Global carbon reward

Minister Guilbeault reaffirms Canada's commitment to global climate action and continues to push for a strong outcome at COP28

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tisdag, december 12, 2023
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At COP28, all countries came together to address the triple crisis of climate change, biodiversity loss, and pollution and push for ambitious outcomes.

Key Points: 
  • At COP28, all countries came together to address the triple crisis of climate change, biodiversity loss, and pollution and push for ambitious outcomes.
  • Canada advocated to secure ambitious outcomes to keep the Paris Agreement goal of limiting warming to 1.5 ºC within reach.
  • In addition, Canada is collaborating with partners to ensure that COP28 results in new guidance for countries to make progress on adaptation.
  • Canada is making significant contributions to the global effort to fight climate change to ensure a healthier planet for generations to come."

COP28: Canada Daily Highlights - December 10, 2023

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söndag, december 10, 2023
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This collaborative effort aimed to raise the visibility of carbon pricing as a critical strategy in the global fight against climate change.

Key Points: 
  • This collaborative effort aimed to raise the visibility of carbon pricing as a critical strategy in the global fight against climate change.
  • Canada announced a major step forward at COP28 with the introduction of a draft fourth protocol under the Greenhouse Gas Offset Credit System.
  • Read 'Government of Canada announces new economic incentive to reduce methane emissions from beef cattle' for more information .
  • We are actually warming in Canada at twice the global rate, and northern communities in Canada are warming at three times the global rate.

At COP28, momentum increases for the Global Carbon Pricing Challenge

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söndag, december 10, 2023
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Ahead of COP28, Canada welcomed Sweden and the European Union as new Partners of the Global Carbon Pricing Challenge.

Key Points: 
  • Ahead of COP28, Canada welcomed Sweden and the European Union as new Partners of the Global Carbon Pricing Challenge.
  • Launched by Canada at COP26, the Global Carbon Pricing Challenge calls for a partnership of carbon pricing Champions from around the world to expand the use of carbon pricing by strengthening existing systems and supporting emerging ones, with a collective goal of covering 60 percent of global emissions by 2030.
  • Partners of the Global Carbon Pricing Challenge are implementing, or scheduled to implement, carbon pricing, and are committed to the goal of increasing coverage of carbon pricing to 60 percent of global emissions by 2030.
  • The Secretariat is guided by the Chair of the Global Carbon Pricing Challenge Advisory Committee and is responsible for advancing all aspects of the Global Carbon Pricing Challenge, including facilitating technical exchanges and support for the expansion of carbon pricing in the Global South, coordination among stakeholders, fostering high-level dialogue among Partners, and supporting Friends of the Challenge with technical expertise on carbon pricing.

COP28: Canada Daily Highlights - December 4, 2023

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måndag, december 4, 2023
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The Minister attended the Fossil Fuel Subsidy Reform Forum, where he shared Canada's experience and leadership in phasing out inefficient fossil fuel subsidies.

Key Points: 
  • The Minister attended the Fossil Fuel Subsidy Reform Forum, where he shared Canada's experience and leadership in phasing out inefficient fossil fuel subsidies.
  • The Regulations are expected to reduce oil and gas methane emissions from 2012 levels by at least 75 percent by 2030.
  • Climate finance: Minister Guilbeault announced Canada's contribution of $34.2 million to the Global Environment Facility's Special Climate Change Fund (SCCF).
  • The CSA and France's space agency (CNES) highlighted the recent signing of the Space for Climate Observatory charter by Canada.

Creating good, middle-class jobs, and building a strong, secure future with European partners

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fredag, november 24, 2023
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Canada and the European Union have long shared a commitment to building strong economies that work for the middle class while standing together to address the challenges our world faces.

Key Points: 
  • Canada and the European Union have long shared a commitment to building strong economies that work for the middle class while standing together to address the challenges our world faces.
  • With increased European demand for clean energy, getting even more Canadian resources like critical minerals and hydrogen to European markets will continue to create jobs and growth for Canadians.
  • At the Summit, the Prime Minister highlighted important progress on Canadian hydrogen exports bound for European markets.
  • At the Summit, the Prime Minister welcomed the European Union as the newest partner in the Global Carbon Pricing Challenge .

Canada builds momentum and welcomes additional champions to the Global Carbon Pricing Challenge

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onsdag, september 20, 2023
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Together, they welcomed Norway and Denmark as new members of the Global Carbon Pricing Challenge, and the Côte d'Ivoire as a Friend of the Challenge.

