Global Carbon Markets Conference from S&P Global Commodity Insights

November 6 - Supplementary Pre-Conference Training Course and GCM Conference Welcome Reception

8:00 Supplementary pre-conference training course begins
17:00 Supplementary pre-conference training course ends
For further information on the supplementary pre-conference training course only, please click here.
17:00 Global Carbon Markets Conference Welcome Reception
Please note: Entry to the welcome reception is included as part of your conference pass

November 7 - Global Carbon Markets Conference, day 1 agenda

8:00 Registration and networking breakfast
9:00 Chair’s welcoming remarks
Opening: The rise of “carbon nationalism”
9:20 Leaders panel: Empower carbon credit host countries: The rise of “carbon nationalism”
• Examine the countries getting ready to produce article 6.4 credits
• Countries looking to sell or hold credits: Does this play in favor of carbon credits?
• Making sense of Article 6.2 at a national level: The selling, pricing, and reporting of carbon credits
Kishor Rajhansa, Chief Operating Officer, Global Carbon Council
The future of carbon markets
10:00 Panel discussion: Convergence of compliance and voluntary carbon markets at different levels
• Evolution of the VCM alongside its relationship with Country Actions Under the Paris Agreement
• Interaction of the VCM and compliance market and how this interaction will develop
• Impact of increased fungibility of carbon credits across compliance and voluntary markets
Dirk Forrister, President and CEO, IETA
Hugh Salway, Senior Director, Market Development and Partnerships, The Gold Standard Foundation
Frederic Gagnon Lebrun, Director, Climate Policy, Finance and Carbon Markets, Southpole
10:40 Fireside chat: Explore the range of scenarios around carbon markets growth
• Look back on record growth of the Carbon markets in the last 2 years
• Consider what the growth of VCM in spite of economic headwinds indicates
• Contemplate what is in store for the Carbon markets in 2024 and beyond 
• Understanding how the markets may play out and the arbitrage opportunity winners’ advantage from 
Nick Osborne, General Manager, Carbon and Environmental Products Trading, Shell
Moderator: Roman Kramarchuk, Head of Futures Outlook, S&P Global Commodity Insights
11:10 Networking & refreshment break
The ETS and other carbon mechanisms
11:40 The future of the EU ETS
• Expectations and key drivers of EU ETS pricing: Coal to gas switching and TTF Gas prices
• Review impact of carbon price volatility and implementation of Market Stability Reserve
• Expansion and inclusion of additional sectors such as maritime
Augustin Borelle, Senior Research Analyst, S&P Global Commodity Insights
12:05 Exploring transformative shifts in the EU ETS: Shipping, road transport and heating
• Inclusions of maritime and road transport and heating in EU ETS
• Expansion and inclusion of additional sectors such as maritime
• Incorporating the price of Carbon in commodities
• Introducing new EU ETS for emissions from buildings and road transport
• Utilization of revenues from auctioning emission allowances by governments
12:35 Networking lunch
13:50 Panel discussion: CORSIA: A suitable tool for international aviation?
• Assessing the carbon offsetting and reduction scheme for international aviation
Audrey Goldstein, Director, Carbon Markets Development, Standard Chartered
Energy vanguard: Spotlight on visionary leaders driving change
14:30 Not a choice of one but a blend of both: Carbon reduction and offsets
• Creating a healthy mix of decarbonization goals (particularly scope 3 emissions) with Carbon credits
• Using offsets for hard-to-reduce GHG emissions alongside direct measures
• Why Carbon markets needs to be viewed in the context of a credible sustainability plan

