Register
Register

June

18
2021

10:00 am EDT - 11:00 am EDT

Past Event

Building climate cooperation: The critical role for international carbon price floors

Co-hosted by the Brookings Institution and the International Monetary Fund

  • Friday, June 18, 2021

    10:00 am - 11:00 am EDT

Online only


The Paris Agreement is galvanizing countries to pledge net zero greenhouse gas emissions targets for the middle of the 21st century, but countries also need to commit to reducing emissions ambitiously over the next decade. This requires rapidly scaling up international cooperation. A new IMF Staff Climate Note argues that an international carbon price floor (ICPF) agreement can enable greater near-term reductions by building confidence that all participating countries are undertaking comparable mitigation efforts. An ICPF could involve a small number of major emitting countries that all agree on a minimum carbon price that each would implement. The report describes how such an agreement can be pragmatic, equitable, and accommodate a range of carbon pricing approaches.

On Friday, June 18, the Center on Regulation and Markets at Brookings and the International Monetary Fund convened an event to discuss an ICPF’s rationale, policy design, potential emissions performance, and prospects for implementation.

Viewers submitted questions via email to [email protected] or via Twitter using #CarbonPrice. View the report here.

In Partnership With

International Monetary Fund
IMF logo
International Monetary Fund

Agenda

  • June 18
    • Introduction

      Stephanie Aaronson Headshot
      Stephanie Aaronson Senior Associate Director, Division of Research and Statistics - Federal Reserve Board
    • Keynote remarks

      Kristalina Georgieva
      Kristalina Georgieva Managing Director - International Monetary Fund
    • Paper presentation

      headshot of Ian Parry
      Ian Parry Principal Environmental Fiscal Policy Expert, Fiscal Affairs Department - International Monetary Fund
    • Panel discussion

      Moderator

      adele morris
      Adele Morris Former Senior Fellow - Economic Studies

      Panelist

      Joe Aldy
      Joseph Aldy Professor for the Practice of Public Policy - Harvard Kennedy School
      headshot of Ian Parry
      Ian Parry Principal Environmental Fiscal Policy Expert, Fiscal Affairs Department - International Monetary Fund