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CER-Climate Change Update:Carbon trade lessons
Published on: March 07, 2010 at 11:15
Commodity Online
For all those keen on learning more about how carbon markets will evolve post Copenhagen may get some clarity and insights into the issue at the The Carbon Markets 2010 to be held from 6-7 May at Singapore. It will address the key issues influencing the global carbon market place, its effects on carbon trade and CDM.

Despite uncertainties, carbon management is rapidly emerging as a global business as the world struggles to tackle climate change and global warming. The need for clarity is pressing, as businesses around the world, from cement to energy to steel are increasingly involved with carbon trading and governments are pledging their commitment through developments of national policies.

Top executive Aimie Parpia, Head of Global Kyoto Carbon Markets at Bloomberg New Energy Finance will be presenting a session on, "Quantifying Post Copenhagen - Price Forecasting to 2020", touching on CDM reform and CER price forecasting to 2020. Ms. Parpia is also expected to provide a scenario based analysis of the global carbon market dynamics.

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BNP Paribas' Director of the Carbon Team, Jean-Christopher Bougle will address the outlook for the carbon market beyond 2012 in his "Beyond 2012 - Future of the Carbon Markets" session. In his speech, Mr. Bougle will provide details on the size of the carbon market, how much it is expected to grow, hedging price, regulatory risks, the evolution of carbon funds, and latest regulatory trends for cap & trade and carbon tax.

Other experts from First Climate, Baker & McKenzie, The Energy & Resources Institute (TERI), CDM Project Management Center, Clayton Utz, Environmental Resources Management (ERM), New Forests Asia, Mensilin Holdings Sdn Bhd, Parhelion Underwriting Ltd., Asia Renewables Pte Ltd and more will also be speaking at the conference addressing:

-Influence of US participation on global carbon market dynamics.
-New trends and policies in India & China to drive the CER & CDM markets.
-Opportunities for Asian Businesses in the Australian Emissions Cap and Trade System.
-How to create bankable CDM projects and capitalize on carbon finance and funds.
-Risk management in carbon investments and insurance based solutions
-Developer's viewpoint on eligibility & criteria to qualify CDM projects post COP15.
-REDD and bio banking and their impact on forestry investments.

Put together as an industry forum to discuss the Post-Copenhagen scenario, and as a platform for buyers and sellers to clinch deals, CMT's Carbon Markets 2010 conference will provide the necessary insights to safeguard existing carbon ventures and embark on new ventures, according to a press release.

Global Warming and Coffee Production.
Coffee producers who met at Guatemala city last week to discuss global warming's effect on coffee growing pointed out that they are getting hammered by its impact, with higher temperatures forcing growers t move to coller, and more prized ground, putting thier cash crop at risk, AFP reported.

Some 1,000 delegates from 77 countries are meeting for three days to examine how changing weather patterns will affect production over the next five years.
Nestor Osorio, Head of the International Coffee Organization representing countries that export or import the beans said there is already significant evidence of impact of global warming in coffee producing nations with temperature rising half a degree in coffee producing countires in the past 25 years.

Qatar Airways and Biofuel
Australian carrier Qatar Airways announced plans to develop a biofuel for commercial jet operations in an effort to reduce its carbon footprint.Qatar Airways announced plans with Qatar Petroleum and Qatar Science and Technology to develop a sustainable biofuel product for its commercial fleet, The Hindu reports.

The carrier in October had a successful test flight of a jet using a synthetic gas-to-liquid fuel blend. Qatar Airways operates daily flights from Nairobi and Dar es Salaam to Doha with connections to more than 80 airports. The airline also has two freighter services every week between Nairobi and Doha.

The airline could become the first commercial airline in the world to operate flights using gas-to-liquids kerosene fuel. The technology is seen as more environmentally friendly. Commercial air travel accounts for 3 percent of the world's greenhouse gas emissions. The International Air Transport Association also announced plans to cut emissions by 50 percent of 2005 levels within 40 years.

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The situation is only getting worse. In the first quarter of the new fiscal year, and at the end of 2010, the Treasury will have to bring to auction at least $730 billion in new debt obligations. This new money will have to come from internal sources, either through additional taxation to relieve at least some burden or inflation to erase any and all of the excess.
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