SlideShare a Scribd company logo

8th Strategic Dialogue of the CMP - Takayuki Shigematsu, Japan

Session 1A presentation from the 8th Strategic Dialogue of the Carbon Market Platform, 23-24 October 2023

1 of 8
Download to read offline
G7 Presidency on
Principles of High Integrity Carbon Markets
Government of Japan
Takayuki SHIGEMATSU
Office of Director for International Cooperation for
Transition to Decarbonization and Sustainable Infrastructure
2023 8th Strategic Dialogue of the Carbon Market Platform
Session1A: the G7 Principles & CMP Analysis
2
Background –Discussion on High Integrity Carbon Markets at G7
2021 UK Presidency
 G7 Climate and Environment Ministers’ Meeting Communiqué
24. We affirm the fundamental importance of environmental integrity and sustainable
development in the design of high integrity carbon market mechanisms, including those
used for voluntary purposes, which should be based on robust rules and accounting that
ensure avoidance of all forms of double counting.
2022 German Presidency
 G7 Climate, Energy and Environmental Ministers’ Communique
59. We reaffirm the fundamental importance of environmental integrity and sustainable
development in the design of high integrity carbon market mechanisms…
 G7 Finance Ministers and Central Bank Governors Statement on Climate Issues
5. We reaffirm the potential of high integrity carbon markets and carbon pricing to foster
cost‐efficient reductions in emission levels, drive innovation and enable a transformation
to net zero, through the optimal use of a range of policy levers to price carbon.
3
 We underscore the role that high integrity carbon markets can play in achieving net‐zero
emissions by 2050, in enhancing the implementation and ambition of 2030 NDCs, including
beyond their current levels.
 The implementation of Article 6 guidance and rules provides a robust framework for carbon
markets under the Paris Agreement to ensure environmental integrity and promote sustainable
development.
 In order to promote the development of carbon markets while ensuring their environmental
integrity, we adopt the “Principles of High Integrity Carbon Markets”, and will facilitate their
implementation in carbon credit markets, including by sharing experiences through discussions of
the Carbon Market Platform.
 We will collaborate to promote international coordination among various initiatives related to
capacity building, including through the “Paris Agreement Article 6 Implementation
Partnership”.
 For providing sustained activities at the Partnership, we welcome Japan’s initiative to establish
the “Article 6 Implementation Partnership Center”, in this regard as a secretariat for the
Partnership in supporting capacity building towards implementing Article 6 of the Paris
Agreement.
2023 G7 Sapporo Communique
Para57. Carbon Markets and Ariticle 6 of the Paris Agreement
G7 Climate, Energy and Environment Ministers’ Communiqué adopted on April 16, 2023
4
Communiqué Annex and related initiatives
Communiqué annex
Relevant initiatives
The G7 Alliance on
Nature Positive
Economy
Circular Economy
and Resource
Efficiency
Principles (CEREP)
Conclusions
regarding the
Industrial
Decarbonization
Agenda
Principles of High
Integrity Carbon
Markets
Five‐Point Plan for
Critical Minerals
Security
G7 Roundtable on
Subnational
Climate Actions
G7 Inventory on
Climate Disaster
Risk Reduction,
Response and
Recovery
The G7
Workshop on
Invasive Alien
Species
Article 6
Implementation
Partnership
Center
Workshops on
CCU/carbon
recycling
technologies
G7 platform for
net‐zero and well‐
being in life
5
Principles of High Integrity Carbon Markets
1. Overall message
• The ambitious climate goals can be advanced by supporting GHGs mitigation actions that generate
high integrity carbon credits.
• High integrity carbon credit markets need to be consistent with a pathway toward overall net‐zero
emissions.
• We acknowledge the vital contributions of organizations and initiatives advancing principles such as
these to amplify environmental integrity in the creation and use of carbon credits, whether for
voluntary or compliance purposes.
• We will strive to promote these principles where appropriate in the development of carbon credit
markets.
2. Components of the Principles
The principles apply to strategies and standards guiding their supply, demand, and market infrastructure to
improve credibility, transparency, and overall confidence in the markets.
• Supply‐side integrity
• Demand‐side integrity
• Market integrity
*Principles of High Integrity Carbon Markets: https://www.env.go.jp/content/000128283.pdf
6
Principles of High Integrity Carbon Markets
3. Summary of “Principles of High Integrity Carbon Markets”
I. Supply‐side Integrity
• A robust certification standard for activity design and MRV of emission reductions or
removals:
- Crediting levels: consistency with the 1.5℃ goal of the Paris Agreement and global net‐
zero emissions by 2050.
- Underlying activities and condition: contribution to host country mitigation, avoidance of
lock‐in of high emission pathways, mitigation strategies in place with an emphasis on
direct mitigation action.
- Alignment with international requirements: Article 6 rulebook, the CORSIA emissions
units criteria and guidelines
- Governance: robustness, transparency, public accountability, and long‐term
administration.
- Sustainable development: disclosure of objectives and resulting benefits.
‐ Safeguard: Appropriate measures are in place to address environmental and social
impacts (including respect for human rights, gender equality, and the rights of Indigenous
Peoples).

