Webinars
Emissions trading systems have grown in recent years as a tool to finance climate change mitigation and adaptation activities, and to promote sustainable development. What have we learned to date about the intersection of emissions trading and finance? How are carbon markets shaping climate-related investment? Panellists will address these questions in the upcoming instalment of the International Carbon Action Partnership (ICAP) webinar series “ETS for Policy Practitioners” titled "The Role of Emissions Trading in Financing the Green Transition."
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After a turbulent decade for the carbon market, interest in offset credits has recently surged as a compliance option for emitters in carbon pricing systems. In this webinar session, the International Carbon Action Partnership (ICAP) will present its latest report “Offset Use Across Emissions Trading Systems”, followed by a discussion with an expert panel drawn from policy making, offset project origination, and an offset crediting standard.
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Surging commodity and especially energy prices have heightened concerns about the economic impacts of increasing carbon prices in emissions trading systems. How might the current price dynamics affect climate policy and carbon markets in the medium and longer term? What can be done to manage impacts on consumers and covered sectors? In this webinar session, market analysts and policy experts will weigh in on one of the most pressing questions currently faced in emissions trading systems around the world.
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At COP26 in Glasgow, parties to the Paris Agreement adopted operational rules and guidance on Article 6, paving the way for full implementation of international carbon markets under the Paris climate regime. For existing and emerging domestic ETS, Article 6 can play various roles - offering an accounting framework for cross-border linkages between ETS, providing a mechanism to credit emission reductions outside the ETS, and opening a pathway to international carbon finance in support of ETS establishment and implementation.
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Emissions trading systems (ETS) emerge within a legal and regulatory context, with which they need to align in order to ensure legal certainty and avert legal conflicts or challenges. The legal basis of an ETS needs to be compatible with previously existing rules, principles and procedures in other areas of law. Market activities can be subject to financial market regulation, financial accounting and taxation rules. Understanding the legal conditions and implications of emissions trading is critical for the durability and smooth functioning of an ETS. This webinar session will introduce the central legal considerations and describe ways in which jurisdictions have addressed these in existing ETS.
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Carbon pricing, whether through emissions trading or carbon taxes, changes the relative prices of goods which results in some actors paying more for energy services than others. This can create problems, particularly in countries that already suffer from inequitable distribution of incomes, from poverty and a lack of access to energy. Understanding these problems is crucial for designing market-based policies that are socially acceptable. This webinar will explore the distributional effects of emissions trading schemes (ETS) on different societal groups, and how they can be mitigated through the use of auction revenues and ETS design.
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In July, the European Commission presented the 'Fit for 55' package of legislative proposals to revise the entire climate and energy policy framework of the EU, including the legislation on the EU ETS, which it aims to strengthen and extend to new sectors. What does this expansion mean for the decarbonization of the European economy, and what lessons have been learned under the EU ETS in 15 years of continuous evolution and improvement? How can these lessons inform developments in other jurisdictions implementing or exploring an ETS as a pillar of their decarbonization strategies?
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Emissions trading systems result in the creation of a market, with different traded units and a diverse array of market participants. Dynamics in this market can have unintended consequences, and some participants may even act in bad faith. To ensure its smooth functioning, the carbon market therefore calls for oversight, including rules about market access (who can participate in trading, and under what conditions), eligible units (including, where allowed, derivative financial products), transparency and information disclosure, and other aspects of trading activity.
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In 2016, the International Civil Aviation Organization adopted the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) to limit the climate impact of international air travel and ensure carbon neutral growth from 2020. The EU has integrated aviation into its own ETS. But are these efforts enough to tackle the growth in emissions from aviation? How can market-based instruments contribute further?
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One of the biggest changes in energy systems around the world concerns the use of coal. The share of coal has dropped in numerous countries, and many have now adopted official goals to phase out the use of coal. This webinar explored how carbon pricing can contribute to phasing out coal in some countries; how carbon pricing could affect plans for extending coal use in others; what declining coal use implies for the functioning of carbon market; and which flanking measures are needed to ensure a just transition away from coal.
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