| Financier | Commitments |
|---|---|
| Partnership for Market Readiness | 2.00 |
China Partnership for Market Readiness
Development Objective
The Project Development Objective is to enable China to design a national carbon emissions trading scheme.
Key Details
Project Details
P166983
Closed
Laurent Granier
People's Republic of China
November 21, 2018
(as of board presentation)
April 10, 2019
N/A
US$ 2.00 million
National Center for Climate Change Strategy and International Cooperation (NCSC)
2019
US$ 2.00 million
C
Not Applicable
August 31, 2020
Yes
BANK APPROVED
July 16, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 2.00 |
| Total Project Cost** | 2.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Submission of a proposal for the national ETS design Value N/A Under Implementation Submission of Proposal Date April 1, 2014 May 16, 2018 March 1, 2019 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Proposal on methodologies of scope, coverage, cap setting and allocation Value N/A Under implementation Report Date April 1, 2014 May 16, 2018 March 1, 2019 Comment Proposal on legal framework and oversight system Value N/A Under implementation Report Date April 1, 2014 May 16, 2018 March 1, 2019 Comment Proposal of MRV system for the national ETS Value N/A Under implementation Report Date April 1, 2014 May 16, 2018 March 1, 2019 Comment Proposal to improve the ETS registry Value N/A Under implementation. Report Date April 1, 2014 May 16, 2018 March 1, 2019 Comment Thematic report on SOEs Value N/A Under implementation. Report Date April 1, 2014 May 16, 2018 March 1, 2019 Comment Thematic report on Power Sector Value N/A Under implementation Report Date April 1, 2014 May 16, 2018 March 1, 2019 Comment Synthesis report Value N/A Not yet due Synthesis Report Date April 1, 2014 May 16, 2018 March 1, 2019 Comment Allocation methodologies and mechanisms informed Value Allocation mechanisms not studied. Allocation principles issued. Studies on allocation mechanisms done. Date September 8, 2018 September 8, 2018 December 31, 2018 Comment Forward looking policies for a liquid market informed Value No design on promoting carbon trading No design on promoting carbon trading. Studies done on forward looking policies Date September 8, 2018 September 8, 2018 December 31, 2018 Comment Supplementary regulatory system informed Value Studies on supplementary regulatory not done yet. Studies on supplementary regulatory not done yet. Studies done. Date September 8, 2018 September 8, 2018 December 31, 2019 Comment