The World Bank Implementation Status & Results Report South Africa Partnership for Market Readiness (P155885) South Africa Partnership for Market Readiness (P155885) AFRICA | South Africa | Environment & Natural Resources Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2017 | Seq No: 5 | ARCHIVED on 30-Jun-2019 | ISR37900 | Implementing Agencies: Republic of South Africa, National Treasury Key Dates Key Project Dates Bank Approval Date: 21-Dec-2016 Effectiveness Date: 03-Mar-2017 Planned Mid Term Review Date: 31-Jul-2019 Actual Mid-Term Review Date: -- Original Closing Date: 30-Jun-2020 Revised Closing Date: 30-Jun-2020 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to strengthen the readiness of the government of South Africa for the design, preparation and implementation of a carbon pricing instrument. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Supporting the refinement of the design of the carbon tax through analytical work:(Cost $0.75 M) Strengthening the capacity of the government to enhance data management and measurement, reporting and verification (MRV) systems:(Cost $2.47 M) Supporting the design of the carbon offset scheme:(Cost $3.00 M) Communication, stakeholder engagement and support to project administration:(Cost $0.78 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions Project implementation has been slow due to delays in undertaking and finalizing procurement activities. Nonetheless, there has been progress on the major activities and the project is on track to achieve its development objective if the agreed implementation plan is adhered to. The Grant Agreement for the South Africa Partnership for Market Readiness (PMR) Project became effective on March 3, 2017. A Program Coordinator was hired in August 2018. Disbursements are expected to pick up considerably now that contracts for major activities have been signed or are under negotiation. 6/30/2019 Page 1 of 5 The World Bank Implementation Status & Results Report South Africa Partnership for Market Readiness (P155885) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Low Low Low Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Low Low Low Institutional Capacity for Implementation and Sustainability Moderate Moderate Moderate Fiduciary Low Low Low Environment and Social Low Low Low Stakeholders Substantial Substantial Substantial Other -- -- -- Overall Moderate Moderate Moderate Results PDO Indicators by Objectives / Outcomes To strengthen the readiness of the government to implement a carbon tax IN00724171 ►Impacts of carbon pricing approach analyzed and modelled (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 IN00724172 ►Satisfaction by main stakeholders with engagement on impacts and implementation of carbon pricing (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 IN00724173 ►Carbon offset scheme designed according to defined criteria and approved by the National Treasury (Yes/No, Custom) 6/30/2019 Page 2 of 5 The World Bank Implementation Status & Results Report South Africa Partnership for Market Readiness (P155885) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 IN00724174 ►Share of targeted entities that report GHG emissions to the Government in accordance with the relevant monitoring and reporting protocols (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 IN00724175 ►Direct project beneficiaries, of which female (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 250.00 Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 Overall Comments PDO Results indicators will be updated as part of the project restructuring planned for July, 2019 Intermediate Results Indicators by Components 1. Supporting the refinement of the design of the carbon tax through analytical work IN00724177 ►Additional analysis and modelling of impacts of carbon pricing approach prepared by the National Treasury and validated with the main stakeholders (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 2. Strengthening the capacity of the government to enhance data management and MRV systems IN00724179 ►Monitoring and reporting protocol for GHG reporting by the targeted entities prepared and validated with the main stakeholders (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 IN00724182 ►Verification mechanism established for €GHG emissions monitoring and reporting system (Yes/No, Custom) 6/30/2019 Page 3 of 5 The World Bank Implementation Status & Results Report South Africa Partnership for Market Readiness (P155885) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jan-2020 3. Supporting the design of the carbon offset scheme IN00724178 ►Definition of the rules and procedures and technical guidelines for the carbon offset scheme by the Department of Energy (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 IN00724181 ►Functional registry to support the carbon offset scheme established by the Department of Energy (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 4. Communication, stakeholder engagement and support to project administration IN00724176 ►Stakeholder engagement plan prepared and implemented according to defined criteria (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 IN00724180 ►Training plan prepared and implemented according to defined criteria (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 06-Mar-2017 18-Dec-2018 18-Dec-2018 30-Jun-2020 Overall Comments IR The results framework will be updated as part of the project restructuring Data on Financial Performance 6/30/2019 Page 4 of 5 The World Bank Implementation Status & Results Report South Africa Partnership for Market Readiness (P155885) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P155885 TF-A2970 Effective USD 5.00 5.00 0.00 0.10 4.90 2% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P155885 TF-A2970 Effective 03-Mar-2017 03-Mar-2017 03-Mar-2017 30-Jun-2020 30-Jun-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/30/2019 Page 5 of 5