World Bank’s PMR grants $3m to Sri Lanka for carbon pricing preparations

Published 09:49 on February 7, 2018  /  Last updated at 22:58 on September 15, 2020  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

The World Bank-led Partnership for Market Readiness (PMR) has agreed to spend $3 million helping Sri Lanka develop infrastructure that in time would allow it to participate in the international carbon market under the Paris Agreement and possibly set up a domestic emissions pricing mechanism.

The World Bank-led Partnership for Market Readiness (PMR) has agreed to spend $3 million helping Sri Lanka develop infrastructure that in time would allow it to participate in the international carbon market under the Paris Agreement and possibly set up a domestic emissions pricing mechanism.

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