The EU Emission Trading Scheme
|
|
- Marvin McDaniel
- 6 years ago
- Views:
Transcription
1 The EU Emission Trading Scheme Medium and long term issues Europlace - 5th July 2007 Climate Task Force Christian de Perthuis
2 How to convert a half success into a complete success? The EU Emission Trading Scheme (EU ETS) has become the largest carbon market in the world, sending an effective carbon price signal to European industry Companies take into account this new price signal in their current operations EU ETS will achieve complete success when: Company investment decisions integrate the carbon price signal The EU scheme is linked with other schemes Kyoto credits markets; Norway & Japan markets; and US markets if implemented. We have a clear vision of Post 2012 period Mission climat 2
3 The EU ETS in the international context EU ETS takes all: Share of Volume and Value in the Carbon Market until September 30, 2006 Volume Value Source : World Bank. Source : World Bank. Mission climat 3
4 I - Short and Medium term outlooks Europlace - 5th July 2007 Climate Task Force Christian de Perthuis
5 The Five Stages of the EU ETS Market CO2 tonnes /t of CO2 35,00 30, , , , d-04 j-05 f-05 m-05 m-05 j-05 j-05 Exchanges on market places EUA OTC prices a-05 o-05 n-05 d-05 j-06 m-06 a-06 m-06 j-06 a-06 OTC Exchanges Source : Point Carbon, Powernext and ECX. s-06 o-06 n-06 j-07 f-07 m-07 m-07 EUA Dec- 08 futures prices on ECX 10,00 5,00 0,00 Mission climat 5
6 The probability of an EUA shortage at the end of the first period The ratio between the 1 st and 2 nd period prices plus the 40 of penalty expresses the probability that the market is short at the end of the 1 st period. 50% 45% 40% 35% 30% 25% 20% 15% Before the 1 st compliance, the probability was estimated at 35-45% but only 1% at the end of April % 5% 0% juil.-05 août-05 Pr oct.-05 déc.-05 janv.-06 mars-06 mai-06 ( shortage ) = EUA EUA juin-06 août-06 oct.-06 nov janv.-07 mars-07 Source : Climate task force, from the formula of Parsons and Ellerman, MIT Mission climat 6
7 Supply and demand in EU EU 25 - installations compliance Allowance > t 100% 90% 80% 70% Long and short installations concentration EU EU 25 Compliance by installation Net compliance (mtco2) % of sector long/short 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Long inst. % of sector long/short inst. Source : Climate Task Force, Caisse des Dépôts, CITL data. Among installations which are in a long position, 10% represent 77% of the total surplus (254 Mt) and 2% of them represent more than 50%. Among installations which are in a short position, 10% represent more than 90% of the total deficit (-225 Mt) and 1.5% of them represent 50%. Short inst Emission (tco2) Allocation (tco2) on Mission climat 7
8 The mean trend of the second period prices expectations. /tco ,0 /t ,8 /t 25 23,6 /t 20 18,5 /t 20,7 /t ,5 /t Standard deviation 5 0 j-05 j-06 j-07 j-08 j-09 j-10 j-11 j-12 Powernext Spot Price ECX Future 2008 Price Forecast mean Mean - Std Var(t) Mean + Std Var(t) Source : Mission Climat de la Caisse des Dépôts Mission climat 8
9 II - Post 2012 Issues Europlace - 5th July 2007 Climate Task Force Christian de Perthuis
10 The CDM Assessment * Source : WRI, World Development Indicators2006, UNFCCC. * according to Carbon Finance March 2007 CDM Projects are growing quite fast Nevertheless, their impact is a symbolic part of total investments in developing countries Mission climat 10
11 The Chinese Case lg CO2/US $ ,5 2 1,5 1 Russie Chine Inde In most emerging countries, carbon economic intensity has been decreasing since the 1990s. China has also followed the trend 0, Brésil Source : CDIAC, Groningen Growth and Development Centre, WRI The overheating of the Chinese economy has triggered a new increase in carbon intensity since Mission climat 11
12 The US Evolution Mission climat 12
13 A huge carbon emission reduction potential in the US Carbon intensity in developed countries CO2intensity(kgCO2/1990US$) 2 1,5 1 0,5 USA EU15 Japan For years, Parallel progress in carbon efficiency have been observed in the US and in the EU Today US carbon intensity (CO2 emissions per PIB Unit) is 60% above EU A national cap and trade system in the US would create huge new opportunities of CO2 emission reductions. Source: Mission Climat Mission climat 13
