Sustainable Finance: What role do carbon markets play in tackling climate change?

To be held on Tuesday, October 22, at LIBF


Speakers

  • Mark Lewis (BNP Paribas)

  • Rachel Ward (IIGCC)

  • Julia Elmgrem (Gazprom)


Agenda

 

This is the first in a series of events on sustainable finance that the CSFI is organising with the London Institute of Banking and Finance. It will focus on attempts to control the biggest contributor to the “greenhouse gas” effect – carbon dioxide.

Trading in permits to emit CO2 started following the Kyoto Protocol in 1997. In the early years, the price – each carbon “credit” allows one tonne on CO2 to be emitted – struggled because too many credits were available. But between 2013 and July this year the price rose from about €5 to €30. In September IHS Markit, the data provider, created a global carbon index.

Now the carbon markets can be seen not only as an incentive for companies to reduce emissions but also as a bellwether of increasing investor interest in climate change. This comes against a background of tightening regulation as policy-makers – egged on by the likes of Greta Thunberg – set their sights on carbon neutrality.

To help us understand both the carbon markets and the climate change issue they are designed to address, we have brought together a distinguished panel, including:

  • Mark Lewis, head of sustainability research at BNP Paribas Asset Management, and previously in senior roles at Barclays and Deutsche Bank. Mark is a member of the FSB’s Task Force on Climate-related Financial Disclosures.

  • Rachel Ward, head of policy at the Institutional Investors Group on Climate Change, engaging with decision-makers in Brussels and globally. Previously she was a UK civil servant, working on climate, transport, energy and environmental policy-making.

  • Julia Elmgren, a carbon trader at Gazprom, where she has worked for more than 11 years in roles that include business development and portfolio valuation. She is also an expert on UK power assets and in managing clean energy projects.

We also expect to have a senior executive from the UK Government’s global carbon markets team, part of the Department for Business, Energy & Industrial Strategy, on the panel.

Lots to talk about. If you (or a colleague) would like to join us, please let us know by emailing alex@csfi.org or by calling the Centre on 020 7621 1056. We will begin sharp at 6.30pm, but there will be tea and coffee from 6pm – and drinks afterwards.

Many thanks,

Andrew Hilton
Director
CSFI