Carbon Markets

September 27, WED  /  14:15 - 15:30

The climate agenda is an important factor in global development. Transitioning to a green economy effective business must relate to its climate profile: carbon footprint, climate strategy of the company, reduction and compensation of greenhouse gas emissions from production activities. Trading in quotas and carbon units is an effective mechanism for limiting greenhouse gas emissions, offsetting the carbon footprint.

Currently, 26 greenhouse gas emission trading systems are already in operation around the world, and the voluntary carbon market segment is actively developing. In addition, the launch of market mechanisms under Article 6 of the Paris Agreement is expected in the near future.

At the same time, a global trend is beginning to emerge towards the implementation of circular emission trading systems, where only national quotas for greenhouse gas emissions are traded or partial use of carbon units generated is under strictly defined by climate standards or programmes.

In this context, it is crucial to seek a balanced approach between the development of national carbon markets and high-quality international partnership. This will reduce the risks to national economic growth from the economic barriers which might emerge and promote low-carbon but mutually respectful trade cooperation.



* The Programme may be subject to change