The design and creation of the carbon market are at the center of debates on climate change. With Brazil's growing leadership in international dialogues, the International Meeting on Carbon Pricing. This is the fourth event in the thematic series 'Sustainable Future Dialogues', which was born from the partnership between the German Embassy in Brazil and the Climate and Society Institute (iCS). The initiative is a joint effort by the Brazilian Business Council for Sustainable Development (CEBDS), the Carbon Pricing Leadership Coalition (CPLC) and the European Commission, and is part of the Climate Diplomacy Week 2018. CDP, an organization that operates a global disclosure system for investors, companies and governments to manage their environmental impacts, will also participate and support the event.
The seminar was structured so that high-level business leaders from different sectors, government, civil society organizations and academics can discuss the challenges, opportunities and costs of carbon pricing strategies. It will be divided into three thematic panels: I) international experiences on carbon pricing; II) experiences in Brazil; and III) perspectives of the private sector in Brazil. The event will present some international experiences on pricing and will engage in dialogue with national stakeholders to better understand the current state and possibilities for developing the agenda in Brazil. Among the participants will be Venkata Putti, Program Manager of the Climate and Carbon Finance Unit of the World Bank. [
Marina Grossi, representative of the Brazilian business sector most active in international events on the agenda of the low-carbon economy, and member of the Steering Committee of Carbon Pricing Leadership Coalition (CPLC), a World Bank organization, reaffirms the importance of Brazil establishing itself as a player in this debate and in building solutions.
– In the absence of economic instruments, the environmental and socioeconomic costs associated with greenhouse gas (GHG) emissions are not captured by the market. With carbon pricing, a financial incentive is created for companies and consumers to reduce their emissions and for mitigation to follow the path of lowest aggregate cost for the economy. Our idea is for the old economy to be the financing agent for the new economy that prioritizes low carbon – explains the president of CEBDS.
For the coordinator of the Low Carbon Economy portfolio at iCS, Gustavo Pinheiro, the recent crisis generated by the price of fossil fuels demonstrates the country's vulnerability to international oil prices and the exchange rate, and the need to expand the use of renewable energy sources.
– Prices have the power to affect behaviors in a systemic way. Carbon pricing can influence the choices of consumers and producers throughout the economy – he concludes.
International Meeting on Carbon Pricing
Date: June 19, 2018
Time: 8:30am to 5:30pm
Local: Rooftop 5 & Convention Center (Aché Cultural Complex)
More information: https://www.dialogosfuturosustentavel.org/
Vacancies sold out. Watch the live broadcast on the Instituto Clima e Sociedade channel at YouTube.
