24 May 2013
The World Bank and IETA release annual reports on the carbon market at Carbon Expo
Barcelona, May 24, 2013 ¿ During Carbon Expo 2013, the World Bank and the International Emissions Trading Association (IETA) will present reports on the current status of global carbon markets. Both documents will be launched on Wednesday, May 29, the first day of the conference. Also on the first day, Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), will make opening remarks at the plenary, discussing the role of the private sector and market-based mechanisms in addressing climate change.
The World Bank's 2013 Mapping Carbon Pricing Initiatives - Developments and Prospects report maps existing and emerging carbon pricing initiatives around the world and possible future scenarios.
Greenhouse gas emissions in developed countries have been decreasing since 2009, alongside an economic downturn and financial crisis. Since then, forecasts indicate that the Kyoto and European carbon markets are oversupplied. The absence of tangible long-term solutions post-2013 have led carbon prices to reach historic lows this year. Meanwhile, several domestic carbon market initiatives are on the table, with the main objectives of getting the right price on carbon and stimulating climate-smart financial flows.
"While existing markets face structural issues, it is remarkable that new regional, national, and sub-national initiatives are moving faster than ever, in both developed and developing economies", says Alexandre Kossoy, Senior Financial Specialist at the World Bank and Team Leader of the report.
IETA Carbon Market Sentiment Report
The 8th IETA Market Sentiment report will assess the views of professionals involved in carbon markets around the world.
"A lot has happened in the market since the 2012 survey: Australia and California have launched carbon pricing programs, and the Green Climate Fund's Board began organizing its work. More recently, the European Union began to grapple with the tough issues around reforms of the EU emissions trading scheme", says Dirk Forrister, president and CEO of IETA. "Our report will provide insights on how market interest is changing in response to these developments".
This report will present survey results from the IETA membership, which includes a wide range of sectors active in carbon markets. The results will highlight areas of concern - as well as opportunities for future growth. It will also help to identify priority areas for focusing future work in improving carbon market performance ¿ and enhancing its role in meeting climate change goals.
Together with IETA, Ecosystem Marketplace will release the executive summary of the "2013 State of the Voluntary Carbon Markets Report". This year's edition builds on a record data collection from an unprecedented number of offset suppliers worldwide to provide insights that will once again become an industry benchmark. How did voluntary demand for offsets compare to regulated demand in the markets' toughest year yet? What were the defining features and motivations of the biggest voluntary buyers? How did the most "charismatic" projects fare in 2012 - compared to the markets' more traditional technologies? In answering these questions, the report will provide a valuable base of knowledge on voluntary carbon market trends.
More than 200 speakers and 2,400 participants
Carbon Expo, the leading conference on carbon finance and market trends, will bring together more than 200 speakers and close to 2,400 participants from around the world to discuss and debate the latest in climate and carbon finance. With 25 Interactive Workshops, 9 High level Plenaries and 2 Special Lunch Dialogues, the conference has positioned as the must-attend event for all players intervening in the fight against climate change. Carbon Expo offers a 3 days program comprehensively grouped into three streams: Policy, Climate Finance and Clean Energy & Clean Tech.
Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) will be among key panelists. Figueres will offer a press conference on the opening day of Carbon Expo where she will assess the role of the private sector and market-based mechanisms in addressing climate change.
Besides the official program, Carbon Expo also offers several Side Events that will feature updates on the carbon markets latest products and services, including presentations, industry case studies, discussions and networking sessions in an interactive framework. These events will be opened to all visitors.
- The World Bank's 2013 Mapping Carbon Pricing Initiatives report and IETA Carbon Market Sentiment report will be presented on Wednesday May 29 in the Carbon Expo Press Conference Room (9:00-9:45 am., in Room 4, Level 2, Hall 5) and in the Opening Plenary "State & Trends: Mapping Carbon Pricing Initiatives Around the World" (11:15am -12:45pm, in Room 7, Level 5, Hall 5). Address: Rius i Taulet Avenue, Barcelona.
- The press conference with Christiana Figueres will take place on Wednesday May 29 (11.30am, in Room 4, Level 2, Hall 5).
- 2013 State of the Voluntary Carbon Markets Report will be released on Thursday May 30 at the Ecosystem Marketplace and IETA Side Event session (10:30-11:30am, in Room 11, Level 0, Hall 5).
Press registration is available at http://www.carbonexpo.com/en/press-registration
For detailed information and agenda, please see www.carbonexpo.com
For images, please see http://www.carbonexpo.com/en/image-database