14 What will the post-kyoto world look like? No return to the free carbon economy prevailing before 2005 Three possible scenarios: Kyoto agreement is saved: very unlikely Several carbon markets in the world, without multilateral agreement: possible but not desirable A new international climate agreement with a strong commitment of industrial countries (US included) and efficient ways to associate emerging countries Two important issues: Russia harming ability Difficulty to include the developing countries with grandfathering of allocations Mission climat 14
15 How to engage the right transition? Two main basis of the world carbon finance in 2012: The EU-ETS The Kyoto international project based credits (JI/CDM) What is needed: To make the second period of EU-ETS a success, economically and ecologically Investments in post-2012 carbon assets, especially CERs Too risky for most of private investors Key measure for governments, public and multilateral agencies Mission climat 15
16 16 Pavillon d Armenonville Thursday July 5 & Friday 6, 2007
CO 2 Markets. Maria Mansanet Bataller
CO 2 Markets Maria Mansanet Bataller Motivation Climate Change Importance Increasingly Kyoto Protocol: International Response to Climate Change Flexibility Mechanisms EMISSIONS TRADING CARBON MARKETS The
More informationEuropean Emissions Trading Scheme - Market Outlook. Market outlook. Outline of the Presentation
European Emissions Trading Scheme - Market Outlook Dr. Jussi Nykänen Partner and Executive Vice President, Intermediary GreenStream Network Ltd. tel. +358 20 743 7800 GSM +358 40 840 8001 mail jussi.nykanen@greenstream.net
More informationMarket News. IETA/IEA/EPRI Workshop Paris, September 22, Andrei Marcu, CEO, BlueNext
Market News IETA/IEA/EPRI Workshop Paris, September 22, 2008 Andrei Marcu, CEO, BlueNext What is BlueNext? since 2005 Powernext Carbon 2008 BlueNext SA BlueNext is the environmental exchange with global
More informationASX Plans to Support and Service the Carbon Pollution Reduction Scheme. Anthony Collins General Manager, Energy & Environment
ASX Plans to Support and Service the Carbon Pollution Reduction Scheme Anthony Collins General Manager, Energy & Environment Outline The Role of Financial Markets Likely Market Evolution Emissions Trading
More informationThe markets have a scientific background...
Climate and Investment Opportunities: How can you Invest in Climate? Tomas Otterström, Deputy CEO GreenStream Network Plc World Ecological Forum 2010 Climate Strategies and Investments seminar 1 July 2010
More informationPOWERNEXT CARBON: AN ORGANISED MARKET TO FIGHT CLIMATE CHANGE
POWERNEXT CARBON: AN ORGANISED MARKET TO FIGHT CLIMATE CHANGE Jean-François Conil-Lacoste CEO, Powernext SA Paris 5 July 2007 KYOTO CREDITS: FROM A EUROPEAN MARKET TO AN INTERNATIONAL MARKET (/2) Kyoto
More information12 Years of EU-ETS Lessons learned
12 Years of EU-ETS Lessons learned Partnership for Market Readiness Turkey Project Roadmap for The Consideration of Establishment and Operation of A Greenhouse Gas Emissions Trading System in Turkey Closure
More informationWhat You Should Know About Carbon Markets
Energies 2008, 1, 120-153; DOI: 10.3390/en1030120 OPEN ACCESS energies ISSN 1996-1073 www.mdpi.com/journal/energies Review What You Should Know About Carbon Markets Maria Mansanet-Bataller 1 and Ángel
More informationKyoto and Post-2012 Options
Kyoto and Post-2012 Options The concept of agreement architecture Review FCCC and Kyoto Were we are now Alternative approaches Venue and process The Challenge: Per Capita Emissions 4.0 to Meet a 550 ppmv
More informationLandfill Gas Energy. IFICCI-USEPA M2M New Delhi, India March 9, 2006
Landfill Gas Energy IFICCI-USEPA M2M New Delhi, India March 9, 2006 Neil Cohn Managing Director Natsource ncohn@natsource.com 1 State of the Market 2005 EU ETS up and running CDM Registered Projects: 20-30
More informationMEDIA RELEASE. ASX Welcomes Government Commitment to Emissions Trading Scheme
MEDIA RELEASE 4 June 2007 ASX Welcomes Government Commitment to Emissions Trading Scheme The Australian Securities Exchange (ASX) welcomes the Federal Government s commitment to introduce an Emissions
More informationSteady increase of global market value
Steady increase of global market value (in Billion US$) 176 $180 Other project-based Other allowances Secondary CER 135 144 159 Primary CER post-2012 $120 Primary CER pre-2013 EU Allowances 63 $60 31 11
More informationCarbon Prices during the EU ETS Phase II: Dynamics and Volume Analysis
Carbon Prices during the EU ETS Phase II: Dynamics and Volume Analysis Julien Chevallier To cite this version: Julien Chevallier. Carbon Prices during the EU ETS Phase II: Dynamics and Volume Analysis.
