As the consequence of climate change becomes significant, it is urgent to mobilise finance and technology from the private sector through international cooperation to achieve net-zero (the goal of reducing global emissions to zero) by 2050, which is set by the Paris Agreement, the United Nations Framework for combatting with climate change. Towards such a challenge, the “Principles of High Integrity Carbon Markets'' were adopted at the G7 Climate Change, Energy and Environment Ministers’ Meeting 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 the private sector representatives working toward net-zero, and those involved in international initiatives to implement high-integrity carbon markets, to discuss the implementation experiences and challenges. It also provides perspectives on international discussions such as synergies between climate change, biodiversity, circular economy, in achieving the SDGs.