Carbon Pricing and International Cooperation to Achieve Regional Mitigation Goals in the Americas
Towards the Carbon Pricing Summit of the Americas
January 24-25, 2017
Hotel Presidente Intercontinental
Mexico City, Mexico
Carbon pricing is one of the most effective policies available for reducing emissions at the scale we need to make good on the promise of the Paris Agreement, which sets the globe on a path to stabilize temperature rise at or below 2 degrees Celsius.
As carbon markets continue to expand over time, coordination among jurisdictions using or considering carbon markets will be increasingly important to maximize cost-effectiveness.
The latest World Bank Group State & Trends report finds that cooperating on carbon pricing internationally will deliver 30% cost reductions in achieving the Paris Agreement by 2030; 50% by 2050. This equals trillions of dollars of savings. Without an international market by 2050, there is no way we will be able to meet the 1.5 to 2 degree Celsius target set by the Paris agreement.
In this context, Mexico, a regional leader in the transition to a low-carbon economy, together with the Carbon Pricing Leadership Coalition (CPLC), will host an event: “Carbon Pricing and International Cooperation to Achieve Regional Mitigation Goals in the Americas - Toward the Carbon Pricing of the Americas” – January 24-25, Mexico.
Key themes covered at the event will include policy alignment, private sector competitiveness, carbon market linkage, and the development of an Emissions Trading System (ETS) in Mexico. The key findings and insights from this event will help inform the Carbon Pricing Summit of the Americas, event that will be hosted by Mexico later in the year.