08.00 Registration and coffee
09.00 Welcome to Carbon Forward
Louis Redshaw, Co-founder, Carbon Forward & CEO and Founder, Redshaw Advisors and Net Zero Markets
Mike Szabo, Co-founder, Carbon Forward & Director and Co-founder, Carbon Pulse
09.30 Global Carbon Markets – A focus on Turkiye followed by Africa and MENA
- How are different regions, or countries, approaching ETS development. To what extent are they similar to that of the EU, or reflect a response to CBAM? What are the clear drivers in particular regions behind exploring new forms of carbon pricing?
Moderator
Lewis Stevens, Senior Carbon Market Expert, ICAP
Presenter
Eyup Kaan Morali, Head of Carbon Pricing Department, Directorate of Climate Change, Ministry of Environment, Urbanisation and Climate Change, Turkiye
Peris Waweru, Junior Consultant, Perspectives Climate Group
10.15 The details from down under – Australia & New Zealand
- Australia: Compliance entity behaviour and the Safeguard Mechanism – how will the Australian market respond to the upcoming surrender period and what will happen to the ACCU prices? What effect will the Carbon Abatement Contract exit window have on prices as well as supply dynamics?
- New Zealand: Under the new government how is the Emissions Trading Scheme and the Emissions Reduction Plan 2 going to address longer term issues in the ETS and broader climate policy? What are some of the key structural issues that need addressing to stabilise the market, what role for example will forestry play?
Moderator
Lewis Stevens, Senior Carbon Market Expert, ICAP
Panellists
Ollie Batelier-Belton, Managing Director, Carbon Forest Services
Raphael Wood, Principal at Market Advisory Group, Aurecon
10.45 Coffee & networking break
11.15 Exploring Asian carbon markets
- How is regulation dictating the types of credits that can be exported? A focus on India, Indonesia, and Malaysia.
- Singapore is among the leading buyer countries in terms of setting up bilateral Article 6 agreements, how have they done this?
Moderator
Lewis Stevens, Senior Carbon Market Expert, ICAP
Panellists:
Riza Suarga, Chairman, Indonesian Carbon Trading Association
Peter Zaman, Partner, HFW
11.45 Navigating North America’s carbon markets
- A review of the continent’s cap-and-trade schemes and carbon pricing regimes. WCI and RGGI are undergoing major reforms, while Washington state’s ETS and Canada’s carbon tax could be voted out.
Moderator
Lewis Stevens, Senior Carbon Market Expert, ICAP
Panellists
Ben Lee, Senior Carbon Analyst, Energy Aspects
Luke Sideropoulos, Compliance Carbon Analyst, Veyt
12.15 INVESTOR PANEL PART I – investment portfolio risk stemming from of global carbon pricing regimes
- Carbon markets are about to undergo enormous growth and change as OECD countries gear up to become carbon neutral by 2050. What will be the impact of removing free allocation from ETS participants and carbon-based import taxes on company valuations, when will that impact be felt and how.
Moderator
Philipp Ruf, Head of Research and Analytics, SparkChange
Panellist
Marc Barnett, Head of Investment, NatWest Cushon
12.45 Lunch & networking
14.00 – 17.00 IETA London Carbon Dialogue – for IETA Members (running concurrently)
13.45 INVESTOR PANEL PART II – What’s hot and what’s not. Where does risk lie?
- What are investors looking at when they consider carbon markets?
Moderator
Philipp Ruf, Head of Research and Analytics, SparkChange
Panellists
George Beattie, Head of Innovation, CFC
Allister Furey, CEO & Co-Founder, Sylvera
Luke Oliver, Managing Director, Head of Climate Investments, KraneShares
14.30 Removals going global: carbon removal types, costs, financing, investment opportunities and growth prospects
- The carbon removals space is being moulded by multiple different forces including: the VCM, the EU’s Carbon Removal and Carbon Farming Regulation (CRCF) and the US Inflation Reduction Act. Our panel will take a deep dive into what the carbon removals investment opportunity looks like in terms of costs, scalability, growth prospects and investment opportunities.
