Public Disclosure Copy The World Bank Implementation Status & Results Report Partnership for Market Readiness 2 Project (P168730) Partnership for Market Readiness 2 Project (P168730) EUROPE AND CENTRAL ASIA | Turkey | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2019 | Seq No: 1 | ARCHIVED on 21-May-2019 | ISR36710 | Implementing Agencies: Ministry of Environment and Urbanization, Republic of Turkey Key Dates Key Project Dates Bank Approval Date:05-Feb-2019 Effectiveness Date:01-May-2019 Original Closing Date:31-Dec-2020 Revised Closing Date:31-Dec-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective(DO) is to support Turkey in developing the legal, institutional and technical framework for piloting an emissions trading scheme (ETS). Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Moderately Satisfactory Overall Implementation Progress (IP)  --  Moderately Satisfactory Implementation Status and Key Decisions The Project only became effective on May 1, 2019 and is still in too early a stage to report on progress. Risks 5/21/2019 Page 1 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Partnership for Market Readiness 2 Project (P168730) Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  Moderate  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL Necessary framework for implementation of an ETS pilot in Turkey is ready, as a result of the development the technical, legal, and institutional underpinnings, through engaging key stakeholders (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Necessary technical, legal, and institutional framework for implementation Framework for activities have been of an ETS is Value implementation of an ETS -- initiated drafted and not available submitted to CC and Air Quality Coordination Board Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL legal studies for initiating and operating a pilot emissions trading scheme are developed in collaboration with the Necessary CCAMCB member institutions. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Legal studies activities have been are prepared Such legal studies do not initiated and consultant Value -- and discussed exist is being hired to carry by out the work stakeholders. Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 5/21/2019 Page 2 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Partnership for Market Readiness 2 Project (P168730) PHINDIRITBL Main elements of a Climate Change Law is drafted (Text, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Main elements of a climate change law is activities have been drafted and CC draft Law does not initiated and consultant Value -- submitted to exist is being hired to carry CC and Air out the work Quality Coordination Board Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 PHINDIRITBL Carbon pricing/ETS Regulations are drafted through a consultative process. (Text, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Draft Carbon pricing/ETS Regulations are the consultant is being drafted and Such regulation drafts are Value -- hired to initiate submitted to not ready necessary activities CC and Air Quality Coordination Board Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 PHINDIRITBL Identification of an ETS cap and a national allocation plan is completed. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target ETS cap and a national allocation plan activities have been preparation are initiated and a completed and Value Such studies do not exist -- consultant is being hired submitted to to carry out the work CC and Air Quality Coordination Board. Date 21-Nov-2018 -- 03-May-2019 31-Mar-2020 5/21/2019 Page 3 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Partnership for Market Readiness 2 Project (P168730) PHINDIRITBL An ETS registry is created. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target consultant hiring ETS registry is Value There is no ETS registry -- process has created. commenced Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 PHINDIRITBL Number of stakeholders participated in trainings. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 150.00 Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 PHINDIRITBL Number of stakeholders participated in ETS simulation (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 25.00 Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 PHINDIRITBL Number of female stakeholders participated in trainings (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 75.00 Date 26-Nov-2018 -- 03-May-2019 30-Jun-2020 5/21/2019 Page 4 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Partnership for Market Readiness 2 Project (P168730) PHINDIRITBL Number of participants attended to events and workshops. (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 250.00 Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 PHINDIRITBL Number of female participants attended to events and workshops. (Amount(USD), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 26-Nov-2018 -- 03-May-2019 30-Jun-2020 PHINDIRITBL Number of public awareness activities and communication materials produced. (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 Date 21-Nov-2018 -- 03-May-2019 30-Jun-2020 Overall Comments the Project has been effective on May 1, 2019 and it is too early to progress on some indicators Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P168730 TF-A9626 Effective USD 2.00 2.00 0.00 0.00 2.00 0% Key Dates (by loan) 5/21/2019 Page 5 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Partnership for Market Readiness 2 Project (P168730) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P168730 TF-A9626 Effective 07-Feb-2019 21-Feb-2019 01-May-2019 31-Dec-2020 31-Dec-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 5/21/2019 Page 6 of 6 Public Disclosure Copy