Webinar

Askbnef: Global Carbon Markets: Things to Watch in 2023

Carbon markets have grown strongly in size to reach a record $851bn of traded value in 2021. Lawmakers and companies are utilizing carbon prices to direct the energy transition and cut emissions. Close to a fifth of global emissions now fall under a so-called compliance-based carbon market, in which entities must purchase or trade allowances to cover the emissions they produce.

Despite carbon market’s recent rise in popularity, some headwinds have emerged. The war in Ukraine has taken a toll on prices in Europe. Meanwhile, both supply and demand fell in the voluntary carbon offset market in 2022.
Can the steps taken to improve standardization and liquidity brighten the prospects of the carbon offset markets? How far will compliance markets be strengthened as governments balance ambitious climate targets with energy security and cost concerns?

Join Ashish Sethia, Global Head of Commodities, Energy and Environmental Markets at BNEF, Bo Qin, Lead Carbon Analyst and Kyle Harrison, Head of Sustainability Research as they explore the past, present and future of the global carbon markets.

Speakers

Ashish Sethia

Global Head of Commodities, Energy & Environmental Markets

BloombergNEF

Based out of Houston, Ashish leads a global group of energy, commodities and technology sector experts analyzing net-zero emissions pathways. He works extensively with CXOs & policy makers to decipher the inter-dependencies between various components of the energy transition, to facilitate strategic decision-making. His team analyses asset valuations and investments, financing and contractual structures, technology evolution, policy developments and demand-supply drivers in power, natural gas & LNG, oil & petrochemicals, metals & mining and carbon markets. In his previous role at BloombergNEF in Singapore, he was the Head of Asia Pacific Research where he also analyzed and advised on clean energy, battery storage, sustainable finance and mobility sectors. Over the years Ashish has spoken at leading forums such as the World Future Energy Summit, World Energy Leader’s Summit and the Clean Energy Ministerial, hosted dialogues with G-20 ministers and given inputs to the works of the World Economic Forum and the World Energy Council. He has also shared his views at the London Stock Exchange, the White House executive office and at leading educational institutions. Ashish is quoted extensively by media organizations like Bloomberg TV, The Guardian, Sky News and Economic Times. Prior to joining Bloomberg, he led digital technology, capital budgeting and business process re-engineering projects across the world at European and Indian business consulting and technology firms. Ashish started his career at one of India’s largest private sector power companies where he was in charge of commercial operations and smart grid deployment. An alumnus of the Indian Institute of Technology (IIT) Kanpur, he has a first class degree in Engineering and a MBA in Finance and Strategy.

Bo Qin

Lead Analyst, EU Carbon

BLOOMBERG L.P.

Bo Qin is the Lead Carbon Analyst at BloombergNEF (BNEF), a strategic research provider covering low-carbon technologies and business model transitions. Her research focuses on carbon policy development and price forecasting with an emphasis on European markets. Bo and her team support energy companies, technology and manufacturing companies, financial institutions and policymakers navigating the transition towards a cleaner future. She joined Bloomberg in 2015 and has previously led BNEF’s European utility strategy research. She holds a BA in Accounting and MSc in International Business Management from Aalto University.

Kyle Harrison

Head of Sustainability Research

BloombergNEF

Kyle leads BNEF’s sustainability research team, which publishes content on the private sector's transition to the low-carbon economy. The team focuses on core areas like environmental, social and governance (ESG) reporting, target-setting, low-carbon pathways and sustainable finance. Kyle specializes in corporate clean energy procurement, net-zero targets and voluntary carbon offsets.

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