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The Power of Markets and International Cooperation in Reaching Net Zero

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The Power of Markets and International Cooperation in Reaching Net Zero

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The Power of Markets and International Cooperation in Reaching Net Zero

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ON TRACK TO NET ZERO

1

Develop robust processes

22

Cover all GHGs and sectors

3

Aim for net zero by mid-century or earlier then go negative

4

Also include an absolute emissions reduction target

5

Avoid or limit the use of int’l transfers of reductions/removals

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Be transparent

7

Inform near and midterm climate action

ON TRACK TO NET ZEROKelly Levin, World Resources Institute

RECOMMENDATIONS FOR USE OF INTERNATIONAL TRANSFERS

• Prioritize GHG emissions reductions/ enhanced removals within their territory.

• If countries use international transfers:– establish limits to the amounts of transfers– ensure robust accounting – limit transfers to only surplus mitigation from

other countries

WHO PURCHASES FROM WHOM?

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THOSE THAT RELY ON INTERNATIONAL TRANSFERS SHOULD CONSIDER INCREASING TARGET AMBITION

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NEED TO CLEARLY DIFFERENTIATE BETWEEN THE ROLE OF INT’L TRANSFERS ON WAY TO NET ZERO THAN IN MID-CENTURY

RELATEDLY, CONSIDER THE ROLE OF EMISSIONS REDUCTION VS. CARBON REMOVAL IN TRANSFERS

ON TRACK TO NET ZERO

https://www.wri.org/publication/designing-and-communicating-net-zero-targets

Kelly Levinklevin@wri.org

The Power of Markets and International Cooperation in Reaching Net Zero

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The Power of Markets and International Cooperation in Reaching Net Zero

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