Given the increased urgency for action on climate change, as well as growing interest in carbon markets as a source of revenue against the sale of the positive externalities generated by low carbon investments, the World Bank has an important role to play in ensuring that client countries are able to benefit from markets without negatively impacting their ability 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.
