Financing carbon neutrality in developed and developing countries: carbon pricing and beyond

To meet the ambitious goals of the Paris Agreement, developed and developing economies will need to decarbonize at a fast pace. The ability to channel finance to mitigation activities will be essential in this process. Facilitated by financial institutions, countries need to establish frameworks governed by clear rules to ensure emissions get effectively reduced. Among other mechanisms, pricing carbon is key in achieving an ambitious and just transition in both developed and developing countries. It can also generate income to address equity issues.

This COP27 event will take place on Friday 11 November 2022, at 16:45-18:15 EET in the Room Amon of the UNFCCC Pavilion, and will be live-streamed on Youtube.

The official side event is co-organised by PIK Potsdam, EUI, ICAP and MCC Berlin.

Watch the streaming here:

Chair, introduction and conclusions

• Johan Rockström, PIK

Moderator of the discussion

• Jos Delbeke, EUI

Discussants:

Part 1: Carbon pricing, state of play globally

• Simone Borghesi, EUI and University of Siena
• Stefano De Clara, ICAP
• Martin Hession, European Commission

Part 2: Carbon pricing, climate finance perspectives in developing countries

• Silvie Kreibiehl, IPCC AR6 WG3 Finance Chapter CLA
• Dora Benedek, IMF
• Bernice van Bronkhorst, World Bank (tbc)

Part 3: Discussion with the presenters and Q&A with the audience

Check out the presentations:

• Stefano De Clara, ICAP – Emission trading worldwide
• Simone Borghesi, EUI – Carbon pricing and the social acceptability of climate policies