international carbon action partnership (icap): update california climate initiative dialogue group...

International Carbon Action Partnership (ICAP):

Update

California Climate InitiativeDialogue Group

March 3, 2008


Update on ICAP Membership

International Members:– EU members: European Commission, France, Germany,

Greece, Ireland, Italy, Netherlands, Portugal, Spain, and UK.– WCI members: California, Arizona, Oregon, Washington, New

Mexico, Manitoba, and British Columbia – RGGI members: Maine, Maryland, Massachusetts, New Jersey

and New York– New Zealand and Norway

Observers:– Open door policy for public authorities/governments considering

introducing cap & trade systems as one of the strategies to reduce emissions.


Member Commitments

– Mandatory cap on GHG emissions.– Cap and trade being pursued as one of the strategies

to reduce emissions.– It is understood by all the members that other

mechanisms will also be needed.– Desire to link efforts to command the greatest

environmental benefit at least cost.


ICAP Goals

Opportunity to share best practices and learn from each others’ experiences.

Enhance the design of carbon markets to achieve maximum reductions.

Design and collaboration can prevent leakage. Ensure that design compatibility issues are

recognized at an early stage.


Update on Governance

Partners have recently reached consensus on the structure and members of the Steering Committee of 2008-09

A total of 11 seats distributed among the regions: 5x North America (RGGI,WCI), 5x Europe (EU ETS, including NOR) and 1x Oceania (NZL ETS).

For maximum of 2 years. The seats to rotate within the regions.


Steering Committee

The five seats for Europe shall be distributed as follows:– One permanent seat for the EU Commission,– two seats for bigger EU-MS,– two seats for smaller EU-MS including NOR which is not part of

the EU but already linked to the EU-ETS. The five seats for North America shall be distributed as

follows: – 3 seats for WCI,– 2 seats for RGGI with an option to provide a seat to the Midwest

States if they would join within the next two years. The 11th seat shall be taken by NZL for Oceania with the

option to rotate with Australia if they would join within the next two years.


Steering Committee

Region 1/2008 2/2008 1/2009 2/2009Europe (EU-ETS), permanent member - EU 1 EU-Commission EU-Commission EU-

Commission EU-CommissionEurope (EU-ETS) bigger EU-MS - EU 2 Germany UK /GER Spain SpainEurope (EU-ETS) bigger EU-MS - EU 3 United Kingdom France France xEurope (EU-ETS) smaller MS + NOR – EU4 Norway Norway x xEurope (EU-ETS) smaller MS + NOR - EU 5 Portugal The Netherlands The Netherlands

xNorth America – NA 1 (RGGI 1) New Jersey New Jersey New Jersey New JerseyNorth America - NA 2 (RGGI 2) New York New York New York New YorkNorth America – NA 3 (WCI 1) British Columbia British Columbia British Columbia

British ColumbiaNorth America – NA 4 (WCI 2) California California California CaliforniaNorth America – NA 5 (WCI 3) Oregon Oregon Oregon OregonOceania (NZL-ETS) – OC 1 (NZL 1) New Zealand New Zealand New Zealand New

Zealand The structure will need to be flexible and reviewed at least every 2 years.


Appointments

Chair of SC: California The first meeting of the SC will take place in

early March. Appointed Project Manager: Martin Bergfelder of

Germany (funded by Germany) Appointed Conference Organizer: Chris Dekkers

of Netherlands (funded by Netherlands)


The 1st Conference of ICAP: Global Carbon Market Forum

In Brussels on May 19 and 20, 2008 hosted by the EC Focus: Monitoring, Reporting, Verification,

Compliance and Enforcement Identify the experiences in monitoring, reporting,

verification, compliance and enforcement in emissions trading systems in North America,Europe and in other parts of the world

Explore issues relating to linking carbon trading systems and assess potential solutions to overcome linking barriers.

Open to all stakeholders


Meeting in NY


California ICAP Contact

Margret J. Kim, ARB/CalEPA – Darren Bouton, Gov Office– Eileen Tutt, CalEPA

Link: www.icapcarbonaction.com

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