The Future of International Carbon Markets in the Paris Agreement

Randall Spalding-Fecher

Monday, April 8, 2019

12:30 pm – 1:45 pm

Fares Center Conference Room

The Fletcher School

The Paris Agreement fundamentally shifts the context for international cooperation on climate change, because almost all countries have made some form of mitigation commitment, unlike under the Kyoto Protocol. Article 6 of the Paris Agreement provides for two market-based instruments for cooperation on mitigation, but this is the only section of the “Paris Rulebook” where counties could not reach an agreement at the Katowice climate conference in 2018. To understand the prospects for a future international carbon market, we need to first understand the past. Were the Kyoto mechanisms a great success, or were they actually a failure, and on what basis can be answer this question? What would it take to create a successful carbon offset market under the Paris Agreement, avoiding the mistakes of the past but building on the positive experiences? Do we have the right elements in place and are there signs of positive action? This talk will explore these issues and more as we discuss what role that “offsets” could play in global climate action.

RSVP appreciated

A light lunch will be served. Please bring your own beverage.

Randall Spalding-Fecher has more than 20 years’ experience in energy and climate change analysis, following 3 ½ years of strategic management consulting experience. He has special expertise in GHG mitigation methodology and project development, result-based climate finance program development, and international rules on carbon markets. His experience includes leading the “Impact of CDM” research for the High Level Panel on the CDM Policy Dialogue, reviewing and consolidating more than 40 CDM baseline and monitoring methodologies, as well as serving as a consultant to the UNFCCC on additionality testing, technical guidelines for baseline methodologies, energy efficiency methodologies, and analysing requests for registration of CDM projects. His energy-climate-water nexus experience includes an analysis of the climate impacts on hydropower in Southern Africa. He develops carbon and climate finance progarms for multi-lateral development banks and international funds, has served as a policy advisor to governments on climate change and energy and has led capacity building programmes to support government, NGO’s and the private sector.

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