and donor countries, policymakers, knowledge partners, and experts for dialogue and collaboration. Through interactive and participatory sessions, participants engaged in meaningful discussions on emerging opportunities, best practices, and lessons learned in addressing barriers to effective implementation.

Through the World Bank’s Partnership for Market Implementation (PMI) initiative, countries are making progress towards developing carbon pricing and market-based approaches for impactful development outcomes. Enhanced collaboration, exchange and knowledge-sharing can enable the effective design and implementation of these instruments, supporting both climate and development goals, particularly in emerging economies.

Day 1 of the forum presented updates from PMI participating countries, management, and knowledge partners, as well as peer-to-peer learning sessions that help PMI participating countries and regional programs make progress on their high-level action plans.

Day 2 was jointly convened with the Transformative Carbon Asset Facility (TCAF) and Carbon Initiative for Development (Ci-Dev), offering broader perspectives on country action in carbon markets—from building robust national enabling frameworks and generating high-quality carbon assets through strategic sector programs to advancing market infrastructure and unlocking monetization opportunities.

For more information, contact: pmiclimate@worldbank.org.

DAY 1 - Advancing Carbon Pricing in PMI countries: Driving Country Action and Policy Innovation
Welcome Session

The Climate Change Group Global Director and a representative from Spain, hosting the forum, will set the stage for an interactive exchange of experiences.
11:00 - 11:20
Session A1. Understanding the country-level needs: Where are we now and where are the gaps?

This interactive session will provide an opportunity for country participants to connect, exchange information on progress and challenges in advancing carbon pricing and markets, and identify priority needs. Key insights will be reported back to the broader forum to inform action and coordination across the partnership.
11:00 - 11:20
Session A2. How the PMI partnership is helping

In response to the ambitions expressed by country participants, this segment will position PMI within the broader context of current developments in carbon pricing and markets, highlight recent program progress, and describe the types of support countries can expect from the partnership.
12:15 - 12:35
Session A3. Taking the carbon pricing agenda forward: Experiences of countries implementing domestic carbon pricing instruments
PMI countries will share their experiences in designing and implementing domestic carbon pricing instruments. Their presentations of lessons learned will focus on addressing the needs identified by countries in session A1.
- Country 1: Selection of the appropriate carbon pricing instrument
- Country 2: Handling the political economy and sustaining its operation
- Country 3: Distributional aspects and appropriate use of revenues generated
- Country 4: Identification and establishment of required infrastructure
13:30 - 15:00
Session A4. What global trends should be on our minds? Putting a price on carbon and enhancing climate action

In light of recent trends and developments in carbon pricing and carbon markets, as highlighted in the 2025 version of the State and Trends of Carbon Pricing report, PMI countries will present recent changes in their carbon pricing policy mix and share their first-hand experience.
15:00 - 16:00
Session A5. Preparing for the future: How countries will respond to CBAM

This session will examine the role of carbon pricing policies under broader international climate policy frameworks such as carbon border adjustment mechanisms (CBAM) and discuss implications on reporting requirements for countries.
16:15 - 17:00
Session A6. What does it mean for us?
In group discussions, countries update each other based on three prompts:
1. What have we learned from sessions and peer-to-peer exchanges?
2. What are our next steps?
3. How can PMI and knowledge partners help fill capacity gaps in implementation?
17:00 – 17:45
DAY 2 - Engaging in International Carbon Markets: Strategies, Decisions, and Partnerships
Session B1. Knowledge Update: International Carbon Markets

Session B1. Knowledge Update: International Carbon Markets
Knowledge partners and PMI management will present the latest developments in carbon markets, market size, promises for the future, as well as uncertainties. The session will highlight paths forward for countries.
09:10 - 10:20
Session B2. Navigating Decisions on Carbon Markets
The path to accessing and leveraging carbon markets is paved with complex decisions, which are summarized in a recent document: "Navigating Decisions on Carbon Markets" and elaborated in a detailed guidance document that will be launched during I4C. This session will introduce the corresponding decision tree, go over the PMI online Knowledge Center, and feature a panel of countries discussing how they are navigating their own decisions.
Examples of experiences for different steps:
- Authorizations
- Registry
- Pricing strategy
- Positive lists
10:35 - 12:35
Session B3. Innovative crediting approaches
Countries that are open to innovation and risk-taking are setting the stage with their new approaches for generating and managing emission reductions. Building on the practical experiences of various World Bank carbon market initiatives and other market players, this session will showcase examples of projects and programs using different crediting approaches and how they are supported by relevant policy and regulatory frameworks. Representatives of different approaches:
- Standardized crediting framework
- Policy crediting
- Jurisdictional crediting
- Transition credits
13:30 - 14:30
Session B4. Strategies for Accessing Carbon Markets

Countries that are generating high quality carbon credits need different strategies—during the design and implementation phases—to identify opportunities for monetizing carbon credits. In this session, carbon market sellers (countries) and buyers (countries, organizations, private sector players) will discuss the requirements, gaps, opportunities and challenges and how countries are developing their strategies to access markets.
14:30 - 15:30
Session B5. Peer-to-peer learning and country mentoring

Presenters from sessions B2, B3 and B4, joined by knowledge partners and fund managers, will set round-robin stations around the room and invite other participants to ask questions or engage in one-on-one consultations. The session will encourage further online and offline collaboration among participating countries beyond the Global Knowledge Forum.
15:45 - 17:00
Closing: Partnerships for Development

Round ups and one-sentence takeaways from a sample of different participants (PMI countries, donors, partners).
17:00 - 17:30

Meeting Documents

PMI Global Knowledge Forum 2025 Agenda 299.79 KB

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2025 Global Knowledge Forum of the Partnership for Market Implementation (PMI) Facility

08 - 09 Jun 2025