The CPLC’s Public-Private Sector on Carbon Pricing in Russia, originally scheduled for December 8, 2016, in Moscow, has been postponed.
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Date and Time: December 8th, 2016 – Full day event starting at 9 a.m.
Venue: Marriott Hotel Novy Arbat (New Arbat Ave 32, Moscow 121099)
Participants: High-level decision makers from government, business and civil society
Language: Russian and English (interpretation will be provided)
Registration: Free online registration is possible until December 4th, 2016
Agenda: Detailed draft agenda available online
Paris Agreement into force, Carbon Pricing on the move
Where are we internationally? What does this mean for Russia?
The Paris Agreement provides for an unexpected opportunity to use carbon pricing to drive forward climate change mitigation action. Worldwide both the public sector as well as the business and finance community have started to prepare more actively for the ‘inevitable necessity’ to deal with emissions trading systems, carbon taxes or offset schemes in the mid- to long-term future. Carbon pricing under Article 6 will play a crucial role in delivering the necessary emissions reductions foreseen by the countries’ Nationally Determined Contributions (NDCs).
Growing political momentum for carbon pricing
The World Bank Group has galvanized growing political momentum through the Carbon Pricing Leadership Coalition (CPLC). The CPLC represents a voluntary partnership that brings together leaders from across government, the private sector and civil society on a global scale. All these partners work together to share experience with carbon pricing and to expand the evidence base for the most effective carbon pricing systems and policies. The goal is to double the percentage of global emissions covered by explicit carbon prices to 25% by 2020 and to double it again to 50% within a decade. This transformational vision requires broadening, deepening and converging carbon pricing schemes all around the world.
Why carbon pricing matters for Russia
Given Russia’s importance – both in terms of greenhouse gas emissions as well as geopolitical influence, the Russian Federation will play a key role in reaching the 1.5°C/2.0°C target. Through a presidential decree, the Russian legislation already foresees a domestic reduction target that would limit greenhouse gas emissions by 2020 to 75% of the 1990 level. Some of the options considered to implement the decree are directly related to carbon pricing.
Key agenda topics
- Carbon pricing in its diverse forms
- The need for policy alignment
- Article 6 of the Paris Agreement
- Previous experiences in Russia and lessons learned
- New opportunities for international cooperation
- The business case for carbon pricing
- Internal carbon pricing as risk management strategy
Join the discussion in Moscow on December 8
Within this context, the CPLC organizes its first Public-Private Sector Dialogue on Carbon Pricing in Russia. This Dialogue will provide Russian government officials, Russian business executives and Russian leaders from civil society with the opportunity to explore, assess and discuss various policy options with their international peers. The event is to serve as a starting point for a long-term engagement between the Russian Federation and the World Bank on this topic.
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