Moderator
Richard Barker, Partner, Counteract
Panellists
Peter Albin, Senior Research Analyst, Carbon Markets, Wood Mackenzie
Marie-Louise du Bois, Global Head of Carbon Pricing, S&P Global Commodity Insights
15.15 Coffee & networking
15.45 The Carbon Border Adjustment Mechanism (CBAM) – an introduction
- What is CBAM, who does it affect, what do affected parties have to do, what risks are they running. Our brief introduction session will set the scene for the in-depth following panel discussion.
Speakers
Dan Maleski, Environmental Markets Advisor and CBAM Lead, Redshaw Advisors
Nicolas Endress, CEO & Founder, ClimEase
15.55 CBAM – different responses to the flagship EU carbon leakage policy
- The EU’s Carbon Border Adjustment Mechanism (CBAM) has spurred other countries to adopt carbon pricing policies to avoid punitive tariffs on exports to Europe. Is trade in green goods finally coming of age or, on the contrary, are we entering a new era of green trade tensions?
Moderator
Dan Maleski, Environmental Markets Advisor and CBAM Lead, Redshaw Advisors
Panellists
Tetyana Payosova, Senior Associate, Van Bael & Bellis
16.30 Article 6, the future of international carbon trade?
- During a chaotic COP28 for Article 6, negotiations collapsed with many parties still clashing over key technical elements of international carbon trade as well rules governing the UN crediting mechanism under the Paris Agreement. Here, we look ahead to Baku and COP29 and where countries may be able to find consensus on the key remaining elements of Article 6, as well as the impact of these UN negotiations on wider market stakeholders.
Moderator
Mark Lewis, Head of Climate Research, Andurand Capital LLP
Panellists
Andrea Bonzanni, International Policy Director, IETA
Andrew Howard, Senior Director, Climate Policy and Strategy, Verra
Dexter Lee, Head of Carbon Markets Negotiations, Department for Energy Security and Net Zero, UK
Rory McDougall, Commercial and Finance Director, DelAgua
Basak Odemis, Carbon Finance Lead, IFC, World Bank Group
17.10 Aviation & Shipping – A look at CORSIA Phase 1 and IMO developments
- Exploring CORSIA Phase 1 supply, demand and what we learned from the practice phase of CORSIA. What are the carbon market developments to look out for from the IMO’s MEPC 82 meeting?
Moderator
Rebecca Gualandi, European Climate and Energy Correspondent, Carbon Pulse
Panellists
Michael Evans, Group Sustainability Insights Manager, International Airlines Group
Audrey Goldstein, Director, Carbon Markets Development, Standard Chartered Bank
Ellen Lourie, Director of Natural Climate Solutions and Aviation, IETA
Edwin Pang, Founder, Arcsilea
17.45 Close of day one
18:00 Evening drinks
- More details to follow shortly
08.00 Registration and coffee
08.55 Opening Remarks
Frederic Simon, Head of EMEA, Carbon Pulse
09.00 Keynote
- What happened and why with EU carbon prices
09.15 The EU’s “three-speeds” transition and its implications for the EU ETS
Trevor Sikorski, Head of Natural Gas and Emissions, Energy Aspects
09.30 EU ETS: catching up
- With the EU entering a new five-year political cycle, what are the prospects for the EU ETS? Is Europe’s flagship climate policy tool headed for another shake-up?
Moderator
Julia Michalak, EU Policy Director, IETA
Panellists
Paul Dawson, Head of Regulatory Affairs, RWE Supply & Trading GmbH
Damien Meadows, Advisor, European Commission
David Oxley, Chief Climate & Commodities Economist, Capital Economics
10.10 ETS2 unwrapped…
- ETS2 is a new cap-and-trade system that will cause carbon pricing to finally expand in a meaningful way in Europe. What is it, why does it matter, why is it controversial and what will trading it be like?
Moderator
Frederic Simon, Head of EMEA, Carbon Pulse
Panellists
Ellen De Vocht, Policy Expert, EEX
Robert Jeszke, Deputy Director for Emissions Management (IOS-PIB), The National Centre for Emissions Management (KOBIZE)
Julia Michalak, EU Policy Director, IETA
Ingvild Sorhus, Manager EU Carbon Analysis, Veyt
10.40 Coffee & networking break
11.10 It’s all happening in the UK ETS: cap reset, new sectors, extra auction volumes, UK MSR, linkage, UK CBAM
- UK carbon allowance prices continue to diverge from the EU ETS with regulatory uncertainty doing little to address relative price softness. Will the new Labour government plug the holes in CBAM and shipping ETS policy? How seriously is linkage back on the table?
