EU and New Zealand to strengthen cooperation on emissions trading systems

At the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change in Katowice, European Climate Action and Energy Commissioner Miguel Arias Cañete and New Zealand Climate Change Minister James Shaw agreed to strengthen their bilateral cooperation on emissions trading systems.

Commissioner Arias Cañete and Minister Shaw issued the following announcement:

"Building on our 10 plus years of experience with emissions trading systems and our shared commitment to environmental integrity in those markets, we agreed today to step up our cooperation, intensifying exchanges on this key climate policy tool to deliver on the Paris goals.

The EU and New Zealand will hold regular technical and policy meetings to discuss the key design features and implementation of our emissions trading systems, respective developments, and possible implementation challenges, with a view to exploring options towards enhanced cooperation between the two systems."