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
The MAAP (Mitigation Action Assessment Protocol) online interface takes a scale-based approach to provide a more nuanced assessment of the relative strengths and weaknesses of climate actions and policies.
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.