CBAM and its effects
14:55 Reviewing Europe’s stick approach to climate action: Is CBAM the stop sign the EU needs?
• Putting a fair price on carbon-intensive goods entering the EU
• Markets targeted by EU’s CBAM: Cement, iron, steel, aluminum, fertilizers, electricity, hydrogen
• Production in EU versus importers
• Hedging CBAM cost
Frans Stockman, Executive Director, Petrochemicals Europe
15:20 Panel discussion: CBAM, WTO ruling scenarios and the implications on international markets
• Impacts of the EU’s carbon adjustment mechanism beyond Europe
• CBAM’s impact of trade from APAC, Africa, and Middle East: Addressing rising concerns
• Social impact of CBAM and the world trading system
• In what circumstance might importers avoid being caught by CBAM?
Fabio Nehme, Director, Carbon and Environmental Commodities, Trading and Financing, Commonwealth Bank of Australia
Anne van Ysendyck, Vice President, Head of Government Affairs and Environment, ArcelorMittal
Moderator: Coralie Laurencin, Research and Analysis Director, S&P Global Commodity Insights
16:00 Networking and refreshment break
Case study on tech-based removals
16:30 Explore the science of today: Market-ready tech-based removals
• Overview of the Carbon removals markets: Carbon removal volumes and demand per year
• Challenges of scaling Direct air capture: Policy gaps, labor gaps, costs, and financing
• Carbon utilization versus storage: What is more economical, efficient?
• Hear use cases and the role of Carbon capture, utilization, and storage in the industry
Randi Skytte, Head of Development & Regulation, Orsted
16:55 EU framework for tech based removals
• Understanding the certification scheme for removals
Pascal Siegwart, VP Carbon Markets and Economy, TotalEnergies
17:20 Debate: Should we use carbon removals net-zero claims to offset residual emissions?
• Examples of how to use CDR solutions as part of a credible pathway to reach climate goals
• How to identify high-quality CDR solutions: design a CDR portfolio and source CDR solutions
• Build the framework for Carbon removals certification
• Nature versus technology-based removals: How to offer permanence and measure CO2 captured?
Esteban Mezzano, General Counsel Operation and Sustainability, Nestlé
Brian DiMirano, Managing Director, Head of Operational Sustainability, JP Morgan Chase & Co
17:50 Panel discussion: Recognizing Carbon as an asset that can be financed
• Why inflation and market weakness had no impact on low Carbon financing
• Understand green investment criteria and top opportunities: Geothermal, CO2 removal
• Impact of the Inflation Reduction Act and RePowerEU on low carbon investment
• Inclusion of climate indicators in economic models to support climate investment
Jan-Willem van de Ven, Head of International Climate Policy, EBRD
Nicolas Thevenot, Chief Banking Officer, APICORP
Moderator: Vandana Sebastien, Analyst, Price Assessments, S&P Global Commodity Insights
18:30 Networking Drinks Reception

