COP19 Side Event: Emissions Trading Schemes Worldwide - Where Do We Stand, What Lies Ahead?

The International Carbon Action Partnership (ICAP) showcased the latest developments in emissions trading schemes worldwide at the UNFCCC Conference in Warsaw. The Side Event focussed on experiences and recommandations of government representatives and carbon market experts.

The use of emission trading to address climate change is expanding around the globe. In 2013, several emission trading schemes (ETS) were launched and started their first compliance period. To date, ten ETS are in force, and many other governments are considering introducing ETS as part of their domestic efforts to reduce greenhouse gas emissions.

What lessons can be learned from the European emissions trading system? This question was answered by Joris Pinkster, Senior Policy Officer at the Dutch Ministry for Infrastructure and Environment, in his lecture. Finally Qian Guoqiang, Strategic Director at SinoCarbon gave an insight into the latest developments in China. Currently, several major Chinese cities are implementing pilot trading systems that shall provide the basis for the establishment of a long-term national emissions trading system.

Long-term political support is the most important key to success

In the following discussion, questions raised concerned the necessary preparatory period that is required to successfully introduce a robust trading system. To a great extent the participants agreed that long-term political support is the most important key to the success of an emissions trading system. In addition, the panel emphasised the importance of pioneer markets at the national and sub-national level, which shall ultimately lead the way to a global emissions trading system.

Please find the presentations shortly on the ICAP website: www.icapcarbonaction.com . Pictures from the Side Event can be found on adelphi's facebook site.

adelphi provides scientific and technical support for the ICAP Secretariat, and in this context assists in organizing and conceptualizing the event.