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Joint press release with the Ministry of Foreign Affairs and the Ministry of the Environment Japan Held a COP22 Side Event concerning the Carbon Market Platform

Taking advantage of the 22nd Session of the Conference of the Parties (COP 22) of the United Nations Framework Convention on Climate Change (UNFCCC) held in Marrakech, Morocco, on November 17, 2016, the government of Japan held a COP22 Side Event concerning the Carbon Market Platform at the Japan Pavilion of the conference.

1. Outline

Taking advantage of the COP22 of the UNFCCC held in Marrakech, Morocco, on November 17, 2016, the government of Japan held a COP22 Side Event concerning the Carbon Market Platform at the Japan Pavilion of the conference.

The side event was held in response to the First Strategic Dialogue of the Carbon Market Platform held in Tokyo on June 16 and 17, 2016, co-chaired by Germany and Japan, and participants introduced the summary of the First Strategic Dialogue and discussed the future directions of the Carbon Market Platform and other issues.

The Second Strategic Dialogue of the Carbon Market Platform will be held in Italy in 2017, co-chaired by Italy and Germany.

Outline of the side event:

Date:
November 17 (Thur.), 2016, from 10:30 to 11:30 (local time)
Venue:
Japan Pavilion built at the venue of the COP22 (Marrakech, Morocco)
Organizers:
  • Japanese side: The Ministry of the Environment, the Ministry of Economy, Trade and Industry, and the Ministry of Foreign Affairs
  • German side: The Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB)

2. Background to the side event

The G7 Leaders’ Declaration issued at the G7 Elmau Summit meeting in June 2015 stated as follows on the establishment of a platform for the strategic dialogue: “We commit to applying effective policies and actions throughout the global economy, including carbon market-based and regulatory instruments.” The establishment of such platform for the strategic dialogue is also referred to in the G7 Ise-Shima Leaders’ Declaration.

In response, on June 16 and 17, 2016, the First Strategic Dialogue of the Carbon Market Platform was held in Tokyo, co-chaired by Japan, a chair of the G7 Ise-Shima Summit meeting in 2016, and by Germany.

Japan held the side event to introduce the summary of the First Strategic Dialogue and also to discuss the future directions of the Carbon Market Platform as well as its expected role.

3. Summary of the outcomes

  • Participants shared the same recognition that the Platform is a bridge between a political will concerning carbon markets and technical knowledge.
  • They recognized anew that continuous dialogue among policymakers is essential to keep providing political impetus.
  • They confirmed that member countries should strengthen collaboration to further utilize future carbon markets and other opportunities at the Second Strategic Dialogue of the Carbon Market Platform to be held in Italy in 2017, co-chaired by Italy and Germany.

References

1: G7 Leaders’ Declaration issued at the G7 Elmau Summit (excerpts)

In order to incentivize investments towards low-carbon growth opportunities we commit to the long-term objective of applying effective policies and actions throughout the global economy, including carbon market-based and regulatory instruments and call on other countries to join us. We are committed to establishing a platform for a strategic dialogue on these issues based on voluntary participation and in cooperation with relevant partners, including the World Bank.

2: G7 Leaders’ Declaration issued at the G7 Ise-Shima Summit (excerpts)

We recognize the important role of providing incentives for emission reduction activities, including tools such as domestic policies and carbon pricing. We welcome the establishment of the Carbon Market Platform and its first strategic dialogue to be held in Tokyo.

3: Overviews of the outcomes of the First Strategic Dialogue

From 16 to 17 June 2016, representatives from Australia, Canada, Chile, European Union, France, Germany, Indonesia, Italy, Japan, Korea, New Zealand, Senegal, Switzerland, United Kingdom, United States and Vietnam as well as from the international organizations International Carbon Action Partnership (ICAP), OECD, the UNFCCC secretariat and the World Bank met in Tokyo, Japan for the first Strategic Dialogue of the Carbon Market Platform, which was established based on Leaders’ Declaration of the G7 Summit at Schloss Elmau in Germany in June 2015.

In the Declaration, the heads of states emphasised that deep cuts in global greenhouse gas emissions are required with a decarbonisation of the global economy over the course of this century. In order to facilitate a worldwide low-carbon development path, they committed to the long-term objective of applying effective policies and actions throughout the global economy, including carbon market-based and regulatory instruments, and decided to establish a political platform for a strategic dialogue on these issues.

The aim of the Platform is to facilitate an informed and open strategic dialogue between countries on climate change policies, and the Platform will provide a forum to identify political and institutional gaps at the national and international levels and allow for new cooperative and coordinated approaches to be developed.

The Dialogue was co-chaired by Mr. Shigemoto Kajihara, Vice-Minister for Global Environmental Affairs, Ministry of the Environment of Japan, and Mr. Karsten Sach, Director General, Climate Policy, European and International Policy, Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) of Germany.

In the Dialogue, participants have presented their experiences with carbon markets, carbon pricing and regulatory instruments in the context of nationally determined contributions (NDCs) and discussed with the aim to foster understanding of the various domestic approaches, uncover their drivers and barriers, identify best practices, and discover new options for policy coordination that can enhance environmental integrity, leverage gains in efficiency, and reduce competitiveness concerns.

Participants also discussed Article 6 of the Paris Agreement which provides countries with opportunities to use internationally transferred mitigation outcomes (ITMOs) and UN-backed credits to achieve their NDCs, and how the Platform should support and complement activities to the UNFCCC process in the development of guidelines, rules, modalities, procedures and best practices, which are necessary to support environmentally sound and cost-effective mitigation outcomes while using carbon markets.

During the course of discussions, it was highlighted that the Platform can provide political impetus and ultimately support fostering a robust and sustainable development of carbon markets globally, while taking into account national preferences and circumstances. It was also highlighted that continuous dialogue that will engage policymakers at the Director-General level are essential in order to keep providing political impetus and that such dialogue should be supported by preparatory work at the expert level.

In this regard, the Second Strategic Dialogue will be held in Italy in 2017, co-chaired by Italy and Germany, with a view to accommodate the diversity of approaches in its members’ climate policy strategies and to ensure a balanced participation.

The outline of this Dialogue will be presented at a side event during COP22 in Marrakech, Morocco.

Release date

November 18, 2016

Division in Charge

Global Environment Partnership Office, Industrial Science and Technology Policy and Environment Bureau

Last updated:2016-11-24
Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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