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