Download Diapozitivul 1 - Carbon Expert

The International Voluntary CO2 Market
Current State and Prospects for the Future
Casiana Fometescu
Consultant Carbon Expert
Romania
www.carbonexpert.eu
Contents
 Volumes and Average Prices
 Forestry Market
 Major Players
 Project Types
 Long Term Tendencies & Predictions
Transactions Volumes 2008 - 2013
AVERAGE PRICE
The Forestry Market
 17% Volume Increase in 2013 (agriculture, REDD,
land-use)
 Total Volume in 2013: 32.7 MtCo2
 Average REDD offset price: $ 4.2 tCO2
 Beyond carbon benefits (jobs, investments in
infrastructures, education, health)
 Latin America – top projects supplier
Major Players
- Buyers
- Sellers
- Standard Organizations
What stands for these acronyms?
 GS – Gold Standard
 VCS – Verified Carbon Standard
 CAR – Climate Action Reserve
 ACR – American Carbon Standard
 CCB – Climate, Community and Biodiversity
Standard
 SC – Social Carbon
Retirements by Standard Organization
Market Shares
Who are the Sellers?
•
•
•
•
Project Developers
Retailers
Brokers
Government
Transacted Volumes by Seller Types
Who are the Buyers?
 Offset credit retailers
 Governments
 Energy utilities
 Multinational companies
 Other sectors (finance, transport, food,
events etc.)
BUYER SECTORS
Buyers Motivations
 Balance between profit – climate driven
 CSR – corporate social responsibility
 Leadership in Industry
 Production Chain Sustainability
 Marketing and image
Europe – the Main Buyer
Why Europe as the main buyer?
 The European Union is the main promoter for CO2
emissions reductions
 The EU ETS is the main pillar of the climate change
regulated policy in Europe
 Much awareness among companies and people
 3 European countries currently have “voluntary” legislation:
Germany, France, the Netherlands
 Pilot projects to be extended at the whole EU
 Romania’s case
Project Types
Average Price by Project Type
Tendencies on Long Term:
 Standards collaboration – shared expertise
 Collective management of the projects
 Less profit
 More climate change driven motivations
 Co-benefits beyond carbon
Tendencies on Long Term
 Rise of CSR in companies/corporations
 Zero CO2 or emissions – brand for companies
 Shift of the voluntary market to regulated
market. Ex. California, predicted for the EU
 New buyer sector: Government & Public
Institutions
 Rise of End-buyers: individuals
Predictions for the future
 Most estimations see a long term price increase
together with increase in trading volumes
 Market value predicted for 2020: 1.8 billion USD (based
on historical average price $5.9 tCo2)
 Volume estimated to 300 MtCO2e in 2020
 Reduced projects’ pipeline in the next 5 yeas
Future Trends
Thank you for your attention and
take a lead into your industry!
Casiana Fometescu
CO2 Consultant, Carbon Expert
[email protected]
Skype: casianairina
www.carbonexpert.eu