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A powerful idea for global climate action: The carbon market coalition

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Webinar
  • Nov 24, 2026
    12:00-1:00 PM EST
  • Virtual

While real global progress is being made in addressing climate change, the effort is currently scattered and uncoordinated. Different regimes across the world and inaction in some jurisdictions hampers progress. However, co-ordinated action on carbon pricing and carbon markets holds the promise to minimize economic impacts, raise hundreds of billions in revenues and dramatically accelerate emissions reductions.

Canada recently joined a growing global movement, the Open Coalition on Compliance Carbon Markets. Founded by China, the EU and Brazil, members agree to collaborate on key aspects of carbon market design, policies and verification processes. They will share best practices and work to ensure the interoperability of global carbon markets.

Join our panel during Canada Climate Week Xchange to learn more about how a carbon market coalition works, what the challenges and benefits are, and the next steps for this powerful idea for global climate action.

Moderator

Yrjö Koskinen

Director of Research, ISF

Yrjö is Director of Research with the Insitute for Sustainable Finance at Smith School of Business, Queen's University and BMO Professor of Sustainable and Transition Finance at the Haskayne School of Business. He served as the Associate Dean of Research and Business Impact from 2017 to 2022 at Haskayne. He has previously been a faculty member at Stockholm School of Economics, Boston University’s Questrom School of Business, and the Wharton School of the University of Pennsylvania. He holds an MSc degree in Economics from the University of Helsinki, and a PhD in Management (Finance) from INSEAD. Prior to his academic career, Yrjö worked as a financial journalist, asset manager and as an economist at the Bank of Finland.

Panel Discussion

Catherine Wolfram

William Barton Rogers Professor of Energy Economics at the MIT Sloan School of Management

Catherine Wolfram is the William Barton Rogers Professor of Energy Economics at the MIT Sloan School of Management. She previously served as the Cora Jane Flood Professor of Business Administration at the Haas School of Business at UC Berkeley. From March 2021 to October 2022, she served as the Deputy Assistant Secretary for Climate and Energy Economics at the U.S. Treasury, while on leave from UC Berkeley. Since March 2025, Wolfram has served on the COP30 President’s Council on Economics, Finance, and Climate and chaired a working group on climate coalitions.​Before leaving for government service, she was the Program Director of the National Bureau of Economic Research's Environment and Energy Economics Program and a research affiliate at the Energy Institute at Haas. Before joining the faculty at UC Berkeley, she was an Assistant Professor of Economics at Harvard. She received a PhD in Economics from MIT in 1996 and an AB from Harvard in 1989.

 

Milan Elkerbout

Fellow; Director, International Climate Policy Initiative, Resources for the Future (RFF)

Milan Elkerbout is a Fellow at RFF and the Director of RFF’s International Climate Policy Initiative. He works on the interaction between climate and trade policies, in particular. He has worked extensively on carbon pricing and industrial decarbonization. Milan has a background in European political economy. Between 2014 and 2023, he was working for CEPS, a policy think tank in Brussels, as a research fellow and head of its climate program. From spring 2019, he spent a year as a visiting fellow at IVL Stockholm as part of the Mistra Carbon Exit research program.

Aaron Cosbey

Senior Associate, International Institute for Sustainable Development

Aaron Cosbey is a development economist with 35 years’ experience in the economics and law of sustainable development, particularly in the areas of trade and investment, with current work in the areas of climate change, trade policy, carbon pricing, and green industrial policy. He is a Senior Associate with the International Institute for Sustainable Development, a Senior Fellow with the European Roundtable on Climate Change and Sustainable Transition, and a Senior Associate with the Inter-Governmental Forum on Mining, Minerals, Metals and Sustainable Development. He Chairs the Commission on Carbon Competitiveness (Canada) and the Technical Advidory Group of Business Futures Pathways, the effort to develop a sustainable finance taconomy for Canada. He is President of Small World Sustainability Consulting. He has served as an advisor to the Canadian government on a number of select trade policy committees, and has consulted to a wide variety of Canadian and global governments and institutions.