1 / 9

The Carbon Market Dakar 12 February 2008 Edwin Aalders Director

The Carbon Market Dakar 12 February 2008 Edwin Aalders Director International Emissions Trading Association. Global Market. EU ETS Second year to be completed at the end of the month Effects of price drop in May 2006 First phase: around 1.5 Euro Second phase: around 20 Euro

latham
Download Presentation

The Carbon Market Dakar 12 February 2008 Edwin Aalders Director

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Carbon Market Dakar 12 February 2008 Edwin Aalders Director International Emissions Trading Association

  2. Global Market • EU ETS • Second year to be completed at the end of the month • Effects of price drop in May 2006 • First phase: around 1.5 Euro • Second phase: around 20 Euro • Publication of Phase II NAPs • EU ETS review • EU Commitment to Climate Change

  3. Global Market • CDM • Initial pricing based on Phase I EU ETS now more on its own/Phase II of EU ETS • Image & Concerns in relation to HFC23 projects • JI • Effect of the enlargement of the EU ETS • First project presented for approval by the JISC - possible approval on 26 March 2007. • Accreditation of IEs

  4. Market value (€ bn) Market value per year: €10 bn 2005 €22.5 bn 2006 €15.8 bn H1 2007 €95 bn est 2010 Excludes additional project finance leveraged

  5. Global Market • US state initiatives • CCX – Chicago Climate Exchange • Reach: US, Canada, Mexico, Brazil • Voluntary Exchange • RGGI – Regional Greenhouse Gas Initiative • Reach: 7 Northeast and Mid-Atlantic states • 10% reduction from 1990 level by 2017 • CCAR – California Climate Action Registry • Reach: California, but encourages country-wide reporting • Voluntary reporting initiative

  6. Top 3 preferred project types by buyers • Renewable Energy • Land Fill • Industrial gases Renewable energy considered to be good investment and high public relation value • Compliance Market • Voluntary Market

  7. CDM Project performance • General under performance by 7% • N2O 23% • HFC - 1% • Biogas -20% • Geothermal -67% • Hydro -10% • Landfill gas -63% • Wind -24% • Agriculture -55% UNEP Risø Centre 01-02-08

  8. For more information International Emissions Trading Association www.ieta.org Edwin Aalders aalders@ieta.org CARBON EXPO 7 – 9 May 2008 www.carbonexpo.com

More Related