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How the International Climate Fund (ICF) is supporting the development of marketing mechanisms to help middle-income countries reduce greenhouse gas emissions.

The Department of Energy & Climate Change (DECC) has given £7 million to the PMR, which is a grant-based trust fund that helps middle-income countries develop and pilot market-based policies to reduce greenhouse gas emissions.

The PMR brings together policy makers from governments with experts and stakeholders to provide a platform for piloting these market-based policies. It builds on developing countries’ own mitigation priorities and recipient countries include Chile, Colombia, Costa Rica, Mexico, China, Indonesia, Thailand, Turkey and the Ukraine.