As interest in carbon markets grows—as a way to generate revenue from low-carbon investments or to help meet national climate targets—the World Bank plays an important role in helping countries engage with these markets in ways that support their own priorities, including efforts to meet their Nationally Determined Contributions (NDCs).
Climate Warehouse
Successful prototyped and tested elements of the digital infrastructure will be operationalized to build the market infrastructure. Examples includes a metadata layer (the Climate Action Data Trust), digital MRV systems, open-source national carbon registries, the ability to issue and track digital carbon assets (native and permissioned tokens), and a one-stop resource platform that enhances knowledge sharing and capability building - the Climate Warehouse Hub.
Climate Market Club
The Club is a group of national governments that jointly develop modalities for piloting activities under Article 6.2 of the Paris Agreement.
MAAP-ITR
The Mitigation Action Assessment Protocol for International Transfer Readiness (MAAP-ITR) helps countries assess their readiness to engage in carbon markets. The tool highlights key gaps and capacity-building needs, supporting dialogue between governments and development partners. By doing so, it guides the development of the institutional frameworks and market infrastructure needed for effective participation in carbon markets.
MDB Working Group
The MDB Working Group on Article 6 of the Paris Agreement (MDB WG) is a group of multilateral development banks (MDBs) that are working on the design and piloting of carbon market and non-market mechanisms under Article 6 of the Paris Agreement.
