How to boost global carbon market cooperation under the Paris Agreement

Nordic governments and companies have an excellent opportunity to take a leadership role in fostering a new generation of carbon market cooperation.

How can we collaborate to support the robust implementation of the Article 6 and accelerate ambitious climate action?

To increase understanding of these opportunities, our high-profile seminar on 12 October 2022 will provide insight on how Nordic approaches for the implementation of the Paris Agreement Article 6 can boost global carbon market cooperation and contribute to both national and corporate climate actions.

See the seminar programme for more information. You are welcome to follow it online, register for the live stream here.

What is it about?

One of the key outcomes of the COP26 climate summit in Glasgow in autumn 2021 was the agreement on the next generation carbon market cooperation. The prompt start of the Article 6 could energize international carbon markets and become a powerful tool to drive climate ambition and support sustainable development by channelling resources to mitigation that would not happen without cooperation. This would enable effective and significant emission reductions particularly in developing countries.

Furthermore, Article 6 is expected to have notable impacts on climate neutrality roadmaps, cost-effectiveness of climate policies, and can complement both national and corporate climate actions. Despite the great need and potential for international cooperation, there is, however, limited awareness of the opportunities offered by market-based cooperation as defined in the Paris Agreement. The seminar will particularly focus on the potential that the Article 6 can create while incorporating Nordic priorities in collaboration.

Read more about how to raise ambition and involvement of the private sector in a background note about Article 6 cooperation.

For whom?

The seminar is particularly useful for actors that are involved in climate action and carbon market cooperation, including public and private sector and NGOs.

Seminar programme

Part 1: 12:00-14:40 Where are we right now? (Helsinki time, UTC +3)

12:00 Welcoming words by Trond Moe, Managing Director, Nefco
12:05 Opening words by Pekka Haavisto, Foreign Minister of Finland
12:30 Future perspectives of the carbon markets by Ash Sharma, Vice President, Nefco

12:45 Concrete examples of ongoing pilot activities under the Paris Agreement:

  • The Nordic vision for carbon market development by Hanna-Mari Ahonen, Senior Consultant, Perspectives Climate Group
  • Case: Switzerland by Mischa Classen, Director Carbon Procurement, KliK Foundation
  • Case: Sweden by Sandra Lindström, Head of International Climate Cooperation, Swedish Energy Agency
  • Case: Gold Standard by Owen Hewlett, Chief Technical Officer

14:00  Keynote by Dirk Forrister, President and CEO, International Emissions Trading Association

Moderated by Ash Sharma, Vice President, Nefco

The event includes an afternoon programme for invited guests, where linkages between Finnish climate policy and carbon markets under the Paris Agreement and future opportunities will be discussed.

Part 2: 15:00-16:00 Situation in Finland (in Finnish) [by invitation only]

15:00 Panel discussion: Finnish experiences on carbon markets, Article 6 and future opportunities

  • Tuomo Kalliokoski, Ministerial Adviser, Ministry of the Environment
  • Bernt Nordman, Climate Policy Officer, WWF Finland
  • Kati Kulovesi, Professor, University of Eastern Finland

16:00-16:15 Closing words

Moderated by Pasi Rinne, Gaia Consulting

The event is organised by Nefco and Gaia.

Registration

The seminar will take place on 12 October from 12:00 to 14:40 and can be followed online. Register for the live stream here before 7 October. The stream link will be shared closer to the seminar.

Speakers

Trond Moe, Managing Director, Nefco

Trond Moe, Managing Director at Nefco since 2019, is a senior business executive with more than 20 years of experience in Eastern Europe and Central Asia as multiple roles as CFO and Country Manager. He has led various projects with a focus on financing and the roll-out of telecom infrastructure in challenging markets.

