September 24, 2015 Sacramento, CA Pierre Guigon PMR Secretariat A LIGNING REGISTRIES WITH SPECIFIC POLICY NEEDS : KEY CONSIDERATIONS W ORKSHOP B UILDING R EGISTRIES TO S UPPORT THE N EXT G ENERATION OF C ARBON M ARKETS P ARTNERSHIP FOR M ARKET R EADINESS 2 Building Registries: Key Insight and Recommendations from Existing Experience (Day 1) Define the nature, scope and scale of the market mechanism (i.e. sliding scale) Assess risks, allocate responsibilities, and implement mitigation measures Identify interlinkages between technical, institutional and legal frameworks Engage stakeholders with a clear consultation process and timeline Anticipate scalability to manage limitations (e.g. budget, capacity) and answer evolving needs 3 Emerging Market Mechanisms: Key Observations Variety of mechanisms Different implementation timeframes and readiness stage Domestically-driven (i.e. no common regulatory basis) Different approaches (e.g. piloting) Combined and/or multiple mechanisms (Planned) Instruments in PMR Implementing Countries 4 Aligning Registries with Specific Policy Needs (Day 2) One Size Does Not Fit All Insights from REDD+, and pilots to national ETS in China Break-out group exercise What Registry Framework for What Mechanism? Leveraging Existing Infrastructure: Application to Offset Programs Developments and plans in Mexico and South Africa International offset programs (CDM, VCS) Break-out group exercise Registry Implications of Using Existing International Offset Programs 5 For more information on the Partnership for Market Readiness, please contact: WORLDBANK. ORG WWW. THEPMR. ORG Thank you for your attention