EU Climate Commissioner Miguel Arias Cañete and California Governor Jerry Brown discussed linking the bloc’s carbon trading market to the US state’s cap-and-trade system during meetings in the European Parliament on Tuesday (7 November).
“The EU and California are natural partners in the fight against climate change and have been pioneers in the early years of carbon markets and clean mobility,” Cañete said in a statement after meeting with Brown.
Brown said that his goal is to create a global emissions trading system. California, the most populous US state, already has a common carbon market that shares permits for greenhouse gas emissions with the Canadian provinces of Ontario and Quebec.
A common carbon market with the EU “would be a concrete kind of investment move that California and other states and provinces could become a part of,” Brown said.