B-PMI

The Business Partnership for Market Implementation (B-PMI) is an IETA initiative which supports emerging carbon markets in select countries. Currently the B-PMI programme has active in Brazil, Indonesia, Malaysia, Vietnam, West Africa, and East Africa.

The B-PMI seeks to complement the World Bank’s Partnership for Market Implementation (PMI) programme. The World Bank’s PMI helps governments develop carbon pricing instruments to meet their NDC targets and long-term decarbonisation strategies, engage with Article 6 and generate credits. However, private sector engagement in PMI jurisdictions is limited, which represents a challenge for the programme’s political and operational viability.

B-PMI Objectives

To share best practices and give input on market design and policy development.

To help businesses identify opportunities in voluntary, compliance, and Article 6 markets.

To support the emergence of new global carbon pricing architecture where different domestic and international markets co-exist in an integrated and interoperable ecosystem.

B-PMI Approach

In-person workshops and dialogues

Networking to improve relationships between B-PMI members, local businesses and local governments

Produce capacity building materials: webinars, audio visuals publications

History of the B-PMI

IETA’s B-PMI programme and the World Bank’s PMI programme both build upon the achievements and lessons of the  Partnership for Market Readiness (PMR) and the B-PMR.

The B-PMR was implemented to promote industry readiness, knowledge transfer, and policy preparation and fulfil the critical role of building business capacity by sharing real-world experience. It became a forum where experts engaged in robust dialogue with local industry stakeholders. Between 2012 and 2019, IETA’s B-PMR initiative held multiple industry-to-industry dialogues in selected PMR participating countries, such as China, South Korea, Kazakhstan, Mexico, and South Africa.