Paris Agreement: the role of international carbon markets | Axel Michaelowa

This is a podcast of the series “Spot on Climate” of the Climate area of the Florence School of Regulation. In this podcast, Albert FERRARI discusses with Axel Michaelowa, Head of the Group on “International Climate Policy” at the University of Zurich and leading expert in the design of the market mechanisms of the Paris Agreement and the Kyoto Protocol.

The podcast episode explores how can we ensure that international carbon markets are in line with the long-term target of the Paris Agreement through three questions:
– what relevance will have the issue of double-counting in the upcoming talks about the Rulebook on Article 6 of the Paris Agreement?
– how could Emissions Trading Schemes (ETS) linking contribute to the achievement of the Paris objectives?
– how can carbon markets, especially the market-based mechanism under the Paris Agreement, fit in the Architecture established at the COP21, given the diversity of nature and targets in the Nationally Determined Contributions (NDCs)?