 On October 29, 2007, leaders of more than 15
governments met in Lisbon, Portugal to launch the establishment
of the International Carbon Action Partnership (ICAP). ICAP
is made up of countries and regions that have implemented or
are actively pursuing the implementation of carbon markets
through mandatory cap and trade systems. The partnership provides
a forum to share experiences and knowledge. Sharing and evaluating
best practices will help ICAP members determine the extent
to which their respective programs can be supported by, and
or benefit from, the ICAP process.
Climate
change is a global problem that requires global solutions.
ICAP was formed to contribute to the establishment of a well-functioning
global cap and trade carbon market. ICAP provides the opportunity
for member countries and regions to share best practices and
learn from each other’s experiences. Linking current
and emerging carbon markets at a global level establishes a
level playing field for covered sectors and a consistent regulatory
framework across national borders. Through this sharing, ICAP
enhances the design of other market-based schemes by ensuring
compatibility of design issues at an early stage. As a result,
ICAP provides a forum to ensure capability of existing and
emerging programs and enhances the promise for development
of future linked carbon markets.
ICAP is an open forum comprised
of public authorities and governments that have established
or are actively pursuing carbon markets through mandatory cap
and trade systems. Membership is open to all public authorities
and governments that have established or are actively pursuing
carbon markets through mandatory cap and trade systems as one
approach for reducing greenhouse gas emissions. ICAP also welcomes
observers from other states around the world which are considering
introducing cap and trade systems for tackling greenhouse gas
emissions. Business and environmental stakeholders have key
roles to play as we move forward with ICAP. ICAP intends to
establish processes to formally engage all interested stakeholders.
|
