Advancing Carbon Market Integration under Article 6

During this event, we will explore the current state of carbon market integration. In previous years, the number of Emissions Trading Systems (ETSs) grew worldwide while their integration progressed more slowly due to divergent design features (e.g., intensity-based vs. cap-based systems). Yet, links and connections between ETSs could lead to significant environmental and economic gains. Meanwhile, the COP29 in Baku has led to a common set of rules that operationalise Article 6 of the Paris Agreement to facilitate international cooperation to tackle climate change. But can this development accelerate the integration of compliance markets? In this context, who are realistic candidates for linking? To address these questions, a presentation will provide a starting point for the discussion on enablers and barriers for internationally integrated ETSs. The presentation will be followed by a policy roundtable. 

This event is part of the annual Net Zero Carbon Market Policy Dialogue (NZCMPD) organised under the framework of the EU-funded LIFE COASE project. The aim of the policy dialogue is to facilitate international carbon market cooperation between the EU and partner jurisdictions on key topics around net-zero regulation and integration of carbon markets. This event is the first part of the 2025 NZCMPD. The second part will take place in September and address the methods and findings of the latest ex-ante and ex-post assessments of the EU ETS and other ETSs worldwide. 

This event is part of the EUI Climate Week and more information on the participation can be found here.

Moderation: Simone Borghesi (EUI, University of Siena, EAERE) 

Opening remarks: Baran Doda (adelphi)

Panel speakers: 

• Nataliya Kushko (ERCST) 

• Mette Quinn (European Commission) 

• Xiliang Zhang (Tsinghua University) 

• José Pedro Bastos Neves (Ministry of Finance, Brazil)

Conclusions: Jos Delbeke (EUI)

This is an EAERE Policy Outreach Event.