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Minister Ségolène Royal met with Secretary of State John Kerry

Minister Ségolène Royal met with Secretary of State John Kerry

Published on April 21, 2016
Minister of the Environment, Energy and Marine Affairs Ségolène Royal in Washington for IMF and World Bank Spring Meetings (April 14-16)

COP president Ségolène Royal met with U.S. Secretary of State John Kerry to review challenges related to the implementation of the Paris Climate Agreement.

They applauded the efforts being made by various nations to ensure the success of the signing ceremony on April 22, which Mr. Kerry confirmed he would attend. Among the topics they discussed were:

  • strengthening the Paris Agreement’s Ocean Initiative
  • green financing and mobilizing the economic and financial sectors
  • the importance of negotiations on hydrofluorocarbons, and negotiations at the International Civil Aviation Organization (ICAO) on limiting emissions in the aviation sector.

Ms. Royal co-chaired the High-Level Assembly of the Carbon Pricing Leadership Coalition attended by UN Secretary-General Ban Ki-moon, World Bank President Jim Yong Kim, IMF Managing Director Christine Lagarde, and OECD Secretary-General Angel Gurria.

She announced that the heads of state would make a statement on carbon prices at the signing ceremony at the UN on April 22. With that in mind, she presented the coalition with three proposals aimed at establishing a high, stable, coordinated price:

  • Increase hedging in greenhouse gas emissions through carbon pricing tools, to be doubled by 2020 and quadrupled by 2030
  • Set meaningful carbon prices in countries, companies and regions to guide companies’ investment choices
  • Support projects under way to set prices in voluntary carbon markets, notably with the help of World Bank experts.

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