IETA welcomes the North American Leaders’ Summit (NALS) statement by the US, Canada and Mexico on energy and climate commitments.
We welcome in particular the reaffirmation of the countries’ intent to join the Paris Agreement this year, which will give a strong boost to early entry into force of the new climate deal.
The undertaking to implement the respective Nationally Determined Contributions is a key step towards achieving Paris’ goal of net zero emissions by the second half of the century.
IETA also welcomes the countries’ commitment to using carbon markets where applicable to help achieve those goals.
“Carbon markets have been shown to be the most efficient way to achieve carbon reductions at lowest cost, to generate investment in clean energy and to embed low-carbon strategy at corporate level,” said Katie Sullivan, head of North America at IETA.
IETA warmly applauds the leaders’ undertaking to support the development by the International Civil Aviation Organisation of a global market-based measure to combat emissions from aviation. In particular, we applaud their commitment to joining the first phase of the sector’s global offsetting mechanism.
“Cross-border commitments such as this will also provide support for deeper, broader and stronger international climate efforts,” Sullivan added.
The three countries have also agreed to tackle methane emissions, a powerful greenhouse gas, from the oil and gas sectors, by 40-45% by 2025, as well as achieve 50% non-emitting power generation with improvements to transmission links across North America.
Other elements of today’s North American, Clean Energy and Environment Partnership Action Plan include:
- Sharing lessons and best practices to improve carbon emissions accounting and to avoid double-counting of reductions;
- Encouraging subnational governments to share their experiences of carbon pricing;
- Supporting international partners with development assistance and financing to boost efforts to combat climate change;
- Promoting transparency in reporting and verification of emissions reductions; and
- Share best practices and technical solutions to improve effectiveness, including for land sector and carbon-market-related approaches.
For more information, see the Leaders' Statement from the Prime Minister of Canada's Office, or visit the Government of Canada's NALS website.
Contact: Katie Sullivan, firstname.lastname@example.org