More informationBusiness and energy policies
Business and energy policies Helen Miller IFS hosts two ESRC Research Centres. Range of measures aimed at business Extension of business rate discounts and enhanced capital allowances for enterprise zones
More informationEmissions Credits Trading:
Emissions Credits Trading: The Credit Risk Management Aspects Explained Ron Wells TRAFFIC CONTROL IN THE SMOG XI AN SHAANXI PROVINCE CHINA Copyright 2010 R K Wells ( BarrettWells Credit Research ) 1 Contents
More informationAustralia s Emissions Trading Scheme: Design Features and Lessons Learned presentation to IEA-IETA-EPRI emissions trading workshop
Australia s Emissions Trading Scheme: Design Features and Lessons Learned presentation to IEA-IETA-EPRI emissions trading workshop Steven Kennedy Department of Climate Change and Energy Efficiency October
More informationRepublic of Kazakhstan. Director Climate Change Department. Ministry of Energy
PMR Project Implementation Status Report (ISR) The PMR Project Implementation Status Report should be prepared by the Implementing Country or Technical Partner, with the support of the Delivery Partner
More informationBANK OF ALGERIA QUARTERLY STATISTICAL BULLETIN
BANK OF ALGERIA QUARTERLY STATISTICAL BULLETIN N 37 : March 2017 INDEX Monetary and Financial Statistics: 1 - BANK OF ALGERIA Page number 1.1 Aggregated Balance sheet of the Bank of Algeria 6 1.2 Detailed
More informationRelease of EU Allowances in Germany
Release of EU Allowances in Germany Annual report 2009 Annual report 2009 Between 1 January 2009 and 13 November 2009 KfW sold a total of 40 million EU allowances with an overall value of EUR 528,487,784.40.
More informationAAU sales and Green Investment Schemes: Towards implementation in Ukraine
AAU sales and Green Investment Schemes: Towards implementation in Ukraine Grzegorz Peszko Senior Environmental Economist, Europe and Central Asia 24 April, Kyiv Overview 1. Strategic allocation and management
More informationOUR MISSION: A SUS TAINABLE ENE RGY SUPP LY FOR EVERYONE
OUR MISSION: A SUS TAINABLE ENE RGY SUPP LY FOR EVERYONE 453 5631178. ":03;66 :03;61=36 A! -8 *'*- =?/662 B/662! $$!"#!$"!$%&'$)#'$"%*"+%$&%" *)$!!#)#$"+,!+#"-%$"-!"-#%$!+-$'!."$%$"$","#-"
More informationLes Cahiers de la Chaire Economie du Climat. Information and debates Series
Les Cahiers de la Chaire Economie du Climat Information and debates Series n 27 September 2013 Back to the Future: A comprehensive analysis of carbon transactions in Phase 1 of the EU ETS Vincent Martino
More informationMEDIA RELEASE. The road to Copenhagen. Ends Media Contact: Michael Hitchens September 2009
MEDIA RELEASE AUSTRALIAN INDUSTRY GREENHOUSE NETWORK 23 September 2009 The road to Copenhagen The Australian Industry Greenhouse Network today called for more information to be released by the Government
More informationCarbon and ESG What does it mean for portfolio managers?
Carbon and ESG What does it mean for portfolio managers? Corli le Roux Head of SRI Index Shameela Ebrahim Senior Strategist 10 September 2009 Copyright JSE Limited 2008 Introduction: Two crises The one
More informationFinancing Low Carbon Projects
Financing Low Carbon Projects Odin K. Knudsen Real Options International December 14, 2011 Odinknudsen@gmail.com Real Options International Inc. Advising on Low Carbon Strategies and Finance Restructuring
More informationCARBON PRICING: PERSPECTIVES FOR THE EU EMISSIONS TRADING SCHEME BY 2030
CARBON PRICING: PERSPECTIVES FOR THE EU EMISSIONS TRADING SCHEME BY 2030 French Pavilion COP 21, PARIS Benoit Leguet, Managing Director I4CE- Institute for Climate Economics 10 th December 2015 Outline
More informationNew foundations for the construction sector?
