Germany, Mexico, some US states and others pledge more cooperation on carbon trading

The governments of Germany, Mexico, South Korea, California and several other countries and sub-national entities have pledged to intensify their cooperation on developing international carbon emissions trading, the International Carbon Action Partnership (ICAP) has said in a press release. In a joint statement, the governing bodies send “a clear signal that cities, states and provinces around the world are ready and able to work with national governments to provide climate leadership,” the press release says. German environment minister Barbara Hendricks said with a reform of global Emissions Trading Systems (ETS), “carbon pricing looks set to fulfil its promise in cost-efficiently delivering ambitious emissions cuts for the post-Paris era.”

Find the joint statement in English here.

See the CLEW factsheet Understanding the EU’s ETS for background.