Recommended

Discovering options for cooperative approaches and ITMOs under PA, Dr. Venkat...
Discovering options for cooperative approaches and ITMOs under PA, Dr. Venkat...Discovering options for cooperative approaches and ITMOs under PA, Dr. Venkat...
Discovering options for cooperative approaches and ITMOs under PA, Dr. Venkat...OECD Environment
 
Korea's Efforts in Achieving Carbon Neutral Society
Korea's Efforts in Achieving Carbon Neutral SocietyKorea's Efforts in Achieving Carbon Neutral Society
Korea's Efforts in Achieving Carbon Neutral SocietyESD UNU-IAS
 
2018 GRESB Infrastructure Results Amsterdam
2018 GRESB Infrastructure Results Amsterdam2018 GRESB Infrastructure Results Amsterdam
2018 GRESB Infrastructure Results AmsterdamGRESB
 
A digital transformation of the sustainability information flows (
A digital transformation  of  the sustainability information flows  (A digital transformation  of  the sustainability information flows  (
A digital transformation of the sustainability information flows (Workiva
 
BCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -EN
BCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -ENBCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -EN
BCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -ENARDOR
 
Unveiling the Potential of Market Based Mechanism Implementation in Indonesia
Unveiling the Potential of Market Based Mechanism Implementation in IndonesiaUnveiling the Potential of Market Based Mechanism Implementation in Indonesia
Unveiling the Potential of Market Based Mechanism Implementation in IndonesiaDicky Edwin Hindarto
 
Session-3a-Transparency-and-Linking-in-a-new-Paris-Regime-Combined-Presentati...
Session-3a-Transparency-and-Linking-in-a-new-Paris-Regime-Combined-Presentati...Session-3a-Transparency-and-Linking-in-a-new-Paris-Regime-Combined-Presentati...
Session-3a-Transparency-and-Linking-in-a-new-Paris-Regime-Combined-Presentati...JustitiaAvila
 

More Related Content

Similar to 8th Strategic Dialogue of the CMP - Takayuki Shigematsu, Japan

Toward international architecture for carbon markets, Richard Baron - OECD
Toward international architecture for carbon markets, Richard Baron - OECDToward international architecture for carbon markets, Richard Baron - OECD
Toward international architecture for carbon markets, Richard Baron - OECDOECD Environment
 
Building sustainability into the NHS Supply Chain
Building sustainability into the NHS Supply ChainBuilding sustainability into the NHS Supply Chain
Building sustainability into the NHS Supply ChainUN SPHS
 
P2P-ASEAN-Report.pdf
P2P-ASEAN-Report.pdfP2P-ASEAN-Report.pdf
P2P-ASEAN-Report.pdfAllixvonArado
 
Overview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEA
Overview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEAOverview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEA
Overview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEAOECD Environment
 
Climate Summit Action Areas Financing2
Climate Summit Action Areas Financing2Climate Summit Action Areas Financing2
Climate Summit Action Areas Financing2Dr Lendy Spires
 
7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World Bank
7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World Bank7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World Bank
7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World BankOECD Environment
 
Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...
Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...
Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...Alan D. Lee
 
The AD Market in the UK
The AD Market in the UKThe AD Market in the UK
The AD Market in the UKNNFCC
 
Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...
Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...
Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...OECD Environment
 
8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...
8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...
8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...OECD Environment
 
tisa_esg_briefing_slide_deck_1.pptx
tisa_esg_briefing_slide_deck_1.pptxtisa_esg_briefing_slide_deck_1.pptx
tisa_esg_briefing_slide_deck_1.pptxMendietaPerro
 
Carbon footprint reading 2
Carbon footprint reading 2Carbon footprint reading 2
Carbon footprint reading 2David Humphrey
 
Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...
Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...
Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...OECD Environment
 
ClieNFarms informal policy workshop report.pdf
ClieNFarms informal policy workshop report.pdfClieNFarms informal policy workshop report.pdf
ClieNFarms informal policy workshop report.pdfBiosense1
 
IEF programme theme #2 Just & Affordable Clean Energy_20230214.pptx
IEF programme theme #2 Just & Affordable Clean Energy_20230214.pptxIEF programme theme #2 Just & Affordable Clean Energy_20230214.pptx
IEF programme theme #2 Just & Affordable Clean Energy_20230214.pptxTEPBLEMIGAS
 
GHG Protocl Supply Chain and Product Standard High Level Overview
GHG Protocl Supply Chain and Product Standard High Level OverviewGHG Protocl Supply Chain and Product Standard High Level Overview
GHG Protocl Supply Chain and Product Standard High Level OverviewRanping Song
 
G7 clean energy economy action plan
G7 clean energy economy action planG7 clean energy economy action plan
G7 clean energy economy action planEnergy for One World
 
General International Trends and Efforts in Coping with Climate Change
General International Trends and Efforts in Coping with Climate ChangeGeneral International Trends and Efforts in Coping with Climate Change
General International Trends and Efforts in Coping with Climate ChangeICF
 

Similar to 8th Strategic Dialogue of the CMP - Takayuki Shigematsu, Japan (20)

Toward international architecture for carbon markets, Richard Baron - OECD
Toward international architecture for carbon markets, Richard Baron - OECDToward international architecture for carbon markets, Richard Baron - OECD
Toward international architecture for carbon markets, Richard Baron - OECD
 
Building sustainability into the NHS Supply Chain
Building sustainability into the NHS Supply ChainBuilding sustainability into the NHS Supply Chain
Building sustainability into the NHS Supply Chain
 
P2P-ASEAN-Report.pdf
P2P-ASEAN-Report.pdfP2P-ASEAN-Report.pdf
P2P-ASEAN-Report.pdf
 
Overview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEA
Overview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEAOverview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEA
Overview of Article 6 and the Paris Agreement Rulebook - Luca Lo Re, IEA
 
Climate Summit Action Areas Financing2
Climate Summit Action Areas Financing2Climate Summit Action Areas Financing2
Climate Summit Action Areas Financing2
 
7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World Bank
7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World Bank7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World Bank
7th Strategic Dialogue of the CMP - Venkata Ramana Putti, World Bank
 
Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...
Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...
Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...
 
The AD Market in the UK
The AD Market in the UKThe AD Market in the UK
The AD Market in the UK
 
Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...
Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...
Increased Ambition and Updated NDCs, Angela Churie Kallhauge - Head, Carbon P...
 
8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...
8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...
8th Strategic Dialogue of the CMP - Fenella Aouane, Global Green Growth Insti...
 
tisa_esg_briefing_slide_deck_1.pptx
tisa_esg_briefing_slide_deck_1.pptxtisa_esg_briefing_slide_deck_1.pptx
tisa_esg_briefing_slide_deck_1.pptx
 
Science Based Target Setting for Financial Institutions
Science Based Target Setting for Financial InstitutionsScience Based Target Setting for Financial Institutions
Science Based Target Setting for Financial Institutions
 
Carbon footprint reading 2
Carbon footprint reading 2Carbon footprint reading 2
Carbon footprint reading 2
 
Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...
Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...
Enhancing ambition through carbon pricing, Hugh Salway - UK Department for Bu...
 