New foundations for the construction sector? Ludovic Subran, Chief Economist & Research Manager Yann Lacroix, Sector Research Manager Manager Didier Moizo, Sector Analyst Press conference Paris, 21 June
More informationRMIA Conference, November 2009
THE IMPLICATIONS OF THE CARBON POLLUTION REDUCTION SCHEME FOR YOUR BUSINESS RMIA Conference, November 2009 AGENDA Now Important concepts Participating in the CPRS: compliance responsibilities Participating
More informationState and Trends of the Carbon Markets. Alexandre Kossoy Climate Policy and Finance Department World Bank
State and Trends of the Carbon Markets Alexandre Kossoy Climate Policy and Finance Department World Bank Aviation and Climate Change Seminar, ICAO Headquarters, Montréal, Canada, 23-24 October 2012 1 Steady
More informationNestlé Investor Seminar 2008
Nestlé Investor Seminar 2008 Procurement of Raw Materials at Nestlé Malcolm Harrison Head of Procurement 1 Nestlé Investor Seminar Vevey 16-17 June 2008 Disclaimer This presentation contains forward looking
More information1. TITLE OF PROPOSAL... 2
EU EMISSIONS TRADING SCHEME PHASE II (2008-2012) JOINT IMPLEMENTATION AND CLEAN DEVELOPMENT MECHANISM CREDITS FULL REGULATORY IMPACT ASSESSMENT FEBRUARY 2007 1. TITLE OF PROPOSAL... 2 2. PURPOSE AND INTENDED
More information2011 Annual General Meeting. Laurent Vacherot May 5, 2011
2011 Annual General Meeting Laurent Vacherot May 5, 2011 > Highlights of 2010 > Outlook 2011 > Essilor share Annual General Meeting May 5, 2011 2 2010: A Year of Acceleration Revenue of 3,892m, up 19.1%
More informationMARKET REPORT. December 2010
December 21 MARKET REPORT Highlights physical markets December 21: POWER: Nord Pool Spot market share of Nordic consumption was 73.4 per cent in December. The total Nordic preliminary consumption for December
More informationEU ETS - any fundamental drivers left?
EU ETS - any fundamental drivers left? 4 th annual European Emissions Markets conference 26 Sept 2012, Brussels Marcus Ferdinand, Senior Market Analyst Setting the scene Market awaked from a long sleep
More informationEU Market Situation for Poultry. Committee for the Common Organisation of the Agricultural Markets 24 August 2017
EU Market Situation for Poultry Committee for the Common Organisation of the Agricultural Markets 24 August 217 -7.2% -7.7% -1.6% -1.7% -1.7% -2.1% -2.5% 4.1% 3.6% 3.5% 2.8% 1.9% 1.2%.8%.8%.6%.4%.2%.%.%.%.%
More informationTHE ROLE OF FINANCIAL MARKETS IN EMISSIONS TRADING
THE ROLE OF FINANCIAL MARKETS IN EMISSIONS TRADING Anthony Collins and Sally Palmer Financial markets provide the infrastructure and liquidity to enable emissions trading schemes to meet their objective
More informationWorld Sugar Market Outlook
World Sugar Market Outlook 28 th of September 216 Platts conference New Delhi Benoît Boisleux 1 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16
More informationChina s Pilot and National ETS s
China s Pilot and National ETS s BPMR Korea March 24, 2015 Jeff Swartz Director-International Policy, IETA Climate Challenges, Market Solutions We will step up efforts against air pollution, promote ecological
More informationModeling Emission Trading Schemes
Modeling Emission Trading Schemes Max Fehr Joint work with H.J. Lüthi, R. Carmona, J. Hinz, A. Porchet, P. Barrieu, U. Cetin Centre for the Analysis of Time Series September 25, 2009 EU ETS: Emission trading
More informationCalifornia Carbon Markets: An overview of the trading activity in California s cap and trade market
California Carbon Markets: An overview of the trading activity in California s cap and trade market Prepared by: John Battaglia, VP, Evolution Markets Inc. Prepared for: UC Davis Urban Forestry Workshop
More informationDRAFT EU ETS Linkages with other trading schemes Legal Issues
DRAFT EU ETS Linkages with other trading schemes Legal Issues ECCP, Brussels June 14, 2007 M.J. Mace FIELD London 1 Project: Analysing the legal and organisational issues arising from linking the EU ETS
More informationBANK OF ALGERIA QUARTERLY STATISTICAL BULLETIN
BANK OF ALGERIA QUARTERLY STATISTICAL BULLETIN N 40 : December 2017 INDEX Monetary and Financial Statistics: 1 - BANK OF ALGERIA Page number 1.1 Aggregated Balance sheet of the Bank of Algeria 6 1.2 Detailed
More informationSales and Auctioning of EUAs - Setup, results and lessons learned
Sales and Auctioning of s - Setup, results and lessons learned Berlin, 14.07.2010 Bernhard Zander Director KfW Carbon Fund Agenda 1. KfW Carbon Activities in brief 2. Sales 2008/09: Implementation and
More informationState of the Voluntary Carbon Markets: 2008 and 2009
State of the Voluntary Carbon Markets: 2008 and 2009 Allison Shapiro Ecosystem Marketplace OAS Ecosystem Services Workshop Washington, DC 18 June 2009 1 About Ecosystem Marketplace A program of the non-profit
