Background

Postponement of the COP26 in Glasgow to November 2021 following the global impact of the Covid19 crisis risks delaying climate negotiations, but may also affect the momentum for carbon pricing observed across jurisdictions in recent years. While central to any COP is negotiations between parties, pavilion and side events serve as an important platform for organizations and stakeholders to engage, share knowledge, build capacity and networks and explore policy options and other activities. COPs also provide a bridge between the broader research community with negotiators, with benefits flowing in both directions.

In recent years COPs in general and side events in particular have become increasingly a focusing event for the carbon market community to come together and exchange on carbon markets as an increasingly important measure to fight climate change. Indeed, ICAP and IETA have actively participated in these discussions early on.

Against this backdrop, ICAP and IETA see the need for an alternative format to engage relevant stakeholders of the international community in discussions and exchanges centered around carbon markets and priorities for carbon pricing in the years ahead. In this light, we organized a Carbon Markets Virtual Pavilion.

The idea of the pavilion is to replicate carbon markets side events through an online and virtual exchange platform that facilitates exchange between experts, policy makers, and negotiators across regions. The online pavilion can host webinars, panel discussions, expert talks/lectures and presentations, Q&As or interactive workshops. In similar fashion to regular COP side events, the virtual pavilion aims to serve as an informal carbon markets networking arena for people to connect and stay in touch.