Objectives
This workshop will discuss the use of carbon credits to comply with targets under Emissions Trading Schemes (ETS), carbon taxes and other regulated mechanisms like CORSIA in the aviation sector. Allowing the use of carbon credits in a compliance scheme creates demand that is a critical driver to incentivize the development of carbon projects. It will present the impact of carbon credits on price and liquidity in ETS, and lessons learned in different regions / countries around the world.
Background
Compliance mechanisms such as Emissions Trading Schemes (ETS) operate on a cap-and-trade principle, where a regulatory body sets a limit (cap) on total emissions, and companies can trade allowances (permits to emit) to meet their compliance obligations. An ETS often includes mechanisms that offer flexibility for companies to comply with their targets. These mechanisms including the possibility to borrow allowances from a future trading period, bank allowances for use in a future trading period, or allow for the use of carbon credits from sectors outside the compliance scheme.
Unlike Emissions Trading Schemes (ETS), carbon tax schemes impose a direct price on carbon emissions, requiring companies to pay for each ton of COâ‚‚ they emit. Singapore is an example where international carbon credits are used for compliance with a carbon tax. Colombia and South Africa allow domestic carbon credits.
CORSIA, the Carbon Offsetting and Reduction Scheme for International Aviation, is foreseen as a key driver for carbon credits demand in the coming years.
This workshop will delve into how allowing the use of carbon credits incentivize companies to reduce emissions at the lowest cost while providing much-needed liquidity for project developers to develop carbon projects, thus boosting nature-based solutions and technological carbon removal solutions.
Speakers
Miguel Rescalvo, Managing Partner, Neyen Consulting
Andreas A. Hutahaean, Principal Consultant, Neyen Consulting
Agenda
09.00 – 09.30 Registration and coffee
09.30 – 09.35 Welcoming remarks, Sarfina Adani, Neyen
09.35 – 09.50 Overview of Indonesian carbon market mechanisms, Andreas A. Hutahaean, Neyen
WORKSHOP
09.50 – 10.35 The role of carbon offsets in regulated carbon pricing instruments, Miguel Rescalvo, Neyen
10.35 – 11.05 Q&A
11.05 – 11.20 Closing and photo session
11.20 – 12.00 Networking session
When and where?
20th February, 09:00 – 12:00 WIB
WeWork Revenue Tower – 25th Floor, Meeting Room 25A
Please note, this is an in-person only event.
Who should attend?
This workshop is intended for private sector representatives and industry representatives wishing to deepen their understanding of carbon markets and how carbon credits, combined with emission reduction activities can lower their overall costs of compliance with carbon pricing mechanisms. It will also offer valuable industry insights for carbon project developers who wish to deepen their understanding of the potential future demand for carbon units from regulated mechanisms