PMR Initiative

Carbon Market Readiness Alliance (PMR Initiative)

The Partnership for Market Readiness (PMR) initiative was created in 2010 by the World Bank. It provides financing and technical assistance to explore, develop and pilot carbon pricing instruments in beneficiary countries, with the aim of supporting a more cost-effective reduction of greenhouse gas (GHG) emissions, providing a valuable platform for learning and sharing good practices and lessons learned in the implementation of taxes, emissions trading schemes and other market-based instruments. The Government of Chile, represented by the Ministry of Energy, has been part of the PMR initiative since 2011.