CAKE at EUI Climate Week 2024 in Florence

During 21-23 of May, Robert Jeszke, CEO of CAKE, participated in the discussion titled “State-of-play in international carbon markets 2024,” organized by the European University Institute, Florence School of Regulation, and School of Transnational Governance in Florence. This event was a key part of the EUI Climate Week 2024 in Florence.

Participants in this discussion explored recent trends in regulated carbon markets and their connections to voluntary carbon markets. In recent years, carbon taxes and Emissions Trading Systems (ETSs) have grown worldwide, but integration has been slow due to differences in design, sectoral coverage, and monitoring methods. Connections with Voluntary Carbon Markets (VCMs) have stalled over concerns about credit quality and verification. Recent findings highlighted challenges in achieving integration and consistent market regulation.

This session provided a crucial platform for exchanging insights on the progress and challenges faced in integrating emissions trading systems globally. The dialogue aimed to foster international cooperation on carbon market policies and examine how these markets can be more effectively aligned and regulated to achieve net-zero goals. This panel represented the first part of the annual NetZero Carbon Market Policy Dialogue organized under the framework of the LIFECOASE project.