More informationThe Euromoney International Debt Capital Markets Handbook 2009
The Euromoney International Debt Capital Markets Handbook 2009 *DCM FC Spine.indd 1 19/8/08 16:01:41 Capital markets as greenhouse gas emission reduction drivers by Konstantinos A. Krouskas, Nirmaljit
More informationClimate Finance: Issues and Opportunities. Presented by Jon Sohn February 2010 Airlie House, Virginia
Climate Finance: Issues and Opportunities Presented by Jon Sohn February 2010 Airlie House, Virginia 1 Framing Questions What level of funding is necessary to address climate mitigation and adaptation
More informationState and trends of carbon pricing initiatives around the world
Destination Green ICAO Symposium on Aviation and Climate Change, Destination Green, 14 16 May 2013 State and trends of carbon pricing initiatives around the world Alexandre Kossoy Climate Policy and Finance
More informationThe EU ETS reform mission accomplished? Panel discussion
The EU ETS reform mission accomplished? Panel discussion 17th IEA-IETA-EPRI Annual Workshop on Greenhouse Gas Emission Trading Paris, 11 th October 2017 marketing material for information purposes only
More informationClimate change Presentation by Vincent Koopman & Luc Wittebolle
Climate change Presentation by Vincent Koopman & Luc Wittebolle P w C Contents. Setting the scene I. EU Emission Trading Scheme and other policy instruments II. A view on business implications V. Financial
More informationCarbon Pollution Reduction Scheme - Business Implications & Opportunities for Actuaries. Peter Eben
Carbon Pollution Reduction Scheme - Business Implications & Opportunities for Actuaries Peter Eben Agenda Introduction Overview of CPRS Sectoral and business level impacts Opportunities for actuaries Introduction
More informationInternational multi-specialist in the distribution of specialised steels Annual Results. Information meeting 6th March 2006
International multi-specialist in the distribution of specialised steels 2005 Annual Results Information meeting 6th March 2006 LEADING DISTRIBUTOR OF SPECIAL STEELS IN EUROPE 2-33 vf OUR BUSINESS: AN
More informationALLOWANCES 6TH SOUTH EAST EUROPE ENERGY DIALOGUE, MAY 2012 PANTELIS MANIS, HEAD THESSALONIKI STOCK EXCHANGE CENTER
GREENHOUSE GAS EMISSION ALLOWANCES 6TH SOUTH EAST EUROPE ENERGY DIALOGUE, MAY 2012 PANTELIS MANIS, HEAD THESSALONIKI STOCK EXCHANGE CENTER GHG Emissions: History 2 GHG Emissions: Participation of countries(kyoto)
More informationEU ETS MARKET STABILITY RESERVE
EU ETS MARKET STABILITY RESERVE POSITION PAPER 1. Foreword The Shift Project is initiating an EU ETS Working Group starting with this position paper on the Market Stability Reserve (MSR) and will issue
More informationContact: Russ Davidson. Date: January 7, 2009 Telephone: (646)
STOCK EXCHANGE Regulatory Information Circular Circular number: 2009-02 Contact: Russ Davidson Date: January 7, 2009 Telephone: (646) 805-1857 Subject: AirShares EU Carbon Allowances Fund Background Information
More informationMitigation Actions and Measurement, Reporting and Verification in a Post-2012 Climate Agreement
Mitigation Actions and Measurement, Reporting and Verification in a Post-2012 Climate Agreement Elliot Diringer Vice President, International Strategies Pew Center on Global Climate Change at UNFCCC Media
More informationCarbon market oversight
Carbon market oversight Joint procurement of an auction monitor Information day 21 November 2012 CLIMA-ETS-AUCTIONS@ec.europa.eu Disclaimer: The views expressed are purely those of the speaker and may
More informationEEX Phase III Auctions
EEX Phase III Auctions Viviana Ciancibello, Senior Key Account Manager, EEX, Warsaw, 11 April 2013 European Energy Exchange AG Eurex Group Agenda 1. EEX at a Glance 2. Emissions Auctions 3. Auction Design
More informationUpdate on world status and trends for critical raw materials
Update on world status and trends for critical raw materials World Materials Forum 2017 David Trafford CEO, Consulting 29 June 2017 Recap 2016: Prospective Study on some critical materials Average annual
More informationClimate Change and International Taxation
Climate Change and International Taxation Agenda Presentation of the panel Objective of the seminar The overall objective of the seminar is to provide the participants with an introductory understanding
More informationNew market-based mechanisms under the UNFCCC: governance issues
New market-based mechanisms under the UNFCCC: governance issues Andrew Prag (OECD) CEPS Carbon Market Forum, Brussels 14 February 2013 Climate Change Expert Group The framework for various approaches and
More informationTaj s tax experts and engineers have compared the different R&D tax incentives in 13 OECD countries.
