The second edition of this IETA-led European Climate Summit, taking place virtually, brings together leading climate and energy practitioners to discuss and analyse key developments in carbon markets and emissions trading, green finance, industry decarbonisation and energy transition, and beyond.
*Welcome & Opening Addresses and Vision 2050 – IETA 2020 GHG Market Report Launch
09:00 – 09:10am Welcome & Opening Addresses
09:10 – 10:15am Vision 2050 – IETA 2020 GHG Market Report Launch
Decisions made in the next decade will determine if the Paris Agreement's 2050 goal to achieve net-zero emissions will be fulfilled. What does this mean for the development and evolution of the market for offset units? What role will Natural Climate Solutions play? What innovations will we need? This special session will feature our GHG Market Report, which takes a look at these questions, and more.
*In Conversation with Analysts: The MSR – From COVID-19 to Net-Zero
10:30 – 11:15am CET
After almost a decade of low prices, the EU ETS has sprung back into life in recent years. This is in large part due to the MSR, which has continued to play a critical role during the pandemic. This session will look beyond the turbulence of 2020 and ask what we’ve learned about the effectiveness of the MSR, and the prospects for aligning it with the new 2030 emissions reduction target.
*Negative Emissions in the EU – From Zero to Hero
11:30am – 12:30pm CET
The EU’s bold climate neutrality target requires decarbonisation and carbon removals at an unprecedented speed and volume. Whilst Europe’s decarbonisation is well underway, removals are much less mature. This session will explore the development of a policy framework for removals in the EU, and discuss how policies like a carbon certification mechanism might allow removals credits to be traded in the future.
*Roundtable on International Cooperation: ETS and Prospects for Linking
12:45 – 01:45pm CET
The benefits of international cooperation through market mechanisms are well knows, but the challenge lies in translating the theoretical potential in real action on the ground. This roundtable discussion will reflect on the way forward for international cooperation through market mechanisms, with a particular focus on ETS linking, looking at existing experiences and at future prospects.
*Making Sense of Voluntary Action
02:00 – 03:00pm CET
The voluntary carbon market has more than doubled in volume over the last three years as the private sector rapidly steps up its climate ambition. But as the market evolves in response to this growing demand, it also faces new challenges as it transitions into the Paris Agreement era. This session will tackle some of the big issues facing the market, such as how it maintains quality and integrity whilst increasing in size, and how it will be regulated in the coming years.
*Closing Armchair Leaders Dialogue
03:00 – 03:30pm CET