Moderator
Tom Lord, Head of Trading and Risk Management, Redshaw Advisors
Panellists
Beth Barker, Senior Policy Officer, Aldersgate Group
Alistair McGirr, Group Head of Policy & Advocacy, SSE
11.50 Trading the EU and UK ETS – what do dedicated carbon traders think are the big opportunities, and why?
- Traders can make money whether the market is rising or falling. Learn from the experts at the cutting edge of traded carbon markets about their views on the opportunities that the EU and UK mechanisms are presenting.
Moderator
Tom Lord, Head of Trading and Risk Management, Redshaw Advisors
Panellists
Clive Lambert, Founder, Futurestechs
Mark Lewis, Head of Climate Research, Andurand Capital LLP
Nima Neelakandan, Senior Managing Director, Head of Environmental Products, Macquarie Group
Alex Rau, Partner, Environmental Commodity Partners
12.30 Lunch & networking
13.30 Shipping and aviation in the EU & UK ETS
- Shipping entered the EU ETS this year amid huge interest from market participants. The UK will likely follow in 2027. What impacts has inclusion had on ship operators, owners and charterers? The EU is watching the effectiveness of CORSIA closely, with a chance to re-include international aviation in the EU ETS from 2026. What have they concluded so far?
Moderator
Angeliki Malathrona, Country Manager, Redshaw Advisors
Panellists
Damien Meadows, Advisor, European Commission
James Milne, Key Account Manager, Maritime, DNV
14.10 Removals are coming to the UK & EU markets
- The UK has consulted on integrating carbon removals into its compliance carbon market. Meanwhile, the EU is developing its CRCF legislation that will define eligible carbon removals. What do we know, what needs to be decided and what are the economic opportunities?
Moderator
Phil Curds, Head of ESG and Sustainability, Enfinium
Panellists
Helen Bray, Vice President for Policy, Puro.earth
Felix Grey, Policy Team Leader, Department for Energy Security & Net Zero, UK Civil Service
Jonty Rushforth, Head of Environmental Solutions, S&P Global Commodity Insights
14.50 Coffee & networking break
15.20 Navigating the next phase of EU ETS: industrial decarbonization and the future of clean commodities
- As the EU ETS shifts its focus from power to industry, decarbonisation enters a more complex phase. This workshop will delve into the future of industrial emissions reduction, highlighting emerging technologies and how the volatile price differentials between clean commodities like hydrogen and electricity versus traditional fuels and feedstock affects incentives and abatement cost
Presenters
Daniel Atzori, Head of Research and Development, Redshaw Advisors
Harry Ohman, Senior Analyst, Veyt
16.00 Analyst Showdown: supply, demand and future prices
Our 9th annual showdown is tried and trusted to get all the issues impacting European carbon prices on the table and their relative importance debated. We then put the analysts to the test when we display and discuss all of their forecasts at the same time in the big reveal.
Moderator
Louis Redshaw, CEO & Founder, Redshaw Advisors
Panellists
Emma Coker, Team Leader, European Carbon Market Research, BloombergNEF
Marcus Ferdinand, Chief Analytics Officer, Veyt
Trevor Sikorski, Head of Natural Gas and Emissions, Energy Aspects
Lewis Unstead, Senior Analyst – EU Carbon and Power Markets, ICIS
17.30 Close of day two
07.45 Women in Carbon Breakfast
Guest Speakers:
Catherine McGuinness, Common Councillor and past Chair of the Policy & Resources Committee, City of London Corporation
Judith Schroeter, Head of Product, S&P Global
08.00 Registration and coffee
09.00 Keynote – The State of Play in the VCM
Margaret Kim, CEO, Gold Standard
09.30 ICVCM’s Core Carbon Principles: Salvation or distraction?
- The Integrity Council for the Voluntary Carbon Market (ICVCM) has created a quality benchmark by setting out which crediting programmes and methodologies can be eligible for the Core Carbon Principles (CCPs). Will they unlock investment or hold the market back?
