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

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

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

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

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

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

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

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

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

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

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

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

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

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

17:00 - 17:30