PROGRESSING ASIA’S CARBON MARKETS
In 2012, Asia is upping the ante on carbon trading and carbon abatement programs with a slew of emissions trading schemes being developed in countries like Australia, China, Thailand, India, Indonesia, Japan, New Zealand, South Korea and Taiwan. Also, more and more countries are trying to link up their emission trading schemes as the recently announced linkage between Australia and the EU clearly demonstrates.
In the midst of the renewed programs in Asia’s carbon markets, CARBON FORUM ASIA 2012 will once again bring together representatives from more than 50 countries in a key industry gathering to be staged from October 30th to 31st at the Centara Grand & Bangkok Convention Centre at CentralWorld in Bangkok, Thailand. Returning for its 7th edition with an even more comprehensive trade fair, CARBON FORUM ASIA 2012, the leading Trade Fair and Conference in Asia is expecting to welcome some 1000 international participants over the two days.
“The increased interest in being part of CARBON FORUM ASIA demonstrates the countries’ commitment towards reducing carbon emissions in the region,” said Dirk Forrister, President and CEO of the International Emissions Trading Association (IETA).
“Today, more Asian companies and Governments are taking a serious look at energy efficiency and low carbon technology, while working towards strengthening their investment and financing policies to combat climate change and deal with its impacts. CARBON FORUM ASIA is the place where leading experts establish the trends and policies that will define the climate change agenda for Asia and beyond “.
While Australia is set to link its carbon market with the EU in 2015, and New Zealand is pushing ahead with reforming its carbon trading scheme, India has introduced its own trading platform with a focus on energy efficiency in addition to carbon emissions. China is gearing up to pilot emissions trading schemes in 5 cities and 2 provinces in the next 24 months – with plans to have a nationwide scheme in place by the end of 2015. The Korean Parliament passed a bill earlier this year that will establish a carbon market by 2020. The trend towards putting a price on carbon is encouraging and demonstrates Asia’s commitment towards the low-carbon agenda.
“We are witnessing new waves – the first is in Asian emerging markets, in particular, China and India, where new pilot carbon projects are being launched. And the second is in Climate Finance, an area in which banks in Asian countries in addition to multilateral and bilateral banks have started to look into,“ said Takashi Hongo, Carbon Forum Asia 2012 Advisory Panel member and Senior Fellow of Mitsui Global Strategic Studies Institute.
CARBON FORUM ASIA 2012 will showcase carbon market business opportunities from developing countries in the region. This year ADB will invite experts and project developers from over 12 developing countries to contribute to the Forum and showcase their projects, covering a range of sectors including renewable energy, transport, environment and waste management.
“CARBON FORUM ASIA is the premier platform in the Asia-Pacific region to share knowledge and identify business opportunities in the evolving carbon market. ADB is proud to be a sponsor of Carbon Market Asia from its inaugural event in 2006, which helps its developing member countries in enhancing their participation in carbon market through knowledge and experience sharing with other frontier carbon market players,” said Gil-Hong Kim, Director of Sustainable Infrastructure Division, Regional and Sustainable Development Department, Asian Development Bank.
At this year’s CFA, the Thailand Greenhouse Gas Management Organization (Public Organization), TGO, and the Overseas Environmental Cooperation Center, OECC, Japan will showcase their initiatives and capabilities in the carbon market with a strong presence.
Proudly hosted by the Thailand Greenhouse Gas Management Organization (Public Organization), the Thai pavilion aims to connect local project developers and governments with the international participants of CFA and create a platform to exchange ideas and latest developments in the carbon market arena. TGO is an autonomous governmental organization with a specific purpose as an implementing agency on GHG emission reduction, carbon business and particularly performs its role as the Designated National Authority for CDM (DNA-CDM) office in Thailand.
To complement the current mechanisms such as the CDM, Japan is promoting an offset crediting scheme through bilateral agreements with developing countries as a post-2012 mechanism. The Overseas Environmental Cooperation Center, Japan (OECC), a non-governmental and non-profit organization founded in Tokyo, Japan, currently puts its highest interest on climate change related subjects and is providing technical support to developing countries in elaborating national and/or local action plan on climate change mitigation and adaptation. OECC, with the
support of the Ministry of the Environment, Government of Japan is hosting a Japan Pavilion on this year’s Trade Fair floor, bringing together with the Institute for Global Environment Strategies (IGES), Certification Center on Climate Change and Japan (4CJ).
