Promoting Carbon Markets in Latin America and the Caribbean

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1 Promoting Carbon Markets in Latin America and the Caribbean High Level Regional Dialogue on Carbon Pricing and MRV in the Americas January 22-24, 2018 ECLAC, Santiago, Chile In view of the December 12, 2017, Paris Declaration on Carbon Pricing in the Americas adhered to by national and subnational governments of the Americas 1, the Ministry of the Environment of Chile, with the support of the UN Economic Commission for Latin America & the Caribbean (ECLAC), the Government of Canada, the World Bank Group, IETA, GIZ and the Carbon Pricing Leadership Coalition (CPLC) is hosting a series of events on Carbon Pricing and Monitoring, Reporting and Verification (MRV) systems on January 22-24, 2018, in Santiago, Chile. The events will include a High Level policy dialogue (22nd January) and two technical workshops (on 23rd and 24 th ). The Ministry of the Environment and the CPLC will also be hosting the first meeting of the Platform of Carbon Pricing in the Americas with the participation of national and subnational jurisdictions (January 23). Also, the Ministry of the Environment will be hosting the first a meeting of the Pacific Alliance MRV Working Group (January 24). These events will bring together public authorities and experts from public and private sectors, from the Americas as well as international experts from California, Canada and Europe, to discuss carbon-pricing and the development of carbon markets in the region. We invite you to join the three day technical meetings on January 22-24, Please see below for more information and preliminary Agendas. High Level Event and Technical Workshops Date: January 22-24, 2018 Location: ECLAC, Av. Dag Hammarskjöld 3477, Vitacura, Santiago, Chile Meeting Objective: This event will facilitate a dialogue between the national and sub national governments of the Americas and other experts on carbon-pricing. Organizers: The Government of Chile in coordination with Government of Canada, UN Economic Commission for Latin America & the Caribbean (ECLAC), the World Bank Group s Partnership for Market Readiness (PMR) and Carbon Pricing Leadership Coalition (CPLC), International Emissions Trading Association (IETA), GIZ. Context: National and subnational jurisdictions across the Americas are committed to climate mitigation by introducing market mechanism and specifically carbon-pricing. On March 30th 2016, the Pacific Alliance Ministers of Environment signed a Declaration calling for the creation of a Green Growth platform. This declaration was the basis of the creation of the Pacific Alliance Environment and Green Growth Group (PAEGGG), in July 2016, a working group within the Alliance to coordinate initiatives on green growth, climate change and 1 Canada, Colombia, Costa Rica, Chile and Mexico; California, Washington; Alberta, British Columbia, Nova Scotia, Ontario and Quebec.

2 sustainable consumption and production within the region. In June 2016, in Cali, Colombia, the Pacific Alliance Presidents made an explicit commitment to promote a green growth strategy to face the challenges of climate change, as well as moving towards a voluntary carbon market for the region including a common system to monitor, report and verify (MRV) emission reductions. Specifically, the Cali Declaration asserts the leaders conviction to pursue a green growth strategy as the only avenue to face the challenges of climate change that especially affects the region. On the occasion of the One Planet Summit (December 12, 2017), government leaders of Canada, Chile, Colombia, Costa Rica, México, the Governors of California and Washington, and the Premiers of Alberta, British Columbia, Nova Scotia, Ontario and Quebec launched the Carbon Pricing in the Americas cooperative framework. These statements and actions have committed leaders from across the continent to introduce their shared vision of regional cooperation on carbon pricing in the Americas and commit to collaborate towards strengthening systems for measurement, reporting, and verification (MRV) of greenhouse gas emissions with the ultimate goal of setting the necessary foundations to link their carbon markets. Going forward, the commitment to establish a working group, Carbon Pricing in the Americas (CPA) will serve as a platform for cooperation among jurisdictions and, with support from varied stakeholders including, businesses, financial institutions, nongovernmental organizations, and civil society will aim to identify opportunities to increase alignment of carbon pricing systems and promote carbon markets that build on already successfully implemented initiatives, such as the Partnership for Market Readiness (PMR), among others. -- The events organized in Santiago will be the first formal meetings to discuss specific actions on carbon-pricing in the context of the Carbon Pricing of the Americas Collaborative Platform.