Pekka Haavisto, Foreign Minister of Finland

Pekka Haavisto, Minister for Foreign Affairs, Finland since 2019 and a politician with more than 35 years of experience. Haavisto has also been Minister for International Development 2013-2014 and Minister of Development and the Environment 1195-1990. Member of the Parliament between 1987-1995 and from 2007 to present. He was the Party Leader of the Greens in Finland in 1993–1995 and 2018–2019 and Chair of European Green Party 2000–2006.

Ash Sharma, Vice President, Nefco

Ash Sharma, Vice President of Special Funds at Nefco, is a climate, environmental finance, policy and investment specialist with over 30 years of experience in over 60 countries, with a current focus on Africa

Hanna-Mari Ahonen, Senior Consultant, Perspectives Climate Group

Hanna-Mari Ahonen, Senior Consultant at Perspectives Climate Group, has a long experience working with international carbon markets and climate policy. Currently Ahonen is managing the Nordic Dialogue on Voluntary Compensation, which brings Nordic stakeholders together to co-create a Nordic best practice approach to voluntary compensation of greenhouse gas emissions.

Mischa Classen, Director Carbon Procurement, KliK Foundation

Mischa Classen is the Director of carbon procurement with the KliK Foundation in Switzerland, where he is developing a programme to contract activities under Article 6. follow With more than 15 years of experience in the carbon accounting schemes, he has assessed and managed regulatory risks of carbon project portfolios and advised various governments and organizations to improving regulatory processes.

Sandra Lindström, Head of International Climate Cooperation, Swedish Energy Agency

Sandra Lindström is Head of International Climate Cooperation at the Swedish Energy Agency with seventeen years of experience in carbon markets and international climate policy. She currently leads the Swedish Energy Agency’s work on developing new international climate finance programs. Previously, Sandra worked at the World Bank and Asian Development Bank where she supported the coordination and development of global partnerships for climate mitigation including Prototype Carbon Fund, BioCarbon Fund and Asia Pacific Carbon Fund.

Owen Hewlett, Chief Technical Officer, Gold Standard Foundation

Owen Hewlett, Chief Technical Officer at the Gold Standard Foundation, is responsible for the organisations standards and assurance work as well as its policy, innovation and R&D. Hewlett’s expertise is in the interlinkages between organisational and country level strategies, regulation and market and non-market mechanisms.

Dirk Forrister, President and CEO, International Emissions Trading Association

Dirk Forrister is the President and CEO at the International Emissions Trading Association (IETA), a non-profit business association dedicated to market-based climate policies. Forrister has long history of public and private sector engagement in energy and environmental policy. He was Managing Director at Natsource LLC, Chairman of the White House Climate Change Task Force in the Clinton Administration and Assistant U.S. Secretary of Energy for Congressional and Public Affairs.

Tuomo Kalliokoski, Ministerial Adviser, Ministry of the Environment

Tuomo Kalliokoski is Ministerial Adviser in Climate Change Unit of Ministry of the Environment Finland. He represents Finland in discussions of Article 6 in UNFCCC climate negotiations and is a member of EU carbon market mechanism team. Dr., Adjunct Professor Kalliokoski has extensive experience specifically on questions related climate mitigation on land use sector.

Bernt Nordman, Climate Policy Officer, WWF Finland

Bernt Nordman is Head of the Climate program of WWF Finland. Before joining WWF in January 2021, he was the Director of the Finnish Society for Nature and Environment for 20 years. He has a Masters Degree from the University of Helsinki. Bernt Nordman is a senior expert in environmental policy on national and EU-level. During his long career in the NGO-movement he has been engaged in advocacy work in many different areas, such forest biodiversity, chemicals, energy and climate policy.

Kati Kulovesi, Professor, University of Eastern Finland

Kati Kulovesi is Professor of International Law and Co-Director of the Centre for Climate Change, Energy and Environmental Law at the Law School of the University of Eastern Finland.She holds LLM and PhD degrees from the London School of Economics and Political Science. Her current research focuses on climate change law, including its theoretical and interdisciplinary aspects, and she is the Principal Investigator in the ClimaSlow ERC project.

Further reading