EXCLUSIVE STUDY R&D tax incentives: A ranking of the world s most Etude attractive exclusive regimes Taj R & D d e m y s t i f i e d On August 17, the Inspection Générale des Finances [general inspectorate
More informationEU Climate Change Policy : Thoughts on Property Rights and Market Choices
Working Paper No. 292 www.esri.ie April 2009 EU Climate Change Policy 2013-2020: Thoughts on Property Rights and Market Choices Paul K. Gorecki, Sean Lyons and Richard S.J. Tol Abstract: Under 2013 to
More informationCarbon Finance Unit, The World Bank Washington, DC - March, 2008
Carbon Finance addressing Climate Change Carbon Finance Unit, The World Bank www.carbonfinance.org Washington, DC - March, 2008 1 After 10-y catalyzing the C- market, what s next to scale up CF and support
More informationFact sheet: Financing climate change action Investment and financial flows for a strengthened response to climate change
Fact sheet: Financing climate change action Investment and financial flows for a strengthened response to climate change In 2007, a review entitled Report on the analysis of existing and potential investment
More informationCarbon Market Institute. Submission - Emissions Reduction Fund: Safeguard Mechanism
Carbon Market Institute Submission - Emissions Reduction Fund: Safeguard Mechanism April 2015 ABOUT THE CARBON MARKET INSTITUTE The Carbon Market Institute (CMI) is an independent membership-based not-for-profit
More informationFinancial Markets : Towards a New Hierarchy of Risks?
Financial Markets : Towards a New Hierarchy of Risks? Paris Europlace Jean-François Bay, Managing Director, Morningstar France Tuesday July 3, 2012 2012 Morningstar, Inc. All rights reserved. Long-term
More informationCarbon Financing for RE Projects
MENA Carbon Forum 2009 Cairo, Egypt How to overcome the barriers to unlock the CDM potential in RE Sector Nikolaus Wohlgemuth Overview 1 About First Climate 2 Carbon Financing Background & Overview 3 Carbon
More informationUPDATE ON FINANCING CLIMATE MITIGATION IN DEVELOPING COUNTRIES AND THE ROLE OF THE WORLD BANK CARBON FINANCE UNIT
UPDATE ON FINANCING CLIMATE MITIGATION IN DEVELOPING COUNTRIES AND THE ROLE OF THE WORLD BANK CARBON FINANCE UNIT INTERNATIONAL MARITIME ORGANIZATION MARCH 30, 2011 SCOTT CANTOR CARBON FINANCE UNIT THE
More informationAdopting the policy instruments to Establish ETS in Asia countries
2011 3rd International Conference on Advanced Management Science IPEDR vol.19 (2011) (2011) IACSIT Press, Singapore Adopting the policy instruments to Establish ETS in Asia countries Wan, Wen-Cen + Science
More informationGROUP MARKET REPORT. CARBON: Volume EUAs and CERs 9.3 million tonnes in October and million tonnes YTD
October 28 GROUP MARKET REPORT Highlights physical markets: POWER: Volume Elspot 24.5 in October and 242.8 TWh YTD Volume Elbas 224.1 GWh in October and 1 44.7 GWh YTD The exchange's market share in October
More informationRussia: Macro Outlook for 2019
October 2018 Russia: Macro Outlook for 2019 Natalia Orlova Head of Alfa Bank Macro Insights +7 495 795 36 77 norlova@alfabank.ru Egypt Saudi Arabia Brazil S. Africa UAE Iraq China Japan US Mexico UK Russia
More informationUK s position on the European Commission s proposal to reform the EU ETS by introducing a Market Stability Reserve
UK s position on the European Commission s proposal to reform the EU ETS by introducing a Market Stability Reserve 20 October 2014 The UK supports the implementation of a strengthened MSR to: improve the
More informationNorth American Steel Industry Recent Market Developments, Future Prospects and Key Challenges
North American Steel Industry Recent Market Developments, Future Prospects and Key Challenges OECD Steel Committee December 1-11, 29 Paris, France * American Iron and Steel Institute (AISI) Steel Manufacturers
More informationALLOWANCE TRADING PATTERNS DURING THE EU ETS TRIAL PERIOD: WHAT DOES THE CITL REVEAL?