Complementing the showcase of the latest initiatives and technologies in carbon emission reduction, this year’s Conference program will present a series of high-level plenary sessions and in-depth discussions covering the entire Carbon Market value chain, from flexible mechanisms, policy and market initiatives, to investments and technologies. Some of the issues that will be addressed and discussed include:
• The state and trends of the global carbon market and the implications for the Asia Pacific region
• New Market Mechanisms – An overview of the post 2012 emissions
• Voluntary offsetting in the Asia Pacific Region. How to create demand and maintain quality and consistency in emerging markets
• China’s domestic carbon markets – An overview of China’s pilot emissions
• The Australian and New Zealand carbon markets and clean energy regulations – Opportunities and challenges down under
• Energy efficiency and low carbon investments – Predicting a stable road for Asia’s energy future
More than 30 sessions will be presented by over 100 international experts in the carbon market, including:
• Duan Maosheng, CDM Executive Board Chair
• Xueman Wang, Team Leader, Partnership for Market Readiness (PMR), World Bank
• Trevor Sikorski, Director and Head of European Energy and Environmental Markets Research, Barclays Capital
• Christine Fedigan, Senior Corporate Advisor Climate, GDF Suez
• Tanya Morrison, International Government Relations Manager for Energy and Climate, Shell
• Takashi Hongo, Senior Fellow, Mitsui Global Strategic Studies Institute
• Chaiwat Muncharoen, Deputy Executive Director, Thailand Greenhouse Gas Management Organization (Public Organization)
“Increasingly the world is looking to Asia and how its policies will move the global emissions trading market. Across the region, governments, from Australia to Thailand and China to Japan, are putting in place initiatives to reduce their carbon footprint and bring about more sustainable development. Carbon Forum Asia is the leading regional platform for players and policymakers to keep updated on the efforts of governments in the region and how these fit into the global climate change agenda,” said Michael Dreyer, Managing Director Asia Pacific, Koelnmesse.
“As a government agency operating directly under the Prime Minister’s Office, TCEB is responsible for promoting meetings, incentives, conventions, and exhibitions where exhibitions play a vital role in the country’s economy and industry development. Carbon Forum Asia 2012 is another success story for TCEB in meeting its national agenda in attracting shows addressing energy security. Carbon Forum Asia offers the Asian and global carbon, energy and financial community a unique opportunity to network, develop new business opportunities and stay updated on the most
current issues and trends. We have pro-actively been a consultant and partner to the organizers Koelnmesse and IETA, rendering our full support consisting of market study, introductions to the public and private sectors and a buyer’s appreciation program to ensure the success of Carbon Forum Asia 2012,” said Mrs Supawan Teerarat, Exhibition Director of TCEB.
Since its inception, Carbon Forum Asia has attracted over 7,000 delegates and 750 exhibitors from over 65 countries, earning the recognition of being The Leading Carbon, Energy & Financial Platform for Asia Pacific and the Pacific Rim.
For more information, please visit CARBON FORUM ASIA: www.carbonforumasia.com
Jointly organized by the International Emissions Trading Association (IETA) and Koelnmesse, the 7th edition of Carbon Forum Asia, a 2 day Carbon Market Conference and Trade Fair, will be staged in Bangkok from the 30 – 31 October 2012 at the Centara Grand & Bangkok Convention Centre at CentralWorld. The event is organized in partnership with the Asian Development Bank, hosted by the Thailand Greenhouse Gas Management Organization (Public Organization) and supported by the Thailand Convention and Exhibition Bureau.
Members of the Advisory Panel of Carbon Forum Asia 2012 include industry experts from companies and institutions such as the Asian Development Bank, LRQA, International Emissions Trading Association (IETA), Overseas Environmental Cooperation Center, Japan (OECC), Thailand Greenhouse Gas Management Organization (Public Organization) and Mitsui Global Strategic Studies Institute