IETA wants strong provisions in the Paris agreement that anchor in hooks for carbon pricing and that enable international emissions trading to take place in the future. Jeff explains that carbon markets are growing globally and there are currently 20 carbon markets in place. There needs to be international rules and standards and enabling frameworks so that countries can transfer emissions reductions in the future. IETA’s 3 asks are: clear rules on accounting, simple provisions that allow carbon emissions to trade and a new crediting mechanism that enables developing countries to benefit from a carbon market. Jeff explains if developing countries can access an international trading market they can access an additional form of climate finance to fund their low carbon development. Finally, Jeff explains the momentum for carbon pricing has reached a crescendo and they need to ensure the Paris agreement reflects this momentum and ambition.