The Role of Offsets in Emissions Trading Systems
Best Practices and Lessons Learned
Pedro Martins Barata (EDF)Sergi Cuadrat (ALLCOT)Shelby Livingston (California Air Resources Board)Hugh Salway (Gold Standard)
After a turbulent decade for the carbon market, interest in offset credits has recently surged as a compliance option for emitters in carbon pricing systems. In this webinar session, the International Carbon Action Partnership (ICAP) presented its latest report “Offset Use Across Emissions Trading Systems”, followed by a discussion with an expert panel drawn from policy making, offset project origination, and an offset crediting standard. Questions discussed included the role that offsets can play in carbon pricing instruments, the benefits and risks of their use, policy solutions to maintain the integrity of the emissions trading system, and implications of offset use for the market for emission allowances.
Speakers and Discussants:
- Sergi Cuadrat, Vice President of Climate Action at ALLCOT
- Shelby Livingston, Manager of the Cap-and-Trade Offset Program at the California Air Resources Board
- Hugh Salway, Senior Director of Market Development and Partnerships at the Gold Standard Foundation