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The Power of Markets and International Cooperation in Reaching Net Zero
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The Power of Markets and International Cooperation in Reaching Net Zero
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The Power of Markets and International Cooperation in Reaching Net Zero
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ON TRACK TO NET ZERO
1
Develop robust processes
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Cover all GHGs and sectors
3
Aim for net zero by mid-century or earlier then go negative
4
Also include an absolute emissions reduction target
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Avoid or limit the use of int’l transfers of reductions/removals
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Be transparent
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Inform near and midterm climate action
ON TRACK TO NET ZEROKelly Levin, World Resources Institute
RECOMMENDATIONS FOR USE OF INTERNATIONAL TRANSFERS
• Prioritize GHG emissions reductions/ enhanced removals within their territory.
• If countries use international transfers:– establish limits to the amounts of transfers– ensure robust accounting – limit transfers to only surplus mitigation from
other countries
WHO PURCHASES FROM WHOM?
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THOSE THAT RELY ON INTERNATIONAL TRANSFERS SHOULD CONSIDER INCREASING TARGET AMBITION
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NEED TO CLEARLY DIFFERENTIATE BETWEEN THE ROLE OF INT’L TRANSFERS ON WAY TO NET ZERO THAN IN MID-CENTURY
RELATEDLY, CONSIDER THE ROLE OF EMISSIONS REDUCTION VS. CARBON REMOVAL IN TRANSFERS
ON TRACK TO NET ZERO
https://www.wri.org/publication/designing-and-communicating-net-zero-targets
Kelly [email protected]
The Power of Markets and International Cooperation in Reaching Net Zero
Panel Discussion with
The Power of Markets and International Cooperation in Reaching Net Zero
Co-hosted by:
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