Question

To ask the President of COP26, what steps he taking to reach an international agreement on carbon pricing.

At COP26, the UK Presidency secured an agreement on the rules, guidance and procedures to implement Article 6 of the Paris Agreement, which gives guidance on how countries may choose to cooperate and use carbon markets to help achieve their climate objectives. Other carbon pricing mechanisms, such as carbon taxes, or carbon border adjustment mechanisms were not an agenda item at COP26.

This year the UK launched its own emissions trading scheme (ETS) and will be exploring opportunities for international cooperation. This could include the possibility of linking the UK ETS to similar systems in other countries.