3 Time DAY 1: High-Level Dialogue on MRV and Carbon Pricing in the Americas , Monday, January 22, ECLAC, Santiago, Chile Agenda Item & Description Arrival & Registration Welcome & Ministerial Remarks Jorge Canals. Vice-Minister of the Environment, Chile; Jose Luis Samaniego, Director División de Desarrollo Sostenible y Asentamientos Humanos, ECLAC; James Close, Director, Climate Change, World Bank; Patricia Peña, Canadian Ambassador Taking Stock: Experience and Challenges of Implementing Carbon Pricing in the Americas Taking stock: Carbon-Pricing in subnational jurisdictions Moderator: Jose Luis Samaniego, Director División de Desarrollo Sostenible y Asentamientos Humanos, ECLAC Kate Rich, Environment Canada. Rajinder Sahota, Assistant Division Chief. Industrial Strategies Division. California Government Alex Wood, Assistant Deputy Minister, Ontario Ministry of Environment and Climate Change (TBC) Jean-Yves Benoit, Cap and Trade Lead, MDDELCC. Quebec (TBC) Coffee Break Taking stock: Carbon-Pricing in national jurisdictions Moderator: Marcos Castro, PMR Secretariat. Rodrigo Pizarro, Head Infor. And Environmental Economics. Ministry of Environment, Chile Mariana Rojas. Dir. Of Climate Change. Ministry of Environment and Sustainable Development, Colombia Juan Carlos Arredondo, Director General for Climate Change Policies SEMARNAT, Mexico Easwaran Narrasimhan, Tufts University. (TBC) Considerations in advancing the carbon pricing agenda: perspectives from private sector Moderator Angela Nanue Churie, CPLC Secretariat Dirk Forrister, President & CEO, IETA CEO Energy Sector, Chile (TBC) Marina Grossi, Brazil (TBC) Eduardo Piquero, Director Mexico Carbon Platform (MEXICO2), Stock Exchange. Mexico Lunch Implementing Carbon Pricing Instruments in the Americas Carbon Pricing: Technical Implementation and Challenges Moderator: Juan Pedro Searle, Ministry of Energy, Chile Miguel Rescalvo, Network Carbon Markets Initiative Neydi Cruz, SEMARNAT, Mexico. Fernando Farías, Head Climate Change Division, Min. of Environment, Chile Jurgen Landgrabe, German Emissions Authority, Germany (TBC) Coffee Break High Level Panel Moderator: Alicia Bárcena, ECLAC; Jose Luis Samaniego, ECLAC. Marcelo Mena. Minister of the Environment, Chile. Andrés Rebolledo, Minister of Energy, Chile Carlos B. Gentile Under Secretary of Climate Change and Sustainable Development, Argentina Neeraj Prasad, Manager, Carbon Markets & Innovation, World Bank. Martin Lajoie, Environment Canada Conclusions & Closing Remarks: James Close, Director, Climate Change, World Bank, Marcelo Mena, Minister of the Environment COCKTAIL RECEPTION

