Global Carbon Pricing Challenge welcomes Sweden and the European Union
Ahead of COP28, Canada welcomed Sweden and the European Union as new Partners of the Global Carbon Pricing Challenge. These jurisdictions follow a growing list of members that have joined since COP27, including the Republic of Korea, Norway, Denmark, and the Côte d’Ivoire as Friends of the Challenge.
At COP28, during the side event “Driving Change: A Ministerial Event on the Global Carbon Pricing Challenge”, Minister Guilbeault convened new and existing members of the Challenge together to showcase their progress on the implementation of carbon pricing. Additionally, the event served as a forum for Ministers to share their experiences with carbon pricing systems and provided an opportunity to deepen collaboration to strengthen systems that are emerging globally. Minister Guilbeault and Ambassador Stewart also showcased the independent Secretariat of the Global Carbon Pricing Challenge and revealed the Challenge's new website that highlights how nations globally can raise the bar on their climate ambitions.
Since the Challenge was launched by Canada at COP26, it has attracted support from countries and organizations around the globe. Despite different perspectives and experiences, these carbon pricing Champions represent a united front in the fight against climate change and a shared determination to build a sustainable future.
Canada encourages more jurisdictions to step up and join the Challenge to help spur momentum to expand carbon pricing as a low-cost, effective way of reducing emissions and driving innovation.
Sweden’s Minister for Climate and the Environment, Romina Pourmokhtari, said:
“The Global Carbon Pricing Challenge has a collective goal of covering 60 percent of global emissions by 2030. It is an ambitious and important goal to reach the goal of the Paris Agreement. Pricing carbon through a tax or an emissions trading system, such as the European Union Emissions Trading System, is a cost-efficient way to reduce emissions. It creates a clear signal for the market, generates revenues which can be used to further support the climate transition, and strengthens the competitiveness for alternative solutions.”
Speakers gather at the Canadian Pavilion following the GCPC COP28 Ministerial Dialogue - December 2023
Contact
For further information, please contact the GCPC Communications Team: info@globalcarbonpricingchallenge.org