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Carbon Pricing Award Recognises Commitment and Leadership

(Photo: BMU)

December 2015 - Germany has been presented with the Carbon Pricing Champion Award from the Climate Markets Investment Association (CMIA) and the International Emissions Trading Association (IETA). The issuance of this daily award at COP21 in Paris fittingly illustrated the role market-based mechanisms already play in global climate change effort.

The award recognises Germany’s leadership in introducing the EU Emissions Trading Scheme (ETS) in 2005 and its engagement regarding the scheme’s reform since 2013. Presentation of the award to Franzjosef Schafhausen, Director General of Climate Change Policy at the German Environment Ministry, highlights his role as Germany’s driving force behind both emissions trading in the EU and global carbon market mechanisms.   

Most recently, Germany has shown increasing commitment in the global carbon market. This largely involves Chancellor Angela Merkel’s prominent role in the launch of the Carbon Pricing Leadership Coalition (CPLC) and also in initiating the G7 Carbon Market Platform.