Professional Development
Focus-Abengoa Forum on Energy and Climate Change
Carbon Markets
The carbon market has witnessed unprecedented growth during recent years and the sale of certified carbon dioxide and pollution credits is anticipated to have reached US$60 billion in 2007. It is therefore unsurprising, given this level of trading, that financial market personnel are increasingly seeking to work within this market.
However, the carbon world is complex and poses a new range of challenges. Currently, political organisations, national governments and the United Nations hold responsibility for verifying the carbon quota, credit entitlements and creating carbon policies within an environment where the science and economics of carbon management are continually evolving.
All factors which leave the markets at risk of uncertainty and pricing volatility.
One of the most trusted and respected names in the carbon industry, the International Emissions Trading Association, (IETA) and Focus-Abengoa, a well known foundation with a strong commitment to combating climate change, have combined to establish the comprehensive training event for those wishing to engage with assurance within the carbon markets.
The training event will enable delegates to:
- Understand the CDM/JI and the attendant risks and opportunities
- Evaluate the impacts of the carbon markets on hedge funds and private equity provision
- Understand the principles of "cap and trade" programmes
- Evaluate project deliverables
- Evaluate International Carbon Standards and auditing thereof
- Assess the Legal and political implications of the carbon markets and
- Understand carbon in the Supply Chain
The inaugural residential training event will take place in Seville, Spain from October 6th 2008 until October 17th 2008 and will equip those involved within the carbon markets with the skills, knowledge and awareness needed to trade effectively and profitably, provide extensive networking opportunities and promote counter Climate Change measures.
To be ZeroEmission
The IETA/Focus-Abengoa Carbon Market Training initiative will be a 'Carbon Neutral' event in which we will calculate and offset the CO2 emissions generated as a result of the hosting of the initiative.
In order to ensure the accurate measurement of the CO2 generated we will ask you to provide some basic information about your participation in the Carbon Market Training, for example, your country of origin and means of transport. This information will enable us to evaluate the carbon footprint of the event. With your own 'carbon account' comes the opportunity to positively contribute to this initiative and by means of a small contribution, to voluntarily compensate for your emissions.
Carbon offsetting services will be made by Zeroemissions, an Abengoa company. Zeroemissions is formed by specialists in carbon markets who bring global solutions to Climate Change, developing their activities in the promotion of emission reduction projects CDM/JI, management of carbon investment and certification of services.
The carbon offset mechanism is very simple involving the identification of the level CO2 generated by the initiative and the compensation of this by supporting projects that significantly avoid or decrease greenhouse gas effects. The projects primarily use renewable energies or forestation and are located in places with special developmental needs.
Full details of the programme and registration will be available shortly.
