| Financier | Commitments |
|---|---|
| Partnership for Market Readiness | 4.98 |
Market Instruments for climate change mitigation in Chile
Development Objective
The objectives of the Project are to provide technical assistance to the Beneficiary in the design and implementation of a Monitoring, Reporting and Verification (MRV) framework and registry, and the design and preparation of one or more carbon pricing instruments in the energy sector.
Key Details
Project Details
P130378
Closed
Patricia Marcos Huidobro
AGCI
May 15, 2014
(as of board presentation)
August 27, 2014
September 5, 2014
US$ 3.00 million
Ministry of Energy
2015
US$ 4.98 million
C
August 30, 2024
August 31, 2019
BANK APPROVED
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 | 4.98 |
| Total Project Cost** | 3.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
Detailed Financial Activity as of February 28, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2019-06-14 |
| Overall | Low | 2019-06-14 |
| Overall Implementation Progress (IP) | Satisfactory | 2019-06-14 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-05-2020 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
One or more carbon pricing instruments and associated infrastructure recommended to the Government and concrete activities to develop specific elements proposed Value No Yes Yes Date September 4, 2014 August 31, 2019 August 31, 2019 Comment MRV framework and registry established within the energy sector Value No Yes Yes Date September 4, 2014 August 31, 2019 August 31, 2019 Comment Knowledge, awareness, and capacity developed in the public and private sector in relation to the design and implementation of carbon pricing instruments. Value No Yes Yes Date September 4, 2014 August 31, 2019 August 31, 2019 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Regulatory Analyses for carbon pricing mechanisms in Chile Value No Yes Yes Date September 4, 2014 August 31, 2019 August 31, 2019 Comment Design and establishment of an integrated MRV Platform (MRV 3.0) specifically for the energy sector that goes beyond the carbon tax Value No Yes Yes Date May 25, 2017 August 31, 2019 August 31, 2019 Comment Design of a climate policy simulator tool for the energy sector Value No Yes Yes Date May 19, 2017 August 31, 2019 August 31, 2019 Comment Development and execution of a stakeholder and communication strategy Value No Yes Yes Date May 19, 2017 August 31, 2019 August 31, 2019 Comment Economic Analysis for carbon pricing mechanisms in Chile Value No Yes Yes Date September 4, 2014 August 31, 2019 August 31, 2019 Comment Institutional Analysis for carbon pricing mechanisms in Chile Value No Yes Yes Date September 4, 2014 August 31, 2019 August 31, 2019 Comment Design and Implementation of MRV system Value No Yes Yes Date September 4, 2014 September 4, 2017 August 31, 2019 Comment Design and implementation of a bottom up registry Value No Yes Yes Date September 4, 2014 September 4, 2017 August 31, 2019 Comment Number of workshops, training events and in-country visits Value 0.00 20.00 25.00 Date September 4, 2014 August 31, 2019 August 31, 2019 Comment