11 Nov 2024
18th IEA-IETA-EPRI Annual Workshop on Greenhouse Gas Emission Trading
Background
The International Energy Agency (IEA), International Emissions Trading Association (IETA) and Electric Power Research Institute (EPRI) hosted the 18th Annual Greenhouse Gas Emissions Trading Workshop on November 6-7 in Paris.
Each year this invitation-only workshop brings together over one hundred senior officials from OECD countries, the European Union and other nations, corporate executives from electric companies, energy-intensive industries, brokerage companies and the financial community, analysts and researchers from non-governmental organisations and academia, to discuss developments in GHG emissions trading and related issues around the world. The workshop combines presentations based on recent research with interactive discussions, held under the Chatham House rule.
Workshop Overview and Introductions
Mechthild Wörsdörfer, International Energy Agency (IEA)
Dirk Forrister, International Emissions Trading Association (IETA)
Tom Wilson, Electric Power Research Institute (EPRI)
Session 1: Regional and sectoral updates
This opening roundtable will take stock of carbon market developments globally, with specific insights from different regions and sectors. The discussion will be kicked off by an overview of latest developments and trends in carbon markets around the world, followed by updates from specific markets and deep dives offered by experts from different jurisdictions and sectors.
Chair
Stefano De Clara, IETA
Overview
Constanze Haug, ICAP
Kate Rich, Environment and Climate Change, Canada
Speakers
Yue Huang, IATA
Jose Manuel Medina Aguilar, SEMARNAT - Permanent Delegation of Mexico to the OECD and EU
Session 2: Roundtable – Article 6 implementation status
Less than a month away from the start of COP24, this session will explore the latest state of play in the Article 6 discussion. Will negotiators be able to deliver the Paris Rulebook by the end of the COP? What are the likely landing zones for Article 6? What are the possible sticking points? A panel of market negotiators, private sector representatives and experts will tackle these questions and will discuss expectations for COP24.
Chair
Dirk Forrister, IETA
Speakers
Martin Hession, European Commission
David Hone, Shell
Jos Cozijnsen, Environmental Defense Fund
Rajesh Sethi, UNFCCC & CDM Executive Board & JISC
Session 3: Carbon market collaboration and linkage
Carbon market collaboration amongst national and sub-national jurisdictions is rising, with recent agreements across jurisdictions in the Americas adding to the numerous existing collaborative initiatives to align standards and policy design, and raise carbon pricing ambition. This session addresses the current status of carbon market “clubs” and how interjurisdictional collaboration could evolve over time.
Chair
Andrew Prag, IEA
Speakers
Jean-Yves Benoît, Ministry of Environment and Climate Change
Kentaro Takahashi, IGES, Japan
Juan Pedro Searle, Ministry of Environment and Sustainable Development, Chile
Emilie Alberola,Head of Climate Policies, EcoAct
Session 4: Modelling emissions trading systems
In recent years, analyses of the implications of global trade have shifted from analysing the benefits of all-inclusive, global trading schemes to the assessment of a variety of constrained trading systems – limited participants, what is traded, connection of disparate systems, the mechanisms for trade, and implications of different global targets. This session will explore current analyses and directions and facilitate a discussion of analysis needs.
Chair
Tom Wilson, EPRI
Speakers
Steve Rose, EPRI
Sha Yu, University of Maryland & PNNL
Discussants
Ruben Lublwski, Environmental Defense Fund
Daniele Agostini, ENEL
Haege Fjellheim, Thomson Reuters
Session 5: China’s national ETS
China’s national ETS is set to change the global carbon market landscape, as the world’s largest market at 1.5 the size of the EU ETS. Its implementation in the short-term is but a first step for a system that is set to evolve incrementally over time. This session will explore current status of the national ETS and how its design and role may evolve into the future.
Chair
Caroline Lee, IEA
Speakers
Cyril Cassisa, IEA
Zhang Xiliang, Tsinghua University
Gloria Kwan, CLP Power HK
Renato Roldao, ICF China
Session 6: EU ETS in Phase 4
When the Phase 4 reforms take effect, they are widely expected to strengthen the EU ETS and restore the supply-demand balance. However, the EU’s carbon market will face new challenges in Phase 4, including the need to align the EU’s long-term decarbonisation strategy with the Paris Agreement. This session will discuss the impact the new rules are expected to have and will look ahead to key events in Phase 4 which may trigger further market design changes and strengthening.
Chair
Simon Henry, IETA
Speakers
Peter Zapfel, DG CLIMA, European Commission
Emily Briggs, Department for Business, Energy and Industrial Strategy (BEIS), United Kingdom
Andre Tzschoppe, EEX AG
Andrei Marcu, ICTSD/ERCST
Marcus Ferdinand, ICIS
Session 7: ETS and GHG policy developments and interactions in the US
Emission trading systems are one of many policy tools being utilized to limit or reduce emissions of greenhouse gases. In the US, amidst a constantly shifting federal environment, many companies, cities, states, and regions have developed policies to reduce GHG emissions. In some cases, there are different policies for different sectors of the economy. In others, there are multiple policies for single sectors. This session will provide an update on recent US developments and explore the implications of policy interactions at various levels.
Chair
David Hunter, EPRI
Speakers
Sydney Vergis, Legislative Director, California Air Resources Board
Ke Wei, New York City Mayor’s Office of Recovery and Resilience
Charles Rossmann, Southern Company
Julie Mulkerin, Chevron
Closing Remarks
Mechthild Wörsdörfer, IEA
Dirk Forrister, IETA
Anda Ray, EPRI