Prime Minister Justin Trudeau and Steven Guilbeault, Minister of Environment and Climate Change, yesterday welcomed Norway and Denmark as new members of the Global Carbon Pricing Challenge (the “Challenge”), and Côte d’Ivoire as a Friend of the Challenge. The Challenge, launched by Prime Minister Trudeau at COP26, is a partnership of countries committed to accelerating climate action by tripling the coverage of carbon pricing mechanisms around the world to reach 60 percent of global emissions by 2030. Colombia and Vietnam were also recognized among those nations that support the Challenge’s goals and objectives since they have both adopted domestic carbon pricing systems. The announcement was made at an event entitled Accelerating Global Climate Ambition and Decarbonization, held in the SDG Pavilion on the North Lawn of the United Nations Headquarters during Climate Week NYC. We anticipate further developments related to the Challenge to be announced at COP28 in Dubai later this year. For further information or to discuss the contents of this bulletin, please contact Lisa DeMarco at lisa@resilientllp.com.