Sweden’s conference on International Climate Cooperation 4 September 2023

Panel with moderator Fredrik Moberg, Robert Andrén (Energimyndigheten), Åsa Persson (Klimatpolitiska rådet) and Stefan Nyström (Naturvårdsverket)

During the conference, Swedish and international experts and speakers from different parts of the climate policy system contributed to interesting panel discussions on how to implement emissions trading under the Paris Agreement in the best way.

– It was a successful day with good discussions on the opportunities, challenges and risks of international climate cooperation. It will be valuable input for our continued work developing partnerships with other countries”, said Sandra Lindström, Head of International Climate Cooperation at the Swedish Energy Agency.

The conference offered important lessons and insights

During the day, experts discussed how emissions trading under the Paris Agreement works both in theory and in practice. Among other things, the participants got to hear about the first projects currently under implementation as well as listen to discussions about how double counting should be avoided. Other topics that were covered were the role of companies, the importance of emissions trading being carried out in the right way, and the opportunities and challenges that international emissions trading entails.

The most important messages from the day were that emissions trading between countries should lead to reduced global emissions and higher ambitions. Projects should be carried out in a cost-effective, transparent, and credible manner. The climate measures must be additional and inclusive, as well as promote other sustainable development goals beyond reduced emissions. To achieve all this, investments in capacity-building and new climate-smart innovations are required.