Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) Market Instruments for climate change mitigation in Chile (P130378) LATIN AMERICA AND CARIBBEAN | Chile | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2015 | Seq No: 7 | ARCHIVED on 14-Jun-2019 | ISR37191 | Implementing Agencies: Ministry of Energy, MEF -AGCI Key Dates Key Project Dates Bank Approval Date:27-Aug-2014 Effectiveness Date:05-Sep-2014 Original Closing Date:04-Sep-2017 Revised Closing Date:31-Aug-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objectives of the Project are to provide technical assistance to the Beneficiary in the design and implementation of a Monitoring, Reporting and Verification (MRV) framework and registry, and the design and preparation of one or more carbon pricing instruments in the energy sector. 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  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Implementation Status and Key Decisions All activities planned under the original Project were completed and the PDO met, since the PMR Chile Project has significantly contributed to the implementation design of the carbon tax, before it officially entered into force on January 1st, 2017. The Additional Financing (AF)’s objectives, which complement the original PMR Chile Project activities, are fully aligned with and contribute to the Project’s PDO.The AF activities are advancing and expected to meet the project's closing date of August 31, 2019. 6/14/2019 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) 6/14/2019 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) 6/14/2019 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  Low  Low Results Project Development Objective Indicators PHINDPDOTBL One or more carbon pricing instruments and associated infrastructure recommended to the Government and concrete activities to develop specific elements proposed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 31-Aug-2019 PHINDPDOTBL MRV framework and registry established within the energy sector (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 31-Aug-2019 PHINDPDOTBL Knowledge, awareness, and capacity developed in the public and private sector in relation to the design and implementation of carbon pricing instruments. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/14/2019 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 31-Aug-2019 Overall Comments Intermediate Results Indicators PHINDIRITBL Regulatory Analyses for carbon pricing mechanisms in Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 31-Aug-2019 PHINDIRITBL Economic Analysis for carbon pricing mechanisms in Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 31-Aug-2019 PHINDIRITBL Institutional Analysis for carbon pricing mechanisms in Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 31-Aug-2019 6/14/2019 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) PHINDIRITBL Design and Implementation of MRV system (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 04-Sep-2017 PHINDIRITBL Design and implementation of a bottom up registry (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 04-Sep-2014 24-May-2018 24-May-2018 04-Sep-2017 PHINDIRITBL Number of workshops, training events and in-country visits (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 12.00 14.00 20.00 Date 04-Sep-2014 24-May-2018 06-Jun-2019 31-Aug-2019 PHINDIRITBL Design and establishment of an integrated MRV Platform (MRV 3.0) specifically for the energy sector that goes beyond the carbon tax (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 25-May-2017 24-May-2018 06-Jun-2019 31-Aug-2019 6/14/2019 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) PHINDIRITBL Design of a climate policy simulator tool for the energy sector (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 19-May-2017 24-May-2018 06-Jun-2019 31-Aug-2019 PHINDIRITBL Development and execution of a stakeholder and communication strategy (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 19-May-2017 24-May-2018 24-May-2018 31-Aug-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P130378 TF-17731 Effective USD 4.98 4.98 0.00 4.45 0.53 89% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P130378 TF-17731 Effective 27-Aug-2014 05-Sep-2014 05-Sep-2014 04-Sep-2017 31-Aug-2019 Cumulative Disbursements 6/14/2019 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Market Instruments for climate change mitigation in Chile (P130378) Restructuring History Level 2 Approved on 21-Jun-2017 Related Project(s) There are no related projects. 6/14/2019 Page 8 of 8 Public Disclosure Copy