| Sourced From |
(live-PR.com) – Following a dismal year for global carbon markets resulting from economic gloom and unsuccessful international climate negotiations at Copenhagen, attention has now turned to promotion of national and regional emissions trading schemes.
Scope
* An overview of carbon policy initiatives in the EU, the US, Australia and other developed and industrialising countries
* A review of international climate change negotiations, and
the progress expected in the near future
* Insight into which regions will dominate the future global carbon market
* Forecasts of future carbon price movements in all major emission trading schemes
Highlights
Political setbacks have delayed the implementation of cap-and-trade schemes in the US and Australia, whilst the lack of international agreement at Copenhagen has hindered national progress in several other developed countries
Carbon prices will begin to recover as developed countries slowly pull out of recession in the coming year, with growth in global carbon markets expected post-2012
Voluntary carbon markets are set to benefit greatly from pre-compliance buyers and increased corporate social responsibility concerns
Reasons to Purchase
* Establish the current level of trading in carbon allowances and assess the drivers for growth in global carbon markets
* Navigate the various political debates currently surrounding the implementation of carbon markets, at both the national and international level
* Identify the threats and opportunities that emissions trading presents to business strategy
For more information or to purchase this report, go to:
- www.fastmr.com/prod/67457_global_carbon_market_u ..
Partial Table of Contents:
Datamonitor View 1
CATALYST 1
SUMMARY 1
Table of Contents 2
Table of figures 3
Analysis 4
2009 saw the growth of global carbon markets hampered by the economic slowdown and stalled international politics 4
The Kyoto Protocol binds most developed nations to a cap-and-trade system 4
Emissions trading is an administrative approach used to control pollution by way of economic incentives 4
The past year has seen a number of setbacks that have cast doubt on the future of a global carbon market 5
The global carbon market continues to be dominated by the EU ETS 6
A number of regional cap-and-trade schemes are emerging in both developed and developing countries 7
Progress towards a global carbon market has been slow, but several nations have taken independent action 7
Following a poor 2009, growth is expected to return to the global carbon market in 2010 8
Regional and national carbon trading schemes will make up the majority of the global carbon market for the foreseeable future 8
Several quantitative and/or qualitative restrictions will hinder the progress towards a truly global carbon market 9
Five key issues need to be considered, acknowledged and resolved before carbon markets worldwide can be linked effectively 11
The Climate Change Conference in Copenhagen failed to deliver the meaningful negotiated outcome the world was hoping for 11
The Copenhagen Accord left many key structural challenges unresolved 12
COP16 is likely to deliver little more than an operational architecture, with a binding treaty remaining out of reach for 2010 13
Carbon prices will begin to recover as developed countries slowly pull out of recession in the coming year, with growth in global carbon markets expected post-2012 14
Carbon prices are determined by a range of region-specific demand and supply factors 14
In the long run, energy prices and carbon prices will rise in tandem due to increased energy demand from industrializing countries 15
Following economic recovery, Datamonitor expects upward pressure on carbon prices due to increased industrial production 16
Although desirable, the success of global negotiations is not vital to the construction of carbon markets 17
Considerably higher European carbon prices are expected post-2012 as the EU ETS experiences tighter caps and increased coverage in its third phase 19
The EU ETS is the leading emissions trading system 19
The planned expansion of Phase III brings an estimated additional 100MtCo2e within the scope of the EU ETS 20
GHG emissions under the EU ETS fell by 11.2% in 2009, reflecting the severity of the global economic downturn 20
In 2009, the biggest drops in emissions were seen in the iron and steel industry, and the brick and ceramic industry 21
Emissions and industrial production in the EU are expected to recover steadily over the next five years, raising carbon prices 22
Sentiment bounce: failed Copenhagen talks have affected EU carbon prices, but fundamentals will quickly regain the upper hand 23
No changes on the exchanges: the ECX continues to lead the standardized market for EU emissions trading 24
Upside risks could be introduced into current abatement targets, causing more upward pressure on demand and pricing 25
The UK’s CRC has brought in a new ETS to capture those organizations that fall outside the realm of the EU ETS 25
Growth in the EU ETS will remain sluggish as the region pulls out of recession, while the lack of a global agreement weighs on the market 26
Offset markets continue to be plagued by post-2012 policy uncertainty 28
Failed Copenhagen talks coupled with the pre-existing limitations of the CDM are causing jitters in the market for carbon offsets 28
The lack of regulatory certainty post-2012 will constrain CDM financing to the severe detriment of new offset projects post-2010 29
Uncertainty regarding international climate change policy post-2012 plagues the CDM market 29
Without a successor to Kyoto, CER could become a two tier commodity market made up of pre- and post-2013 CDM projects 30
The JI market remains small and risk-prone compared to the more mature CDM market 31
Full Table of Contents is available at:
– www.fastmr.com/catalog/product.aspx?productid=67 ..
About Datamonitor
The Datamonitor Group is a world-leading provider of premium global business information, delivering independent data, analysis and opinion across the Automotive, Consumer Markets, Energy & Utilities, Financial Services, Logistics & Express, Pharmaceutical & Healthcare, Retail, Technology and Telecoms industries. Datamonitor’s market intelligence products and services ensure that you will achieve your desired commercial goals by giving you the insight you need to best respond to your competitive environment. View more research from Datamonitor at www.fastmr.com/catalog/publishers.aspx?pubid=100 ..
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world’s top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.
Related posts:
- Press Release: Research and Markets: The Global Carbon Trading Market: Concepts, Regulations and Industry Trends to 2020
- Press Release: Carbon markets not likely to keep global warming in check
- Research and Markets: The Global Carbon Trading Market: Concepts, Regulations and Industry Trends to 2020
- Press Release: Recent Study: The US Federal Emissions System to Drive the Global Carbon Market
- Survey cements global carbon market slump