Moderator
Roy Manuell, EMEA Markets Editor, Carbon Pulse
Panellists
Christopher Hakes, Head of Carbon Sales, BurnMFG
Chris Leeds, Head of Carbon Markets Development, Standard Chartered
William Pazos, Co-Founder and Co-CEO, ACX (AirCarbon Exchange)
Lorna Ritchie, Director of Public Affairs, ICVCM
10.20 New standards, new methodologies: a catch-up
- Alongside the integrity initiatives, new standards and methodology revisions are also set to address issues around quality. We take stock of these developments and provide an overview of what many hope will become VCM2.
Moderator
Roy Manuell, EMEA Markets Editor, Carbon Pulse
Panellists
George Hepburne Scott, Director, Forest Carbon
Stacy Kauk, Head of Science, Isometric
Hugh Salway, Senior Director for Market Development and Partnerships, Gold Standard
Carlos Trujillo, Chairman, Cercarbono
11.00 Coffee & networking break
11.30 Raters of the Lost Market
- Multiple voluntary carbon ratings agencies have sprung up in a bid to assess to what extent a tonne of carbon is actually reduced or removed by different projects. In a market taking a backward step in terms of volume and value, we discuss the raters impact so far and their future role.
Moderator
Sonja van Renssen, Chief Strategy Officer, Carbon Pulse
Panellists
Allister Furey, Co-founder & CEO, Sylvera
Tristan Loffler, Executive Director and Head of Carbon Projects, MSCI
Tommy Ricketts, Co-Founder & CEO, BeZero Carbon
Duncan Van Bergen, Co-Founder, Calyx Global
12.10 EU Green Claims Directive – the rules the market is crying out for?
- With legislated oversight on corporate claims in the pipeline, the VCM is about to get a long awaited set of rules that could mean standardisation, trading, finance and scale. The new hope or a bureaucratic pitfall, what can we expect from the GCD?
Moderator
Bill Goldie, Environmental Markets Director, Redshaw Advisors
Panellists
Aisha Rodriguez, Manager – Markets & Standards, VCMI
Ana Ruiz, Policy Analyst, ERCST
Tilmann Morata Liebert, Policy Officer, European Commission
12.50 Lunch & networking
13.50 Financing the VCM: What works, what is needed?
Moderator
Will Higbee, Head of Carbon Banking and Markets, Flowcarbon
Panellists
Murray Collins, Co-Founder and CEO, Space Intelligence
Martin Lawless, Group Head of Carbon Markets & Environmental Commodities, Munich Re Specialty
Adrian Rimmer, Director, Sustainable Finance & Investment, LSEG
14.30 Carbon removals – who’s paying and why?
- How can removals be part of a voluntary carbon market? Removals are expensive – from carbon farming to DACCS and BECCS, who will pay for what and why?
Moderator
Paul Zakkour, Director, Carbon Counts
Panellists
Lisa Braune, Head of Carbon Removal, Neustark
John Barry, Senior Sales Manager, Agreena
Leigh Hudson, Sustainable Fuels and Carbon Manager, International Airlines Group
15.10 Coffee & networking
15.40 Crystal Ball gazing – the VCM in 5 years
- What are the current and future drivers of carbon credit demand? The Paris Accords, Article 6, new phases for the UN’s CORSIA scheme, demand from the IMO – all competing with the potentially huge demand from corporate net zero targets. What opportunities, when will it happen and how will this all fit together?
Moderator
Sonja van Renssen, Chief Strategy Officer, Carbon Pulse
Panellists
Fernanda Abarzua Torres, Senior Research Analyst, Carbon Markets, Wood Mackenzie
Michael Bertelsen, Head of Pricing, Structuring & Broker Distribution, Agreena
Layla Khanfar, Associate, BloombergNEF
16.20 VCM retirement and pricing trends
- The VCM has been on the backfoot for the last 2 years. What is really going on: conclusions we can draw from the retirement and trading data
Speaker
Guy Turner, Managing Director, Carbon Markets, MSCI
17.30 Close of conference
Day One – Tuesday 8 of October
11.15 Wood Mackenzie: Navigating a fragmented voluntary carbon market (VCM): harnessing the power of informed decisions
Presenters:
Michelle Uriarte-Ruiz, Senior Research Analyst, Carbon Offsets, Wood Mackenzie
Fernanda Abarzua Torres, Senior Research Analyst, Carbon Offsets, Wood Mackenzie
Worskhop outline:
In this workshop, we will address the challenges of the fragmented voluntary carbon market. Participants will gain insights into current trends, drivers, and future implications for the VCM (supply, demand, and pricing).
