Action is needed to move to a low-carbon future and hold the increase in the global average temperature to well below two degrees above the pre-industrial levels. To accomplish those goals, policies are needed that reflect local circumstances, create new economic opportunities and support citizens’ wellbeing. This is where greenhouse gas carbon pricing enters the picture. By aligning profits with low-emissions investments and innovation, a uniform price on carbon can drive progress toward reducing emissions.
This learning builds on the successful report, ‘Emissions Trading in Practice: Handbook for Design and Implementation’, developed by the Partnership for Market Readiness (PMR) and International Carbon Action Partnership (ICAP). Through a bite sized learning approach, this video showcases the importance of Emissions Trading Systems(ETS) and presents the 10 steps to designing an ETS that can be a credible and transparent tool for helping achieve low cost emissions reductions in ways that mobilize private sector actors, attract investment and encourage international cooperation.