Issue n 13 June 2008 ALLOWANCE TRADING PATTERNS DURING THE EU ETS TRIAL PERIOD: WHAT DOES THE CITL REVEAL? Raphaël Trotignon and Anaïs Delbosc The European Union Emissions Trading Scheme (EU ETS) was established
More informationDecoding Ontario s Carbon Market
Decoding Ontario s Carbon Market A short and long term impact analysis of the first auction April 12, 2017 Photo by Kevin W Meet your presenters Chandan Kumar Lead Economist Climate Connect chandan.kumar@californiacarbon.info
More informationETS International Cooperation and MRV
ETS International Cooperation and MRV Marco LOPRIENO European Commission DG EU ETS Compliance Conference Brussels 6 November 2014 Agenda International Carbon Market EU Cooperation Approach Multilateral
More informationKey figures at March 31, 2011
Key figures at March 31, 2011 Conference call on May 5, 2011 Pierre François Riolacci Chief Financial Officer Disclaimer Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This
More informationThe potential for trading schemes in. developing countries
The potential for trading schemes in developing countries This presentation builds on work competed under contracts with: DECC Securing private sector engagement in Sectoral Approaches DFID Supporting
More informationReview of the EU Emissions Trading System. Jos Delbeke DG Environment European Commission
Review of the EU Emissions Trading System Jos Delbeke DG Environment European Commission Objectives of EU ETS review Cost-effective contribution to -20% GHG target for 2020, or to stricter target under
More informationThe Framework for Various Approaches and New Market Mechanisms (FVA/NMM) in a post- Doha context: IETA s Perspective
March 2013 The Framework for Various Approaches and New Market Mechanisms (FVA/NMM) in a post- Doha context: IETA s Perspective 1. Background IETA views the Framework for Various Approaches (FVA) as a
More informationCarbon Trading and Islamic Capital Market Growth: Doubling Time and Forecasting
AI-Idah 27 ( Dec., 2013) Carbon Trading and Capital Market Growth;... 25 Carbon Trading and Capital Market Growth: Time and Forecasting Dr. Naila Nazir Dr. Abdul Qayum Khan Abstract: Introduction: The
More informationFebruary 2008 TWh Spot turnover monthly EUR/MWh Average system price/month
February Nord Pool the Nordic power exchange GROUP MARKET REPORT Physical market Nord Pool Spot AS Turnover in the physical market in February was 27.6 TWh (1 TWh = 1 billion KWh). This was a decrease
More informationMay 2009 Euro area external trade surplus 1.9 bn euro 6.8 bn euro deficit for EU27
STAT/09/106 17 July 2009 May 2009 Euro area external trade surplus 1.9 6.8 deficit for EU27 The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in May 2009 gave a 1.9
More informationEU ETS: LAST CALL BEFORE THE DOORS CLOSE ON THE NEGOTIATIONS FOR THE POST-2020 REFORM
EU ETS: LAST CALL BEFORE THE DOORS CLOSE ON THE NEGOTIATIONS FOR THE POST-2020 REFORM Assessment of options to reform the EU ETS Charlotte VAILLES and Emilie ALBEROLA, I4CE Paula COUSSY, IFPEN Cyril CASSISSA
More informationExperiences with Green Investment Schemes Jan-Willem van de Ven, Head of Carbon Market Development
Experiences with Green Investment Schemes Jan-Willem van de Ven, Head of Carbon Market Development CEPS, Brussels, 16 November 2015 PUBLIC Agenda Introduction to EBRD Climate Finance and Green Economy
More informationThe French «Comité pour la Fiscalité Ecologique»
The French «Comité pour la Fiscalité Ecologique» Christian de Perthuis Journées de l économie Lyon, 14 novembre 2013 Outline 1. CFE : general presentation 2. French energy taxes : a background 3. The proposal
More informationDurban Debrief: New Start or More of the Same?
