Support of the Bilateral Cooperation with Latin American Countries
Emissions trading systems are one of the most effective and cost-effective options to meet agreed climate change targets. Many countries in Latin America, including Brazil, Mexico, and Chile, are currently trying to implement such market-based instruments. In order to promote emissions trading systems as well as a continuously growing network of emission trading schemes in these newly industrialized countries, Ecologic Institute will initiate contact between employees of the German Federal Ministry of Environment and Latin American stakeholders dealing with emissions trading and its possible implementation.
This cooperation can provide basic knowledge about the operation of carbon markets and build the networks that are necessary for later coordination.
The core part of the project is therefore the strengthening of the exchange about emission trading between German and Latin American stakeholders. As a first step, a background paper on the current state of the consideration and preparation in terms of emissions trading in Latin America will be created. It will describe the state of preparation for future emissions trading systems and will help to decide whether it already makes sense to travel to these countries to establish contacts, and, if so, to select the relevant destination countries. This project focuses on Argentina, Brazil, Chile, Costa Rica, Colombia, Mexico, and Peru.
The project will enable the sponsor to pursue the development of emissions trading in specific countries through selected personal contacts and may initiate future cooperation by supporting the introduction and the establishment of a trading system.