Greener NHS Webinar.pptx
Greener NHS Webinar.pptxGreener NHS Webinar.pptx
Greener NHS Webinar.pptx
 
ClieNFarms informal policy workshop report.pdf
ClieNFarms informal policy workshop report.pdfClieNFarms informal policy workshop report.pdf
ClieNFarms informal policy workshop report.pdf
 
IEF programme theme #2 Just & Affordable Clean Energy_20230214.pptx
IEF programme theme #2 Just & Affordable Clean Energy_20230214.pptxIEF programme theme #2 Just & Affordable Clean Energy_20230214.pptx
IEF programme theme #2 Just & Affordable Clean Energy_20230214.pptx
 
GHG Protocl Supply Chain and Product Standard High Level Overview
GHG Protocl Supply Chain and Product Standard High Level OverviewGHG Protocl Supply Chain and Product Standard High Level Overview
GHG Protocl Supply Chain and Product Standard High Level Overview
 
G7 clean energy economy action plan
G7 clean energy economy action planG7 clean energy economy action plan
G7 clean energy economy action plan
 
General International Trends and Efforts in Coping with Climate Change
General International Trends and Efforts in Coping with Climate ChangeGeneral International Trends and Efforts in Coping with Climate Change
General International Trends and Efforts in Coping with Climate Change
 

More from OECD Environment

OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 

More from OECD Environment (20)

OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 

Recently uploaded

Revisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response ActRevisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response Actccappr
 
The role of mangrove blue carbon research to support national climate mitigat...
The role of mangrove blue carbon research to support national climate mitigat...The role of mangrove blue carbon research to support national climate mitigat...
The role of mangrove blue carbon research to support national climate mitigat...CIFOR-ICRAF
 
MAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptx
MAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptxMAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptx
MAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptxantoniolfdez2006
 
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsxEllen Book
 
Academic Framework of Blue Carbon Ecosystems (BCE)
Academic Framework of Blue Carbon Ecosystems (BCE)Academic Framework of Blue Carbon Ecosystems (BCE)
Academic Framework of Blue Carbon Ecosystems (BCE)CIFOR-ICRAF
 
Mangrove restoration – where to restore & can we monitor? case for Indonesia
Mangrove restoration – where to restore & can we monitor? case for IndonesiaMangrove restoration – where to restore & can we monitor? case for Indonesia
Mangrove restoration – where to restore & can we monitor? case for IndonesiaCIFOR-ICRAF
 
Blue Carbon Dialogue: From science-based policy to implementation
Blue Carbon Dialogue: From science-based policy to implementationBlue Carbon Dialogue: From science-based policy to implementation
Blue Carbon Dialogue: From science-based policy to implementationCIFOR-ICRAF
 
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...Open Access Research Paper
 
#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and Winners#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and WinnersGeloTon
 
Solar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installationsSolar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installationsSolar KW Limited
 
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证8cuw8kc0
 
GFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheriesGFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheriesMark Dickey-Collas
 
Research priorities in seagrass ecosystems to enhance blue carbon as Natural...
Research priorities in seagrass ecosystems to enhance blue carbon  as Natural...Research priorities in seagrass ecosystems to enhance blue carbon  as Natural...
Research priorities in seagrass ecosystems to enhance blue carbon as Natural...CIFOR-ICRAF
 
Trees, forests and landscapes for people and the planet
Trees, forests and landscapes for people and the planetTrees, forests and landscapes for people and the planet
Trees, forests and landscapes for people and the planetCIFOR-ICRAF
 
Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...
Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...
Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...CIFOR-ICRAF
 
Kebijakan Blue Carbon dalam operasionalisasi global
Kebijakan Blue Carbon dalam operasionalisasi globalKebijakan Blue Carbon dalam operasionalisasi global
Kebijakan Blue Carbon dalam operasionalisasi globalCIFOR-ICRAF
 
Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)HNO International
 
Coffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatieCoffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatieMetaSus
 

Recently uploaded (20)

Revisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response ActRevisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response Act
 
The role of mangrove blue carbon research to support national climate mitigat...
The role of mangrove blue carbon research to support national climate mitigat...The role of mangrove blue carbon research to support national climate mitigat...
The role of mangrove blue carbon research to support national climate mitigat...
 
MAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptx
MAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptxMAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptx
MAPAS CONCEPTUALES DEL TEMA 3, 4 Y 5.pptx
 
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
 
Academic Framework of Blue Carbon Ecosystems (BCE)
Academic Framework of Blue Carbon Ecosystems (BCE)Academic Framework of Blue Carbon Ecosystems (BCE)
Academic Framework of Blue Carbon Ecosystems (BCE)
 
Mangrove restoration – where to restore & can we monitor? case for Indonesia
Mangrove restoration – where to restore & can we monitor? case for IndonesiaMangrove restoration – where to restore & can we monitor? case for Indonesia
Mangrove restoration – where to restore & can we monitor? case for Indonesia
 
Blue Carbon Dialogue: From science-based policy to implementation
Blue Carbon Dialogue: From science-based policy to implementationBlue Carbon Dialogue: From science-based policy to implementation
Blue Carbon Dialogue: From science-based policy to implementation
 
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
 
#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and Winners#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and Winners
 
Solar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installationsSolar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installations
 
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
 
GFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheriesGFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheries
 
Conservation Delivery in Pacific Island Communities
Conservation Delivery in Pacific Island CommunitiesConservation Delivery in Pacific Island Communities
Conservation Delivery in Pacific Island Communities
 
Research priorities in seagrass ecosystems to enhance blue carbon as Natural...
Research priorities in seagrass ecosystems to enhance blue carbon  as Natural...Research priorities in seagrass ecosystems to enhance blue carbon  as Natural...
Research priorities in seagrass ecosystems to enhance blue carbon as Natural...
 
Trees, forests and landscapes for people and the planet
Trees, forests and landscapes for people and the planetTrees, forests and landscapes for people and the planet
Trees, forests and landscapes for people and the planet
 
Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...
Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...
Blue Carbon Dialogue: Bridging Science and Policy for Effective Implementatio...
 
Kebijakan Blue Carbon dalam operasionalisasi global
Kebijakan Blue Carbon dalam operasionalisasi globalKebijakan Blue Carbon dalam operasionalisasi global
Kebijakan Blue Carbon dalam operasionalisasi global
 
Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)
 
Smiling Faces Photo Reel 2024 Annual Meeting
Smiling Faces Photo Reel 2024 Annual MeetingSmiling Faces Photo Reel 2024 Annual Meeting
Smiling Faces Photo Reel 2024 Annual Meeting
 
Coffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatieCoffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatie
 