Durban Debrief: New Start or More of the Same? Global Governance Programme Seminar 23 January 2012, Firenze Barbara K. Buchner Director, CPI Venice BEIJING BERLIN RIO DE JANEIRO SAN FRANCISCO VENICE +39
More informationWG5/6 Sub-Working. EU Emissions Trading Scheme - Auctioning Proceeds
WG5/6 Sub-Working EU Emissions Trading Scheme - Auctioning Proceeds Introduction of Paper Under the current EU Emissions Trading Directive, Member States are required to submit a National Allocation Plan
More informationMarch 2005 Euro-zone external trade surplus 4.2 bn euro 6.5 bn euro deficit for EU25
STAT/05/67 24 May 2005 March 2005 Euro-zone external trade surplus 4.2 6.5 deficit for EU25 The first estimate for euro-zone 1 trade with the rest of the world in March 2005 was a 4.2 billion euro surplus,
More informationFinancial Analysts Meeting. 4 th November 2010
Financial Analysts Meeting 4 th November EH world macro economic scenario -2011 World economy has registered a clear rebound World GDP rebounded by +5,8% between Q1- and Q2-. with a strong upturn of world
More informationMajor Economies Business Forum: Examining the Effectiveness of Carbon Pricing as an Approach to Emissions Mitigation
Major Economies Business Forum: Examining the Effectiveness of Carbon Pricing as an Approach to Emissions Mitigation KEY MESSAGES Carbon pricing has received a great deal of publicity recently, notably
More informationNord Pool the Nordic power exchange GROUP MARKET REPORT. TWh
November Nord Pool the Nordic power exchange GROUP MARKET REPORT Physical market Nord Pool Spot AS Turnover in the physical market in November was 26.7 (1 TWh = 1 billion KWh). This was an increase of
More informationEU Emission Trading - Better Job Second Time Around? ECEEE Summer Study La Colle sur Loup, France 5-9 June 2007
EU Emission Trading - Better Job Second Time Around? ECEEE Summer Study La Colle sur Loup, France 5-9 June 2007 Joachim Schleich Fraunhofer ISI, Karlsruhe, Germany Regina Betz CEEM, Sydney, Australia Karoline
More informationEconomic Geography of Carbon Market Trading
Economic Geography of Carbon Market Trading Eric R. W. Knight D. Phil. Candidate Department of Geography and the Environment University of Oxford 1 2 Modelling E in corporate finance REGULATED UN-REGULATED
More informationDIVERSIFICATION and the VOLATILITY RISK PREMIUM
DIVERSIFICATION and the VOLATILITY RISK PREMIUM November 9, 2017 Harin de Silva President Analytic Investors, LLC Wells Fargo Asset Management is a trade name used by the asset management businesses of
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 23.1.2008 COM(2008) 17 final 2008/0014 (COD) C6-0041/08 Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the effort of Member States
More informationNord Pool the Nordic power exchange GROUP MARKET REPORT
Nord Pool the Nordic power exchange GROUP MARKET REPORT Highlights physical markets: POWER: Volume Elbas 114.5 GWh in and YTD 345.7 GWh Volume Elspot 28.3 TWh in and 85.5 TWh YTD The exchange's market
More informationMANDATORY GREENHOUSE GAS EMISSION TRADING SCHEMES OPERATING IN AUSTRALIA, CALIFORNIA, EUROPEAN UNION AND QUÉBEC July 2013
MANDATORY GREENHOUSE GAS EMISSION TRADING SCHEMES OPERATING IN AUSTRALIA, CALIFORNIA, EUROPEAN UNION AND QUÉBEC July 2013 Jurisdiction Australia California Québec European Union Scheme name Carbon Pricing
More informationCARBON FUNDS IN 2010: INVESTMENT IN KYOTO CREDITS AND EMISSIONS REDUCTIONS
No. 23 May 2010 CARBON FUNDS IN 2010: INVESTMENT IN KYOTO CREDITS AND EMISSIONS REDUCTIONS Emilie Alberola 1 and Nicolas Stephan 2 Launched in 1999 with the creation of the World Bank s Prototype Carbon
More informationEAST AFRICAN COMMUNITY. CHALLENGES AND OPPORTUNITIES OF CLIMATE CHANGE: Post COP19 Perspective of East African Civil Society Organizations
EAST AFRICAN COMMUNITY CHALLENGES AND OPPORTUNITIES OF CLIMATE CHANGE: Post COP19 Perspective of East African Civil Society Organizations EAC Climate Change Policy Framework 5 th December 2013 Arusha,
More information