Paris delivered a strong global climate agreement – one that recognizes the important role of carbon pricing and markets in shifting investment to new, lower-carbon assets. Today, 13 percent of greenhouse gas emissions are priced. Businesses are increasingly calling for carbon pricing policies, and are using internal pricing to prepare for future climate risks. But price levels are still too low to shift investment, and a number of major economies still do not have plans to put a price on their carbon emissions.
Heads of state and business leaders have set a global goal to double the coverage of emissions subject to carbon pricing by 2020, and double it again within the next decade. This will require:
- Expanding - putting in place new carbon pricing policies,
- Deepening existing carbon pricing programs, and
- Converging - promoting global cooperation and linkage of carbon pricing systems.
Doing this will help deliver on the ambition of the Paris Agreement, while delivering multiple benefits to governments and companies in the form of climate resilience, new investment opportunities and sustainable growth.
Paris received the largest ever gathering of Heads of State, a pivotal moment moment for the planet and future generations. Photo Credit: Max Thabiso Edkins
Join this interactive dialogue event and help to “double the wave” for carbon pricing. Participants will address key questions such as:
- How to introduce carbon pricing systems by overcoming barriers and seizing new opportunities?
- How to recycle revenues from carbon pricing while ensuring a just and fair transition to a low-carbon economy?
- How to build on the growing practice in the business community to apply internal carbon pricing and respond to external calls for carbon disclosure and climate risk stress testing?
- How to ensure that carbon pricing schemes provide long-term, meaningful price signals?
- How to link existing schemes towards a more global liquid, robust and transparent market minimising competitiveness distortions?
Who will participate:
This event is organized by the Carbon Pricing Leadership Coalition with the support of the Dutch Government, and co-organized by the International Emissions Trading Association, We Mean Business Coalition, CDP and the Environmental Defense Fund. It will gather key decision-makers from the public and private sector with a specific focus on the financial sector and investors. The insights and conclusions gathered at this event will feed into discussions at the Annual Meeting of the World Economic Forum taking place the following days in Davos, Switzerland.
To RSVP, please visit the event page on the CPLC website: http://www.carbonpricingleadership.org/doubling-the-wave - Please use the following password: CPLC
Agenda
08.30-09.00: Registration and Coffee
09.00-09.30: Welcome addresses
Moderator: Ghida Fakhry, international journalist
Eric Olsen, CEO LafargeHolcim
John Roome, Senior Director, Climate Change, World Bank Group
Part One: Generating Waves
09.30-10.30: Carbon Pricing - The Next Wave
Where are we today in achieving successful carbon pricing implementation in government and business? What analysis, outreach and other work is underway? Where are the gaps?
Speakers:
Maarten Neelis, Associate Director, Ecofys
Constanze Haug, Head, International Carbon Action Partnership Secretariat
Nicolette Bartlett, Director Carbon Pricing, CDP
10.30-10.50: Coffee break
10.50-11.00: Leadership Conversation with Jos Delbeke, Director-General for Climate Action, European Commission
11.00-12.00: Doubling the Wave: Expanding, Deepening and Linking Carbon Pricing Systems
How can leaders in government and business achieve the goal to double the coverage of carbon pricing systems: what are the key areas where we require guidance/action?
Panelists:
Dirk Forrister, President, International Emissions Trading Association
Nat Keohane, Vice President, Environmental Defense Fund
Nigel Topping, CEO, We Mean Business Coalition
Sonia Medina, Executive Director, Climate Change, Children’s Investment Fund Foundation (TBC)
12:00-13:00: Networking lunch
Part Two: Managing the Currents
13.00-13.20: Welcome address and summary of the morning’s discussion
Sharon Dijksma, Environment Minister, the Netherlands
13.20-13.50: Carbon pricing ambition – Achieving the Paris Agreement
Keynote address by Lord Nicholas Stern, Chair, Grantham Research Institute on Climate Change and the Environment (TBC); followed by introduction to Carbon Pricing Corridors by Lance Pierce, Director, North America, CDP
13.50 -14.00: Leadership Conversation with Shell CEO Ben Van Beurden
14.00– 15.10: Panel Discussion: From ambition to implementation
Key questions: The benefits and opportunities for carbon pricing are clear. Yet the political and economic reality is that the introduction of systems is a slow and bumpy road. How to introduce carbon pricing systems using the vast experience around the globe? What are the benefits of linking systems? How to overcome political obstacles to achieve a ‘just transition’?' How to use carbon pricing revenues to that end?
Panelists:
Jos Delbeke, Director-General for Climate Action, European Commission (TBC)
Ambassador Stefan Flockiger, Switzerland
Kate Rich, Ministry of Environment, Canada
Ben van Beurden, CEO, Shell
Berthed Goeke, Deputy Director General Climate Policy, Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety, Germany
Namita Vikas, Group President and Managing Director, YES BANK
15.10-15.40: Coffee Break
15.40-15.50: Leadership conversation with HSBC CEO Stuart Gulliver
15.50-17.00: Climate risk and opportunity - From internal business carbon pricing to external pricing: undercurrent or supportive wave?
Many businesses use an internal carbon price. How can that practice expand with growing demands by the financial sector? How to use this internal practice beyond advocacy for carbon pricing? How to build on this practice and move to carbon pricing in sectors or nation/region wise? How do ensure long lasting meaningful transformational signals to and from financiers and investors. Are short term signals sufficient for longer term transformation? How to dampen extreme price fluctuations? How does the progression over time that country emission reductions have to demonstrate play out and interact with dynamic price signals?
Panelists:
Frank Elderson, Executive Director, De Nederlandsche Bank
Stuart Gulliver, CEO, HSBC
Amelie De Montchallain, Vice-President for Public Affairs, AXA
Gerald Carting, Chief Investment Officer, MN
Glen Murray, Environment & Climate Change Minister, Ontario Province (TBC)
Alzbeta Klein, Director Climate Change, International Finance Corporation
17.00-17.30: Building momentum to Davos and beyond: conclusions and next steps
Reflecting on the day what are key next steps to maintain and build momentum. What could an engagement roadmap look like? What partners and lessons are needed to double the wave? What near-term actions are key for longer-term success? What are key moments next year and which fora to use? What key messages can we take forward to the World Economic Forum Annual Meeting in Davos later in the week?
Panelists:
Feike Sijbesma, CEO, Royal DSM and Co-Chair, CPLC High Level Assembly
Sharon Dijksma, Environment Minister, the Netherlands
John Roome, Senior Director, Climate Change, World Bank Group
17.30-19.00: Cocktail reception
