On 23 February, ICAP launched the Status Report 2016 with two public webinars on key policy developments in emissions trading worldwide.

In the first webinar, Jean-Yves Benoit, ICAP Co-Chair from the Québec Ministry of Sustainable Development, Environment and the Fight against Climate Change, presented an overview of the Québec carbon market, which has been linked to the California Cap-and-Trade Program since 2015. The experience with upstream coverage of fuel distributors and potential expansion following the announcement of carbon markets in Manitoba and Ontario were also discussed. Will Space from the Massachusetts Department of Environmental Protection, presented the Regional Greenhouse Gas Initiative (RGGI) and the impact of the Clean Power Plan on developments in emissions trading across North America. The ICAP Secretariat also gave an update on systems in the European Union, the Republic of Korea and China.

In a second Webinar, Mary Jane Coombs from the California Air Resources Board discussed key developments in the Californian Cap-and-Trade Program, including their positive experience with the first compliance period. The implementation of the Clean Power Plan and growing state interest in emissions trading as a means of compliance were also discussed. Chen Zhibin from Sinocarbon talked about China’s progress towards a national system by 2017. Finally, the ICAP Secretariat concluded with a summary of the latest news in carbon markets across Europe and the Republic of Korea.

The slides used by the presenters are available for download below. 

  • Will Space - Regional Greenhouse Gas Initiative (RGGI) Download
  • Chen Zhibin (SinoCarbon) - Emissions Trading in China Download
  • Jean-Yves Benoit - Quebec-California Cap & Trade Programs Download