| Financier | Commitments |
|---|---|
| Partnership for Market Implementation Facility | 5.00 |
Chile Partnership for Market Implementation
Abstract*
The Partnership for Market Implementation (PMI) project seeks to support the Government of Chile (GoCh) to continue and expand the work initiated under the Partnership for Market Readiness (PMR) to achieve its ambitious Nationally Determined Contribution (NDC) objectives. The project will provide technical assistance to support the design and implementation of carbon pricing instruments and the development of policy frameworks and infrastructure systems... Show More
Development Objective
The proposed Development Objective is to support the Government of Chile in the implementation of domestic carbon pricing instruments and its participation in international carbon markets.
Key Details
Project Details
P179746
Active
Ines Perez Arroyo , Janina Franco Salazar
Chilean International Cooperation Agency for Development (AGCID)
March 22, 2023
(as of board presentation)
October 30, 2023
March 26, 2024
US$ 5.00 million
Ministry of Energy,Chilean International Cooperation Agency for Development (AGCID),Ministry of Environment
2024
US$ 5.00 million
N/A
Low
March 31, 2027
Yes
BANK APPROVED
April 1, 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 | 5.00 |
| Total Project Cost** | 5.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
National Policy for Art. 6 of the Paris Agreement designed Value No No Yes Date October 13, 2023 January 24, 2024 January 29, 2027 Comment National carbon tax offset system and GHG standards operational Value No No Yes Date October 13, 2023 January 24, 2024 December 31, 2026 Comment Energy Sector Cap and Trade Pilot designed and implemented Value No No Yes Date October 13, 2023 January 24, 2024 March 31, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Technical Standards and procedures adopted for offsets and GHG Standards Value No No Yes Date October 13, 2023 January 24, 2024 March 31, 2025 Comment National and Sub-National entities trained on new CPIs Value 0.00 0.00 40.00 Date October 13, 2023 January 24, 2024 October 31, 2025 Comment Socio-economic modelling of proposed CPIs completed Value No No Yes Date October 13, 2023 January 24, 2024 April 30, 2026 Comment Identification of groups vulnerable to CPI implementation Value No No Yes Date October 13, 2023 January 24, 2024 March 31, 2026 Comment Technical and economic design for the Energy C&T pilot completed Value No No Yes Date October 13, 2023 January 24, 2024 April 30, 2025 Comment New international collaboration agreements on CPIs and Article 6 of the Paris Agreement signed Value 0.00 0.00 4.00 Date October 13, 2023 January 24, 2024 October 31, 2025 Comment Definition of a communications strategy for CPIs Value 0.00 0.00 1.00 Date October 13, 2023 January 24, 2024 April 30, 2025 Comment