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About ICAP
International Carbon Action Partnership (ICAP)
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.
ICAP Members Area
Ontario joins ICAP as a member
The Canadian province of Ontario has joined ICAP as its 29th member. John Gerretsen, Minister of the Environment, signed the ICAP declaration on 3 June 2009 .
In 2007, Ontario announced its Climate Change Action Plan for reducing greenhouse gases, of which cap and trade is an integral part. Ontario is a member of the Western Climate Initiative (WCI). For more information on Ontario efforts with regard to emissions trading, please visit Ontario's website
Tokyo Metropolitan Government joins ICAP as a member
The Tokyo Metropolitan Government (TMG) has joined ICAP as its 28th member. Governor Shintaro Ishihara signed ICAP's political declaration on 26 May 2009. TMG has been an observer to ICAP since May 2008.
In April 2009, TMG finalized the details of its emissions trading system, which will be introduced in April 2010.
For more information on TMG's emissions trading system, please visit TMG's website.
MRVCE Conference report released
The report of the first Global Carbon Market Forum on Monitoring, Reporting, Verification, Compliance and Enforcement (MRVCE) is now available.
The two day conference took place in Brussels on May 19-20, 2008 and aimed to explore relevant issues of linking different carbon trading systems. The report summarizes the presentations and discussions of each session followed by conclusions and recommendations of the conference.
ICAP Summer School 2009
From 27 July to 7 August 2009, the International Carbon Action Partnership will convene the first ICAP Summer School for emerging and developing countries in Berlin, Germany.
Addressed to 25 to 30 selected policy makers and stakeholders from the non-governmental, academic and private sectors, it will convey an in-depth understanding of emissions trading as an instrument to mitigate greenhouse gases, and build capacity on the technical design and implementation of carbon trading schemes.
Over the span of 14 days, participants will have ample networking opportunities with each other and with the teaching faculty, composed of experienced decision makers from the relevant administrative authorities in ICAP member states, as well as representatives from established educational and research institutions active in the area of emissions trading and climate policy. Use of modern communication technologies will help promote active discussion among participants beyond the duration of the Summer School.
Second Global Carbon Market Forum: Auctioning carbon allowances
The second Global Carbon Market Forum took place in Washington DC on November 14, 2008.
Under the title “Auctioning carbon allowances – towards robust auction design and implementation” about 130 participants discussed new developments and perspectives regarding the design and implementation of auction mechanisms for allocating carbon allowances.
First Global Carbon Market Forum: Monitoring, Reporting, Verification, Compliance and Enforcement (MRVCE)
The first Global Carbon Market Forum on Monitoring, Reporting, Verification, Compliance and Enforcement (MRVCE) took place in Brussels on May 19-20, 2008.
140 participants from around the world discussed the commonalities and shared experiences in monitoring, reporting, verification, compliance and enforcement in emission trading systems in North America, Europe and other parts of the world as the "Backbone of a Robust Carbon Market". The aim of the conference was to explore relevant issues of linking different carbon trading systems and to see how impediments to this linking could be removed.
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