Key Points: 
  • Together, they welcomed Norway and Denmark as new members of the Global Carbon Pricing Challenge, and the Côte d'Ivoire as a Friend of the Challenge.
  • The Global Carbon Pricing Challenge, launched by Prime Minister Trudeau at COP26, is a partnership of carbon pricing champions committed to accelerating climate action by setting an ambitious goal: tripling the coverage of carbon pricing mechanisms around the world to reach 60 percent of global emissions by 2030.
  • Together, the Challenge represents the expanding global partnership of champions working together to advance the global conversation on carbon pricing.
  • Partners of the Global Carbon Pricing Challenge are implementing, or scheduled to implement, carbon pricing and are committed to the goal of increasing coverage of carbon pricing to 60 percent of global emissions by 2030.

Minister Guilbeault takes Canada's climate policy ambition to the United Nations in New York

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måndag, september 18, 2023
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This week, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, will be in New York City from September 18 to 22, 2023, to participate in the United Nations General Assembly's Climate Ambition Summit and a week of high-level engagements.

Key Points: 
  • This week, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, will be in New York City from September 18 to 22, 2023, to participate in the United Nations General Assembly's Climate Ambition Summit and a week of high-level engagements.
  • Throughout the week, Minister Guilbeault will continue to work with partners to achieve real solutions and build momentum heading into COP28.
  • Canada's Ambassador for Climate Change, Catherine Stewart, will also be in New York City this week to attend meetings and events to promote Canada's climate action.
  • The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change will be held in Dubai, United Arab Emirates, from November 30 to December 12, 2023, under the UAE Presidency.

Prime Minister strengthens partnerships with Nordic countries

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måndag, juni 26, 2023
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As transatlantic partners, the Nordic countries and Canada share inherent interests in our region and beyond as like-minded partners and friends.

Key Points: 
  • As transatlantic partners, the Nordic countries and Canada share inherent interests in our region and beyond as like-minded partners and friends.
  • In the face of the evolving internal security situation in Russia, the Prime Minister and the Nordic leaders reiterated their continued support for Ukraine.
  • The Prime Minister emphasized Canada as a like-minded partner for the Nordic Region.
  • The Prime Minister held bilateral meetings with the Prime Minister of Iceland, Katrín Jakobsdóttir, the Prime Minister of Denmark, Mette Frederiksen, the Prime Minister of Finland, Petteri Orpo, the Prime Minister of Norway, Jonas Gahr Støre and the Prime Minister of Sweden, Ulf Kristersson.

Prime Minister strengthens ties with the Republic of Korea

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onsdag, maj 17, 2023
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SEOUL, Republic of Korea, May 17, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today concluded a successful bilateral visit to the Republic of Korea (Korea) on the 60th anniversary of diplomatic relations between our two countries, where he continued to strengthen ties and grow our economies.

Key Points: 
  • SEOUL, Republic of Korea, May 17, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today concluded a successful bilateral visit to the Republic of Korea (Korea) on the 60th anniversary of diplomatic relations between our two countries, where he continued to strengthen ties and grow our economies.
  • While in Seoul, the Prime Minister held an extended bilateral meeting with the President of the Republic of Korea, Yoon Suk Yeol, where the two leaders reiterated their mutual commitment to deepening their friendship, coordinating closely on regional and global issues, and strengthening economic ties.
  • The Prime Minister also addressed the National Assembly of the Republic of Korea, where he celebrated the strong relationship between our countries and ties between our people.
  • In Seoul, Prime Minister Trudeau was accompanied by the Minister of Foreign Affairs, Mélanie Joly, and the Minister of Innovation, Science and Industry, François-Philippe Champagne.

CarbonChain Raises $10M Series A to Accelerate Global Decarbonization through Carbon Accounting

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tisdag, april 25, 2023
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LONDON, April 25, 2023 /PRNewswire/ -- CarbonChain, an AI-fueled carbon accounting platform using granular data to provide end-to-end visibility into the carbon footprint of a company's supply chain, today announced its $10M Series A funding round, co-led by Union Square Ventures and Voyager Ventures. CarbonChain will use these funds to build new carbon accounting and reporting products, expand its customer base in the most carbon-intensive value chains (manufacturing, commodities, and heavy industry), and grow its team to meet increasing demand.  

Key Points: 
  • Global merchandise trade exceeds $20 trillion a year , and the supply chains that feed that trade are responsible for 60% of global emissions .
  • Despite global demand for quantifying and reducing carbon emissions to meet net-zero by 2050 , many organizations struggle to accurately measure and report their carbon footprint.
  • CarbonChain provides companies and financial institutions with accurate accounting of Scope 3 and supply chain emissions.
  • Through its verified and validated methodology and expansive database covering 80% of global emissions, CarbonChain enables carbon traceability, product carbon footprinting and the identification of real-time reduction opportunities.