4 DAY 2: Technical Dialogue DAY 2: Technical Dialogue on MRV and Carbon Pricing in the Americas o , Tuesday, January 23, ECLAC, Santiago, Chile Time Agenda Item & Description Arrival & Registration Welcome Remarks: Day 1 Highlights & Day 2 Overview Cristián Franz, Superintendente del Medio Ambiente. Jose Luis Samaniego, ECLAC. Dirk Forrester, IETA Technical Dialogue: What is MRV? Why MRV & Collaboration Matters for Regional Green Growth Carbon Markets, Bilateral agreements, and MRV Moderator: Carlos de Miguel, ECLAC Felipe de León, Ministry of Environment and Energy, Costa Rica Representante Perú, Ministry of Environment of Peru. Gajanana Hegde, Director of the Sustainable Development Mechanisms program, United Nations Climate Change Secretariat Franck Portalupi, ITMO s in practice, experience in the Americas Climate Change. Environment Canada Coffee Break MRV Landscape & Linkage Building Blocks Market Linkage & Compatibility Building Blocks: MRV, Registries and Practical Experience Moderator: Rodrigo Pizarro, Head Infor. And Environmental Economics. Ministry of Environment of Chile Soffia Alarcon-Díaz Carbon Trust. Alexander Handke, International and Bilateral Cooperation, BMUB; Germany. The experience of EU. Agustín Matteri, UNEP. Centro Excelencia MRV UNEP ROLAC Tom Baumann ClimateCHECK Measuring & Reporting Emissions and Offsets Moderator: Katie Sullivan Sebastián Carranza, Ministry of Environment and Sustainable Development, Colombia Juan Pablo Rodríguez - SMA Report, Measurement and Verification Chile. Superintendence of the Environment, Chile Juliana Lopes, The role of corporate carbon management to set a MRV culture. Carbon Disclosure Project. Alastair Handley, President and CEO, Climate Smart Group Neeraj Prasad, Manager, Carbon Markets & Innovation, World Bank Marcelo Mena-Minister of the Environment Lunch Working Group Meeting on Carbon Pricing Platform of the Americas Convened by Canada, Chile, México and the Carbon Pricing Leadership Coalition (CPLC) Closing Remarks Technical Session Environmental Fiscal Reform. Side Event Organized by ECLAC

5 no Workshop on Strengthening MRV Using Digital Innovations and Discussion on Next Steps for Cooperation on Enhancing MRV Systems Limited space requires special registration. Information and registration Katie Sullivan at ORGANIZED BY: , Wednesday, January 24, Hotel Atton, Vitacura 3201 Avenue, Santiago, Chile Time Agenda Item & Description Arrival & Registration Welcome Remarks: Overview of Days 1-2 & Day 3 Canada / IETA Workshop Objectives Patricia Pena, Canadian Ambassador to Chile Carlos Piña, Head of International Office, Ministry of Environment, Chile Dirk Forrister, President & CEO, IETA Enhancing MRV Systems Facilitation: Dirk Forrister, President & CEO, IETA MRV Highlights from Day 2: Miguel Rescalvo, World Bank (TBD) MRV Highlights & Opportunities in Chile: Rodrigo Pizarro, Head of Environmental Information & Economics Division, Chile Approach for Enhancing MRV System: Tom Baumann, ClimateCHECK Participant Dialogue on Key Issues for Enhancing MRV (Facilitated by IETA and ClimateCHECK) Digital Solutions & Distributed Ledger Technology for Climate Change Facilitation: Katie Sullivan, Managing Director, IETA Blockchain Experience in the Pacific Alliance and Internationally: o Sven Braden, Climate Ledger Initiative o Sebastian Romero, Mexico o Gaj Hedge, Director, Sustainable Development Mechanisms, UNFCCC Overview of Blockchain and Digital Solutions for Climate and Sustainability Tom Baumann, ClimateCHECK Participant Dialogue on Key Issues for Digital Innovations in support of MRV (Facilitated by IETA and ClimateCHECK) Coffee Break Governance Innovations Facilitation: Amanda McKay, Environment Canada and Climate Change Governance Issues and Innovations: Scott Muller, International MRV Expert Next Generation MRV Smart Standards: Tom Baumann, ClimateCHECK Participant Dialogue on Key Issues for Governance Innovation in support of MRV (Facilitated by IETA and ClimateCHECK) In-Depth Project Overview & Next Steps

6 14.00 Overview of Project Activities and Online Platform for Stakeholder Engagement Tom Baumann, ClimateCHECK :00 Participant Dialogue on Project Activities (Facilitated by IETA and ClimateCHECK) Workshop Wrap, Action Items and Next Steps Brief Overview of Post-Lunch MRV Technical Group Meeting: Format, Objectives, Participation etc. Lunch Meeting of the Pacific Alliance MRV Technical Group Convened by Chile (coordinator of PA Green Growth Working Group), with PMR Support Session 01: Enhancing MRV Systems in the Pacific Alliance Session 02: Collaboration in MRV and carbon markets between the Pacific Alliance and the Americas

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