EPRI at the Paris COP21 Meeting
EPRI's Steven Rose and Richard Richels are participating at this year's United Nations Framework Convention on Climate Change (UNFCCC) twenty-first session of the Conference of the Parties (COP 21), being held from 30 November to 11 December 2015 in Paris. Three sessions showcase EPRI research and expertise on the social cost of carbon, market mechanisms, and international emissions trading markets. The sessions, with topic descriptions and speaker organizations, are given below.
The social cost of carbon (SCC) is a monetary estimate of the climate change damages to society from an additional unit of CO2 emissions. Despite their use in policy to value CO2 reductions, SCC estimates are difficult to interpret and evaluate. This session offers an in-depth look into the state of current modeling and understanding of potential damages, identifying issues and opportunities relevant to public discussion and future climate research and application.
The Paris negotiations and domestic policies set the stage for decisions where nations and states decide whether to link with other jurisdictions. This event explores the value and challenges of bilateral and multilateral market mechanisms with new analyses, perspectives, and lessons on implementation.
The Road from Paris: The Potential Value of International Emissions Trading Partnerships in Implementing Current and Future Pledges
Given the scope of the climate challenge, it is important to look beyond economic sectors, national borders, and the near-term to explore potential policy designs and identify measures that could reduce mitigation costs. In addition to considering potential emissions consequences of pledges, this session explores potential opportunities for international partnerships for emissions trading, characterizing those opportunities, and examining the implications and benefits for society.
For the latest information on COP 21 Paris2015 visit: http://unfccc.int/2860.php