Join us to explore how consolidating scattered information into a cohesive overview can drive informed decision-making and foster a more transparent and efficient carbon market.
14.00-17.00 IETA London Carbon Dialogue – for IETA EU Working Group Members
In person meeting for IETA members, held in the Cambridge Room.
Invitation only and registration is required. For further information or to register, please contact IETA ([email protected]).
Day Two – Wednesday 9 of October
13.30 CFC: Managing Carbon Investment Risk
Panellists:
George Beattie, Head of Innovation, CFC
Chris Leeds, Head of Carbon Markets Development, Standard Chartered
Luke Oliver, Head of Climate Investments, KraneShares
Jamie Robinson, Chief Commercial Officer, Go Balance
Ed Rumsey, Managing Partner, Permian
Workshop outline:
The Voluntary Carbon Market (VCM) faces growing pains arising from multiple challenges relating to risk. Buyers are nervous about delivery risks for pending credits and cancellation risks for issued credits. Insurance has the potential to alleviate risk concerns and encourage investment. This workshop, hosted by carbon insurer CFC, will bring you key insights from a range of expert peers from the carbon project development and investing world.
15.20 S&P Global Commodity Insights: Removals in the Carbon Landscape
Presenters:
Marie-Louise du Bois, Global Head of Carbon Pricing, S&P Global Commodity Insights
Alice Mason, Global Market Engagement Leader, Energy Transition, S&P Global Commodity Insights
Worskhop outline:
Join us for an insightful workshop focused on the evolving landscape of carbon removals. We will explore the latest developments in carbon removal projects, highlighting the UK’s initiatives and regulatory frameworks that are shaping the market. Participants will gain an understanding of current pricing trends for carbon removals, examining the factors driving these changes. Additionally, we will discuss the future outlook for removals, including potential challenges and opportunities in the sector. This workshop is essential for anyone looking to stay ahead in the carbon market and understand the critical role of removals in achieving climate goals.
We look forward to your participation!
Day Three – Thursday 10 of October
10.20 Agreena: From pixels to gigatonnes: MRV and machine learning for Nature-based carbon projects
Presenters:
Frederik Aagaard, Chief Commercial Officer, Agreena
Tom Blower,Chief Product and R&D Officer, Agreena
Workshop outline:
MRV is necessary to build trust in nature-based solutions. This workshop will cover how MRV and machine learning can be deployed to measure carbon outcomes in natural ecosystems. It will demonstrate how we can pinpoint exactly which location removed carbon and monitor what is happening in real time.
12.10 Verra: Deep dive workshop on the transition from old methodologies to new ones
Presenters:
Andrew Howard, Senior Director of Climate Policy and Strategy, Verra
Nicole Shermer, Manager, VCS Program Development, Verra
Worskhop outline:
This workshop will feature a deep dive into Verra’s forthcoming procedures on how to change the applied methodology for any Verified Carbon Standard (VCS) project. There are two pathways to change methodology — one to change it on a go-forward basis only, and another to change it for past periods in addition to future ones and enable reconciliation of any difference in Verified Carbon Units (VCUs) from those past monitoring periods. This procedure to allow changes to past monitoring periods is an important evolution in the carbon market to enable voluntary alignment of past reporting periods and issued credits with current best practices.
The workshop will be of interest to project developers, validation/verification bodies, and holders and buyers of Verified Carbon Units (VCUs) who wish to have more insight into how projects can change methodology to access new markets while maintaining their accuracy, integrity, and credibility. This is particularly relevant for projects seeking Core Carbon Principles (CCP) labels by switching to a methodology approved by the Integrity Council for the Voluntary Carbon Market (ICVCM), and for projects looking to differentiate CO2 removals and GHG emissions reductions.
