On Monday, 18 November 2013, ICAP held a side event on "Emissions Trading Worldwide: Where Do We Stand, What Lies Ahead?" at COP 19 in Warsaw, Poland.

The picture was made at the ICAP side event held at the Conference of the Parties to the UN Framework Convention on Climate Change in November 2013in Warsaw (COP 19). It shows the event’s panelists from the Republic of Korea, Norway, Kazakhstan and the Netherlands discussing developments of emissions trading systems. Representatives of Québec and China were also present.

In 2013, several emission trading schemes (ETS) were launched and/or started their first compliance period. To date, ten ETS are in force, and many other governments are considering introducing ETSs as part of their domestic efforts to reduce greenhouse gas emissions.

The ICAP side event was opened by a keynote address by Yves-François Blanchet, Minister of Sustainable Development, Environment, Wildlife and Parks, Québec, who presented Québec's scheme and the upcoming link with California's cap-and-trade program.

The event then featured short presentations and a panel discussion of government representatives and carbon market experts showcasing ETS developments in the Republic of Korea, Kazakhstan, the Netherlands as a member of the EU ETS, China – both national and sub-national levels – and Québec.

Important takeaways from the event are:

o   Long-term commitment to emissions trading is essential to build trust and eventually deliver ambitious GHG reductions. Policy-makers must develop robust and credible ETS frameworks so that stakeholders believe in the sustainability of the schemes;

o   A few years of preparation are required for successfully introducing a domestic ETS. Learning by doing is essential and yet poses some challenges that must be carefully considered, e.g. in revising the ETS legislation;

o   Pilots ETSs developed worldwide play an important role in leading the way to putting a price on carbon and to eventually move toward a global carbon market from the bottom up.

The program and some presentations are already available for download below; more presentations will be uploaded soon.

  • ICAP Side Event at COP19 - Program Download
  • Presentation Si-Jin Lee, Korea Download
  • Presentation Qian Guoqiang, China Download
  • Presentation Botagoz Khakimzhanova, Kazakhstan Download