ICAP-IETA Side Event at COP 21 in Paris: Linking Emissions Trading and International Cooperation

The Honourable David Heurtel, Québec being ICAP Co-Chair

The international climate change conference in Paris has sparked climate action on all levels. With many countries indicating that carbon markets will form part of their national climate policy, it is clear that emissions trading will continue to play a key role in helping Parties to reduce their greenhouse gas emissions at least cost.

On Saturday 5 December 2015, the International Carbon Action Partnership (ICAP) and the International Emissions Trading Association (IETA) co-hosted a side event at the UNFCCC (COP21) in Paris showcasing how linking emissions trading systems – and international cooperation more broadly – can lead to a more effective international climate agreement. Discussions highlighted why “transfers” of emission reduction units and linkage of international climate policies need to be a part of our future international climate framework – one that effectively enables jurisdictions to achieve the greatest mitigation outcome at the lowest possible cost.

The event featured a key note address from Québec's Minister of Sustainable Development, the Environment and the Fight Against Climate Change, the Honourable David Heurtel. This was followed by a panel discussion with Ruchi Sadhir (State of Oregon), Martin Hession (DG CLIMA, European Commission), Hangchang Choi (Ministry of Environment, Republic of Korea), Jo Tyndall (Ministry of Foreign Affairs and Trade, New Zealand), Brian Murray (Nicholas Institute, Duke University) and David Hone (Shell). 

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