MARRAKECH, November 17 -- The International Emissions Trading Association (IETA) and the Climate Markets and Investment Association (CMIA) are delighted to recognise the Government of Canada as their second Carbon Pricing Champion of 2016.
The award, sponsored by Ecosphere+, was presented to Federal Environment Minister Catherine McKenna at a ceremony in Marrakech.
“This award recognises the remarkable steps Canada has taken in the last year, after it emerged as a significant player in the Article 6 discussions in Paris,” said Dirk Forrister, President and CEO of IETA.
At the historic COP 21 meeting in Paris last December, Canada emerged as a signatory to the Ministerial Declaration on Carbon Markets, and a member of the Carbon Pricing Leadership Coalition, lending its support to efforts to build effective market mechanisms through the Paris Agreement.
"Since Paris, Canada followed through by proposing a national carbon pricing program, where all parts of the country will see an explicit price on carbon by 2018,” said Katie Sullivan, Managing Director at IETA.
“In cooperation with sub-national leaders, Canada’s innovative approach will recognise existing provincial systems – including the Quebec-Ontario cap-and-trade system or the Alberta and British Columbia hybrid levy systems. It will also encourage the other provinces to choose between cap-and-trade or direct pricing systems, starting at C$10/t in 2018 and scaling to C$50/t by 2022,” said Sullivan.
"We’re delighted to see such a progressive stance on market mechanisms, and congratulate Canada on its climate leadership and championing of carbon pricing,” Forrister added.