Ecuador - Diesel Subsidy Reform Crediting Program Project
Overview & Synopsis
The objective of the Diesel Subsidy Reform Crediting Program Project is to enable Ecuador to monetize emission reductions from fuel subsidy reform through policy-based climate and carbon funds, thereby strengthening the long-term sustainability of the reform. The project consists of two main components. component 1 provides results-based climate finance payments for measured, reported, and verified emission reductions generated through reduced diesel consumption resulting from the subsidy reform. Payments are made based on independently verified emission reductions under an Emission Reductions Payment Agreement (ERPA). component 2 supports carbon finance through payments for emission reductions that are measured, verified, authorized, and transferred as internationally transferable mitigation outcomes (ITMO-VERs) under Article 6.2 of the Paris Agreement. The project is complemented by technical assistance to strengthen monitoring, reporting and verification (MRV) systems, in
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Document Information
| Document Title | Ecuador - Diesel Subsidy Reform Crediting Program Project |
|---|---|
| Author / Organization | World Bank |
| Subject & Discipline | Urban Transport,Social Protection,Energy Networks and Storage,Gases for Energy Transition,Public Administration - Energy |
| Categories | Economics & Development |
| Publication Year | 2026 |
| License / Rights | Creative Commons Attribution 4.0 (CC BY 4.0) |
| Resource Verification | Listed PDF (Verification Pending) |
| Original Host Website |
World Bank Documents & Reports
(documents.worldbank.org)
|
| File Format | application/pdf (Portable Document Format) |
| Language | EN |
| Catalog ID | DOC-139 |
| Original Source Link | Visit Source Page on documents.worldbank.org » |