Subscribe to Brookings podcasts here or on Apple Podcasts, send comments emails to BCP@Brookings.edu, follow us and tweet us on @policypodcasts on Twitter. CH: In the ICAP link guide, we say we are talking about the entire lifecycle of the interconnection. Who do you want to get in touch with from the beginning? What qualities should your liaison partner have to satisfy you? The question of how to link, that is, the link between the negotiations, the possible form of connection between two legal orders, the question of how similar the constructions of the two ceilings and trade policy systems must be, and what criteria should be applied in this regard is probably the most important thing that must be a jurisdiction. That the ambitious level of its partner is sufficient to ensure the maintenance of the environmental integrity of the whole system and that the combined emissions trading system actually results in a reduction in emissions. Michael, I`m sure you need to add a lot of points. December 5, 2016 Gore has warned for decades of the terrible consequences of man-made uncontrolled climate change, while Donald Trump has regularly called climate change a “hoax” during his presidential campaign. MM: At COP24, as many will have heard, the big topic on the agenda is to adopt the Paris rules. It is essentially a set of rules, modalities, procedures, advice, etc. A series of documents and decisions that will help countries implement the Paris Agreement adopted in 2015. For those who do not know, the Paris Agreement is literally architecture, the framework of international climate cooperation within the framework of the United Nations.
One of the items on the agenda is about carbon markets and, therefore, indirectly, the link. It is a provision of the Paris Agreement, Article 6 – for those who want to be very specific – which provides for the possibility or option for countries to cooperate voluntarily across borders by transferring mitigation results. For those familiar with carbon markets, they know that this is essentially the principle of the Emissions Trading System, because it allows one jurisdiction to deliver on its climate promises with mitigation results, say with mitigation efforts in another jurisdiction.