GENEVA, 15 December – IETA’s GHG Market Report 2020, released today, focuses on long-term climate goals and how to achieve them – kicking off with an introduction by Christiana Figueres on the choices for 2050.
Vision 2050, available online, includes two carbon market scenarios by Baker McKenzie, a piece by Bill Winters on how the voluntary market can play a role in driving ambition and the latest on net-zero pledges from IETA members. The opening session of today’s European Climate Summit will feature a panel discussion about the report with some of this year’s authors – see the event website to sign up for free.
Other highlights include how a swathe of government net-zero pledges is pulling the world closer to meeting the Paris Agreement’s goals, how the EU ETS is being changed for the future, and moving from planning to carbon pricing implementation in developing countries. It also includes a series of mini-profiles of innovations by IETA members which are transforming the way things are done, from sustainable farming to green steel, as well as a look at what policies are needed to deliver on these technologies for tomorrow.
“Decisions taken in this new decade are critical to whether or not we realise our 2050 goals, and this year’s report drills down into some of the issues, such as transparency, accountability and innovation,” says IETA President and CEO Dirk Forrister. “Even despite the chaos and tragedy that COVID-19 has unleashed on the world, governments, business and other stakeholders are doubling down on climate commitments, in recognition that time is running out to make meaningful changes to secure the vision of 2050 we collectively share.”
The report also looks at how to ensure a just transition in a resource-rich economy, focusing on South Africa, and how to successfully fight back against legal challenges to carbon pricing policies.