8th Strategic Dialogue of the CMP - Takayuki Shigematsu, Japan

  • 1. G7 Presidency on Principles of High Integrity Carbon Markets Government of Japan Takayuki SHIGEMATSU Office of Director for International Cooperation for Transition to Decarbonization and Sustainable Infrastructure 2023 8th Strategic Dialogue of the Carbon Market Platform Session1A: the G7 Principles & CMP Analysis
  • 2. 2 Background –Discussion on High Integrity Carbon Markets at G7 2021 UK Presidency  G7 Climate and Environment Ministers’ Meeting Communiqué 24. We affirm the fundamental importance of environmental integrity and sustainable development in the design of high integrity carbon market mechanisms, including those used for voluntary purposes, which should be based on robust rules and accounting that ensure avoidance of all forms of double counting. 2022 German Presidency  G7 Climate, Energy and Environmental Ministers’ Communique 59. We reaffirm the fundamental importance of environmental integrity and sustainable development in the design of high integrity carbon market mechanisms…  G7 Finance Ministers and Central Bank Governors Statement on Climate Issues 5. We reaffirm the potential of high integrity carbon markets and carbon pricing to foster cost‐efficient reductions in emission levels, drive innovation and enable a transformation to net zero, through the optimal use of a range of policy levers to price carbon.
  • 3. 3  We underscore the role that high integrity carbon markets can play in achieving net‐zero emissions by 2050, in enhancing the implementation and ambition of 2030 NDCs, including beyond their current levels.  The implementation of Article 6 guidance and rules provides a robust framework for carbon markets under the Paris Agreement to ensure environmental integrity and promote sustainable development.  In order to promote the development of carbon markets while ensuring their environmental integrity, we adopt the “Principles of High Integrity Carbon Markets”, and will facilitate their implementation in carbon credit markets, including by sharing experiences through discussions of the Carbon Market Platform.  We will collaborate to promote international coordination among various initiatives related to capacity building, including through the “Paris Agreement Article 6 Implementation Partnership”.  For providing sustained activities at the Partnership, we welcome Japan’s initiative to establish the “Article 6 Implementation Partnership Center”, in this regard as a secretariat for the Partnership in supporting capacity building towards implementing Article 6 of the Paris Agreement. 2023 G7 Sapporo Communique Para57. Carbon Markets and Ariticle 6 of the Paris Agreement G7 Climate, Energy and Environment Ministers’ Communiqué adopted on April 16, 2023
  • 4. 4 Communiqué Annex and related initiatives Communiqué annex Relevant initiatives The G7 Alliance on Nature Positive Economy Circular Economy and Resource Efficiency Principles (CEREP) Conclusions regarding the Industrial Decarbonization Agenda Principles of High Integrity Carbon Markets Five‐Point Plan for Critical Minerals Security G7 Roundtable on Subnational Climate Actions G7 Inventory on Climate Disaster Risk Reduction, Response and Recovery The G7 Workshop on Invasive Alien Species Article 6 Implementation Partnership Center Workshops on CCU/carbon recycling technologies G7 platform for net‐zero and well‐ being in life
  • 5. 5 Principles of High Integrity Carbon Markets 1. Overall message • The ambitious climate goals can be advanced by supporting GHGs mitigation actions that generate high integrity carbon credits. • High integrity carbon credit markets need to be consistent with a pathway toward overall net‐zero emissions. • We acknowledge the vital contributions of organizations and initiatives advancing principles such as these to amplify environmental integrity in the creation and use of carbon credits, whether for voluntary or compliance purposes. • We will strive to promote these principles where appropriate in the development of carbon credit markets. 2. Components of the Principles The principles apply to strategies and standards guiding their supply, demand, and market infrastructure to improve credibility, transparency, and overall confidence in the markets. • Supply‐side integrity • Demand‐side integrity • Market integrity *Principles of High Integrity Carbon Markets: https://www.env.go.jp/content/000128283.pdf
  • 6. 6 Principles of High Integrity Carbon Markets 3. Summary of “Principles of High Integrity Carbon Markets” I. Supply‐side Integrity • A robust certification standard for activity design and MRV of emission reductions or removals: - Crediting levels: consistency with the 1.5℃ goal of the Paris Agreement and global net‐ zero emissions by 2050. - Underlying activities and condition: contribution to host country mitigation, avoidance of lock‐in of high emission pathways, mitigation strategies in place with an emphasis on direct mitigation action. - Alignment with international requirements: Article 6 rulebook, the CORSIA emissions units criteria and guidelines - Governance: robustness, transparency, public accountability, and long‐term administration. - Sustainable development: disclosure of objectives and resulting benefits. ‐ Safeguard: Appropriate measures are in place to address environmental and social impacts (including respect for human rights, gender equality, and the rights of Indigenous Peoples).
  • 7. 7 Principles of High Integrity Carbon Markets 3. Summary of “Principles of High Integrity Carbon Markets”(Cont.) II. Demand‐side Integrity • Prerequisites: alignment with the 1.5℃ goal and global net‐zero emissions by 2050, use for unavoidable emissions, science‐based strategies and targets in place with priority on direct mitigation action. • International mitigation purposes: for NDCs and other international mitigation purposes, use credits authorized according to the Article 6.2 rules. • Disclosure: publicly disclose the information (types, sources, and quantities) for public accountability and encourage investments in mitigation actions such as beyond the value chain.
  • 8. 8 Principles of High Integrity Carbon Markets 3. Summary of “Principles of High Integrity Carbon Markets”(Cont.) III. Market Integrity • Tracking credits: registries publicly track information necessary for compliance and voluntary carbon market integrity (market eligibility, the status of authorization and corresponding adjustments, and the purpose of use). • Disclosure beyond credit usage: scope 1‐3 emissions and associated targets, and strategies and annual progress for enhancing integrity and appropriate signaling between supply‐ and demand‐side participants. • Cooperation: reduction of market fragmentation and promotion of a uniform shift to high integrity.