October 08, 2018 – According to the new scientific report by the Intergovernmental Panel on Climate Change (IPCC) of the United Nations, limiting global warming to 1.5 degrees Celsius above pre-industrial level could stave off the most catastrophic consequences of climate change. Human activities are estimated to have caused 1 degree Celsius global warming already, and “rapid, far-reaching and unprecedented changes in all aspects of society” are required to achieve this aim. For this, the report mentions carbon pricing as one of many instruments to tackle climate change. Carbon pricing “could minimise the social costs of the low carbon transition by equating the marginal costs of abatement across all sources of emissions“. The report is the key scientific input into the COP 24 in Poland in December, when governments review the Paris Agreement.

Source:
http://ipcc.ch/report/sr15/

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Sino-German Cooperation on Emissions Trading Systems, Carbon Market Mechanisms, and Industry-related N2O Mitigation

Project country
China
Political Partners
German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU); Ministry of Ecology and Environment of the People's Republic of China (MEE)
Implementation Partners
National Center for Climate Change Strategy and International Cooperation of the People's Republic of China (NCSC)
Duration
07/2012 - 09/2022

The project has been supporting the development of ETS in China since 2012. Since the launch of the Chinese national ETS, the project provides support to further refine the ETS and strengthen the political and technical dialogue between China and Germany on carbon market topics. Since 2020, the project also supports the abatement of industry related N2O emissions through capacity building, studies, workshops, and various exchange formats.