ECO2 Attends the Carbon Markets Virtual Pavilion

2020.11.12

The Carbon Markets Virtual Pavilion, co-sponsored by the International Emissions Trading Association (IETA) and the International Carbon Action Partnership (ICAP), is now under way. Due to the COVID-19 pandemic, the conference will be held online instead.

The two-day conference was officially opened at 9 A.M. Central European Time on November 11th. The ECO2 Foundation, as a member of IETA, was also invited to attend the conference.

The conference brought together leaders and organizations on carbon emissions from around the world, as well as climate change experts and scholars, including Kevin Rudd, the former Australian Prime Minister well-known in China, who is now President of the Asia Society Policy Institute.

The 26th United Nations Climate Change Conference of the Parties (COP26), originally scheduled for November 9th this year in Glasgow, Scotland, has been postponed to November 2021 due to the global COVID-19 outbreak. At present, the trend of "carbon pricing" is actively discussed around the world. The postponement of COP26 has caused the postponement of the global climate negotiations, which may affect future trends of global carbon market development.

IETA and ICAP jointly organized this online event to create an opportunity for relevant institutions and organizations in the international community to participate in discussions and exchanges around the "carbon market and future carbon pricing" as soon as possible to advance the process of global climate governance.

Over the course of the two-day event, the guests discussed topics including international aviation carbon offsets and emission reduction plans, the EU border carbon adjustment (BCA) mechanism, carbon pricing in developing countries, emissions trading and industrial transformation, carbon neutral solutions for fossil fuels, Article 6 of the Paris Agreement, how to expand the voluntary carbon market, carbon as an investment asset class, and so on, with a total of 50 different online side events.