As the impacts of climate change become more extreme, there is an urgent need to mobilise finance and technology from the private sector through international cooperation to achieve net-zero (reducing global emissions to zero) by 2050, a target set under the Paris Agreement, which is the United Nations Framework to combat climate change. To meet this challenge, the “Principles of High Integrity Carbon Markets'' were adopted at the G7 Ministers’ Meeting on Climate, Energy and Environment held in Sapporo last year. As a next step, it is crucial for various stakeholders to implement concrete actions based on these principles.

In this session, we invite governments and private sector representatives working toward net-zero, and those involved in international initiatives to implement high-integrity carbon markets, to discuss implementation experiences and challenges. The session will also provide diverse perspectives on international discussions related to synergies between climate change, biodiversity, circular economy, in achieving the SDGs.