November 8 - Global Carbon Markets Conference, day 2 agenda

8:30 Networking breakfast
9:00 Chair’s recap of day one
Scaling nature based solutions, investing in natural capital and biodiversity
9:10 Keynote: Scalable and cost-efficient conservation efforts
• Ensuring efforts contribute to net-zero and not greenwashing
• Pledges to restore protections for rainforest (Brazil)
• How demand is currently outpacing credits produced by farmers in programs 
• Raising confidence in nature using satellite imagery: Data on the health and status of forests 
• Physical risk attached to investing in nature: Data from wildfire detection tech and insurance claims  
09:35 Creating a fair and balanced representation of the market: Fact-checking 2023 statistics
• "More than 90% of rainforest Carbon offsets by biggest certifier are worthless”
• "Only a handful of rainforest projects show evidence of deforestation reductions” - What would have happened in the absence of the Redd+ activity?
• "The threat to forests had been overstated about 400% on average” - Have future forecasts been overly pessimistic in terms of baseline deforestation rates?
• Should you get credit for what you are already doing voluntarily? Where could this benefit goals?
Holly Pearen, Lead Counsel, Environmental Defense Fund
Moderator: Kanchan Yadav, Senior Pricing Specialist, Voluntary Carbon Markets, S&P Global Commodity Insights
10:00 Panel: Emerging biodiversity markets: Is it taking off and where is it headed?
• Are biodiversity markets important and why?
• Methodology challenges and how to ensure high integrity
• No offsetting? Learnings and overlap with the VCM 
• What’s the demand: a buyer’s perspective
Should you get credit for what you are already doing voluntarily? Where could this benefit goals?
Keith Bohannon, CEO, The Plan Vivo Foundation
10:40 Networking & refreshment break
Spotlight on clean cooking projects
11:20 Scale, impact and integrity: Meeting the triple challenge in clean cooking programmes
• Founding story: motivation, the problem, challenges
• Principles of new model: At scale, free distribution, exclusive rural poor focus, integrated education, sustainable funding, government partnerships
• Brief synopsis of live well milestones to date 
Euan McDougall, Group Chief Operating Officer, DelAgua
Exploring market infrastructures and how to support the scaling up of VCM
11:45 A tale of two markets: Comparing cash and futures in the voluntary Carbon market
• What is happening in cash market versus interest expressed in futures?
• Behavior in a ‘nice to have not, need to have’ market: Is this driving the price dynamic?
• The heterogenous suite of Carbon credits: A market more comparable to Oil? 
• Consider the 5 characteristics that might trade in the market and how this will be defined and endorsed? 
12:05 Panel discussion: Managing risk in whilst enabling users to trade Carbon credits on a global basis
• New technologies and market infrastructures to help scale-up of VCM and manage risk
• Frameworks and standardization to support transactions, measurements, and verification
• Tools supporting to manage risks from differentials impacting price: Understanding price methodology of carbon credits
• Building a diversified portfolio of carbon credits: What does this look like?
Jeff Swartz, Vice President Strategy, Regulatory Affairs & Partnerships, bp
Chris Webb, Global Head of Carbon Markets, HSBC
Moderator: Silvia Favasuli, Voluntary Carbon Markets, S&P Global Commodity Insights
12:45 Networking lunch

Role of ratings and Carbon principles in achieving transparency in VCM
13:45 Zoom in on Carbon principles: What guidance are standards setters providing?
• Guidance on what it means to be net zero and the actions organizations can take to reach that goal
• Holding companies accountable for their emissions reduction targets
• Aligning net zero goals to the SBTi methodology and validation processes
14:10 Panel discussion: Understand what makes a high-quality Carbon credit
• Reviewing the eight environmental integrity driving Carbon credit quality
• Due-diligence and quality assurance capability that can assess Carbon credits
• Deploying data led, standardized, and clear quality assurance processes
• Validation methods for Carbon credits: Building a reputable monitoring, reporting and verification (MRV) framework
• Consistent validation methods for Carbon credits enabling accurate and comparable measures
Dr Vicky West, Woodland Carbon Code Manager, for Scottish Forestry
Mathilde Mignot, Nature and Technology Based Solutions Director, EcoAct
Mark McDivitt, Chief Operating Officer, Context Labs
Moderator: Dana Agrotti, Low Carbon Markets Analyst, S&P Global Commodity Insights
Environmental product innovations
14:50 Other certificate markets: Where are the gaps in creating fully functioning credits?
• Innovations in environmental products: iRECS, GOs and other emerging certificates
• Should there be a hydrogen credit?
• Providing mechanisms that acknowledge industry approach to low carbon solutions even when there is no additionality
• Importance of enabling flexibility and nimbleness in the VCM
İhsan Erbil Bayçöl, CEO, Enerjisa Üretim
Bruno Brunetti, Low Carbon Analytics Manager, S&P Global Commodity Insights
15:15 Networking & refreshment break
15:45 Panel discussion: Hear from the buyers of Carbon credits
• Understand the buyer’s perception of Carbon credits
• Hear Carbon credit purchasing strategies: What is influencing decision making
• Response on buying government or voluntary certified schemes
• Working with credit rating agencies or using third parties for due diligence
• Navigating various standards and finding high-quality Carbon credits at a transparent price
Klaus Kunz, Head of ESG, Bayer
Alexis Manuel, Head of Carbon Desk, Engie
Char Love, Global Director of Advocacy, Natura & Co
Moderator: Eklavya Gupte, Editorial Lead, EMEA Energy News, S&P Global Commodity Insights
16:25 Chair’s closing remarks
16:40 End of Conference