The ‘Partnership for Market Readiness’ (PMR) is a World Bank technical and financial assistance programme, intended to help developing and emerging countries prepare a roadmap for implementing carbon pricing measures.
Tunisia joined this initiative in order to promote the development of carbon reduction measures in energy-intensive sectors, and strengthen mitigation and decarbonization policies in the Tunisian economy. This US$3.1 million project is jointly managed by ANME (PMR focal point) and UNDP (Implementing Partner) and includes around fifteen activities:
Specific activities relate to the design of three carbon pricing instruments:
- The introduction of a carbon tax to contribute to the resources of the Energy Transition Fund (FTE);
- A carbon pricing measure for the cement industry to encourage investment in projects relating to renewable energy, energy efficiency, alternative energies (RDF – Refuse Derived Fuel) and a reduction in the rate of clinker / cement;
- A carbon pricing measure for the electricity industry to encourage investment in projects to reduce electricity demand and to use renewable sources of generation.
Horizontal activities focus principally on communication and capacity building.