Canada’s Global Carbon Pricing Challenge, launched by Prime Minister Trudeau at COP26, aims to expand the use of carbon pricing around the globe by strengthening existing systems and supporting emerging ones, toward a collective goal of tripling current coverage to 60 percent of global emissions by 2030. The Climate Club, an initiative proposed by Germany and adopted last year by the G7, aims to create an inclusive forum of states to support the rapid and ambitious implementation of the Paris Agreement and achieve climate neutrality.  

The Embassy of Canada, together with the Transatlantic Climate Brdige, hosted a high-level panel discussion to explore these mutually supportive initiatives, advocating for the expansion of carbon pricing as a vital step toward net zero by 2050. Canada’s Ambassador for Climate Change Catherine Stewart, State Secretary and Special Envoy for International Climate Action at the German Federal Foreign Office Jennifer Lee Morgan, Prof. Dr. Ottmar Edenhofer, Director and Chief Economist of Potsdam Institute for Climate Impact Research (PIK), and Birgit Schwenk, Director-General of Climate Action at the German Federal Ministry for Economic Affairs and Climate Action (BMWK) addressed such key themes as the role of carbon pricing and international cooperation in ensuring that climate protection, energy transition and the implementation of our Paris Agreement commitments are achieved in a socially just manner.  

The event was moderated by Stefano De Clara, Head of Secretariat, International Carbon Action Partnership (ICAP).