For the fourth consecutive year, high-level policymakers from some of the world’s foremost carbon markets gathered, virtually this time, to discuss and exchange experiences. The main topic was the impact of the Covid-19 crisis on their emissions trading systems.
The annual Carbon Market Workshop, organised by the European Commission, brings together policymakers from carbon markets worldwide – California, Canada, China, the European Union and New Zealand.
Whereas in other years a two-day physical meeting is organised, consisting of interactive panel discussions led by leading experts and academics, the exceptional situation demanded a more limited group and a more focused discussion.
Mauro Petriccione, Director-General for Climate Action at the European Commission, said: "I am very pleased to have met with my counterparts from all the main emission trading systems again. Even though the meeting was virtual, it has been a valuable exchange of views on the short- and the longer-term impacts of the Covid-19 crisis, which has affected all of our carbon markets. We also had a fruitful discussion on the recovery packages that the EU and all countries are about to set in motion, and the importance of them being in line with our climate ambitions.”
The main objectives of the Florence Process are to collect and disseminate empirical knowledge and information on the functioning of emissions trading systems (ETS) worldwide, establish a network bringing together ETS experts, and create a forum enabling interaction amongst policymakers and ETS experts.