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Transcript of International Carbon Action Partnership (ICAP): Update California Climate Initiative Dialogue Group...
International Carbon Action Partnership (ICAP):
Update
California Climate InitiativeDialogue Group
March 3, 2008
California Climate InitiativeDialogue Group
Page 2
Update on ICAP Membership
International Members:– EU members: European Commission, France, Germany,
Greece, Ireland, Italy, Netherlands, Portugal, Spain, and UK.– WCI members: California, Arizona, Oregon, Washington, New
Mexico, Manitoba, and British Columbia – RGGI members: Maine, Maryland, Massachusetts, New Jersey
and New York– New Zealand and Norway
Observers:– Open door policy for public authorities/governments considering
introducing cap & trade systems as one of the strategies to reduce emissions.
California Climate InitiativeDialogue Group
Page 3
Member Commitments
– Mandatory cap on GHG emissions.– Cap and trade being pursued as one of the strategies
to reduce emissions.– It is understood by all the members that other
mechanisms will also be needed.– Desire to link efforts to command the greatest
environmental benefit at least cost.
California Climate InitiativeDialogue Group
Page 4
ICAP Goals
Opportunity to share best practices and learn from each others’ experiences.
Enhance the design of carbon markets to achieve maximum reductions.
Design and collaboration can prevent leakage. Ensure that design compatibility issues are
recognized at an early stage.
California Climate InitiativeDialogue Group
Page 5
Update on Governance
Partners have recently reached consensus on the structure and members of the Steering Committee of 2008-09
A total of 11 seats distributed among the regions: 5x North America (RGGI,WCI), 5x Europe (EU ETS, including NOR) and 1x Oceania (NZL ETS).
For maximum of 2 years. The seats to rotate within the regions.
California Climate InitiativeDialogue Group
Page 6
Steering Committee
The five seats for Europe shall be distributed as follows:– One permanent seat for the EU Commission,– two seats for bigger EU-MS,– two seats for smaller EU-MS including NOR which is not part of
the EU but already linked to the EU-ETS. The five seats for North America shall be distributed as
follows: – 3 seats for WCI,– 2 seats for RGGI with an option to provide a seat to the Midwest
States if they would join within the next two years. The 11th seat shall be taken by NZL for Oceania with the
option to rotate with Australia if they would join within the next two years.
California Climate InitiativeDialogue Group
Page 7
Steering Committee
Region 1/2008 2/2008 1/2009 2/2009Europe (EU-ETS), permanent member - EU 1 EU-Commission EU-Commission EU-
Commission EU-CommissionEurope (EU-ETS) bigger EU-MS - EU 2 Germany UK /GER Spain SpainEurope (EU-ETS) bigger EU-MS - EU 3 United Kingdom France France xEurope (EU-ETS) smaller MS + NOR – EU4 Norway Norway x xEurope (EU-ETS) smaller MS + NOR - EU 5 Portugal The Netherlands The Netherlands
xNorth America – NA 1 (RGGI 1) New Jersey New Jersey New Jersey New JerseyNorth America - NA 2 (RGGI 2) New York New York New York New YorkNorth America – NA 3 (WCI 1) British Columbia British Columbia British Columbia
British ColumbiaNorth America – NA 4 (WCI 2) California California California CaliforniaNorth America – NA 5 (WCI 3) Oregon Oregon Oregon OregonOceania (NZL-ETS) – OC 1 (NZL 1) New Zealand New Zealand New Zealand New
Zealand The structure will need to be flexible and reviewed at least every 2 years.
California Climate InitiativeDialogue Group
Page 8
Appointments
Chair of SC: California The first meeting of the SC will take place in
early March. Appointed Project Manager: Martin Bergfelder of
Germany (funded by Germany) Appointed Conference Organizer: Chris Dekkers
of Netherlands (funded by Netherlands)
California Climate InitiativeDialogue Group
Page 9
The 1st Conference of ICAP: Global Carbon Market Forum
In Brussels on May 19 and 20, 2008 hosted by the EC Focus: Monitoring, Reporting, Verification,
Compliance and Enforcement Identify the experiences in monitoring, reporting,
verification, compliance and enforcement in emissions trading systems in North America,Europe and in other parts of the world
Explore issues relating to linking carbon trading systems and assess potential solutions to overcome linking barriers.
Open to all stakeholders
California Climate InitiativeDialogue Group
Page 10
Meeting in NY
California Climate InitiativeDialogue Group
Page 11
California ICAP Contact
Margret J. Kim, ARB/CalEPA – Darren Bouton, Gov Office– Eileen Tutt, CalEPA
Link: www.icapcarbonaction.com