Carbon Expo May 2013 - the PMR...Primary CER post-2012 Primary CER pre-2013 EU Allowances Steady...
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Carbon Expo Barcelona May 2013
Transcript of Carbon Expo May 2013 - the PMR...Primary CER post-2012 Primary CER pre-2013 EU Allowances Steady...
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Carbon Expo
Barcelona
May 2013
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$0
$60
$120
$180
2005 2006 2007 2008 2009 2010 2011
Other project-based
Other allowances
Secondary CER
Primary CER post-2012
Primary CER pre-2013
EU Allowances
Steady increase of global market value
135
176
11
31
63
(in Billion US$)
144
159
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Historic low EUA and CER prices responding to macro-economic fundamentals
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Supply of international credits outstrips demand
* EU-27, Iceland, Liechtenstein, Norway and Switzerland
** Only covers supply of Kyoto credits
3.3 Gt in 2012 … 1.9 Gt early ‘13 …
1.5 Gt today … ???
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Carbon initiatives are developing faster than ever
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New schemes with growing GHG coverage
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Carbon tax implemented or scheduled for implementation
ETS implemented or scheduled for implementation
ETS and carbon tax
ETS under consideration
Considering similar approaches: over 60 jurisdictions emitting 24 GtCO2e/y (half of global emissions)
Over 20% of global emitters with carbon pricing initiatives implemented or scheduled
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Carbon Expo
Barcelona
May 2013
Thank you!!
Alexandre Kossoy www.carbonfinance.org
http://www.carbonfinance.org/mailto:[email protected]
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One size does not fit all
Price stabilisation?
No
Upper price
Upper and lower price
No
Upper price
Upper price
Upper and lower price
Fixed price
No explicit
