Carbon emissions trading markets worldwide
 

Carbon emissions trading markets worldwide

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Carbon emissions trading markets worldwide Carbon emissions trading markets worldwide Document Transcript

  • Get more info on this report!Carbon Emissions Trading Markets WorldwideMay 1, 2009Carbon emissions have been traded, albeit at minor levels, in the over-the-counter(OTC) market since the 1990s. In recent years, significant global governmentalinvolvement in the stabilization of the concentration of atmospheric greenhouse gaseshas facilitated tremendous growth in the market for carbon emissions trading. The valueof the carbon market has grown from $727 million in 2004 to $118 billion in 2008.In addition to the foundational regulatory organizations that have established theframework of the market, and the pre-requisite buyers and sellers, the magnitude andevolving complexity of the global carbon markets has attracted numerousintermediaries, such as brokers, exchanges, aggregators, and financiers, as well asother peripheral participants such as validation and verification, information andanalysis, legal, and consulting service providers. Opportunities for market participantsare expected to continue to increase as the value of global carbon markets are forecastto grow by 68% per year to $669 billion in 2013.Carbon Emissions Trading includes a broad review of the carbon market. The reportprovides a discussion of the mechanisms employed in the carbon market and anoverview of the market structure and participants. Market demand for carbon emissionsallowances and offsets is quantified and projections for growth in demand are provided,along with the key factors influencing this growth. The report also provides profiles ofcompanies active in the carbon market.Report MethodologyThe information in Carbon Emissions Trading is based on primary and secondaryresearch. Primary research entailed in-depth interviews with firms involved in thedevelopment of carbon emissions trading regulation, financial companies, andconsultants to the industry to obtain information on the developing market and factorsshaping the industry. Secondary research entailed data gathering from relevantsources, including government and industry publications, company literature andcorporate annual reports.What You’ll Get in This ReportCarbon Emissions Trading contains important insights and projections regarding the
  • future of this market around the world. No other market research report provides boththe comprehensive analysis and data that Carbon Emissions Trading offers.Subscribers will benefit from extensive data, presented in easy-to-read and practicalcharts, tables and graphs.How You’ll Benefit From This ReportIf your company is already doing business in the carbon market, or is consideringentering the marketplace, you will find this report invaluable, as it provides acomprehensive package of information and insight not offered in any other singlesource. You will gain a thorough understanding of the current global market for carbonemissions allowances and offsets, as well as projected markets and trends through2013.This report will help: Marketing managers understand the market forces shaping the carbon market and identify market opportunities. Research and development professionals stay on top of competitor initiatives and explore demand for carbon emissions allowances and offsets. Business development executives understand the dynamics of the market and identify possible partnerships. Information and research center librarians provide market researchers, product managers, and other colleagues with the vital information they need to do their jobs more effectively.Additional InformationMarket Insights: A Selection From The ReportMarket Size and SegmentationThe global carbon market has grown rapidly over the past five years and recordednearly $118 billion of carbon emissions transactions in 2008. This represents a 256%compound annual growth rate over the period. The market value of transaction hasgrown exponentially as both the volume of carbon emissions traded and the price perunit of carbon emissions have grown significantly over the period.The price of carbon dioxide emissions traded increased by 49% per year from anaverage of $5.86 per tonne in 2004 to $28.65 in 2008. Simultaneously, the volume of
  • carbon emissions traded, measured in millions of tones of carbon dioxide (MtCO2e),has increased by 139% per year from 125 MtCO2e in 2004 to 4,104 MtCO2e in 2008.The compliance-driven segment of the market accounted for over 96% of the overallvolume of the global carbon market in 2008; the share of the voluntary markets in valueterms was less than 1% of the overall carbon market in 2008.Carbon Market ProjectionsThe transaction value of the international carbon market has grown exponentially in itsfirst decade of existence. Pending the outcome of future regulatory and policydecisions, further strong growth is expected as the global economy recovers from thecurrent economic recession.In 2009, the volume of carbon traded on the global markets is expected to grow to 5,648MtCO2e, a 38% increase over 2008 volume. However, given the recent downturn in theglobal economy and the significant decline in the prices of carbon units traded, thevalue of the global carbon markets is expected to decrease by 29% to under $84 billionin 2009.Prices in the carbon markets are expected to recover post-2009. Bolstered bycontinued growth in volume, the global carbon market value is projected to grow by 68%per year from under $84 billion in 2009 to $669 billion in 2013.TABLE OF CONTENTSChapter 1: Executive Summary Carbon Market Framework Figure 1-1: Carbon Market Segmentation, 2008 Compliance Market Regulatory Framework The Kyoto Protocol Figure 1-2: Kyoto Protocol Trading Mechanisms European Union Emissions Trading System Figure 1-3: European Union Linking Directive New South Wales Greenhouse Gas Abatement Scheme Regional Greenhouse Gas Initiative Voluntary Market Framework Chicago Climate Exchange Over the Counter Market Industry Structure and Participants Figure 1-4: Carbon Market Industry Structure, 2008 Carbon Exchanges Table 1-1: Carbon Exchanges and Trading Platforms, 2008
  • Table 1-2: Currencies Traded on Global Carbon Exchanges and Trading Platforms, 2008 Market Size and Segmentation Figure 1-5: Carbon Market Volume and Value, 2004-2008 (Volume in MtCO2e; Value in $ M) Figure 1-6: Carbon Market Value by Sub-Segment, 2008 ($ M) Carbon Market Projections Figure 1-7: Carbon Market Volume and Value, 2009-2013 (Volume in MtCO2e; Value in $ M) Report Scope Report Format Report Methodology Abbreviations Table 1-3: Abbreviations Utilized in ReportChapter 2: Carbon Market Framework Overview Carbon Market Framework Figure 2-1: Carbon Market Segmentation, 2008 Compliance Market Table 2-1: Emissions Trading Systems in Compliance Market, 2008 Regulatory Framework United Nations Framework Convention on Climate Change Table 2-2: UNFCCC Annex I Nations Figure 2-2: UNFCCC Annex 1 Greenhouse Gas Emissions, 1990 - 2000 (% change from 1990 level) The Kyoto Protocol Figure 2-3: Kyoto Protocol Ratifying Nations Table 2-3: Kyoto Protocol Greenhouse Gas Emissions Targets (% change from 1990 level) Clean Development Mechanism Figure 2-4: Clean Development Mechanism, 2008 Joint Implementation Mechanism Figure 2-5: Joint Development Mechanism, 2008 International Emissions Trading Figure 2-6: International Emissions Trading, 2008 European Union Emissions Trading System Figure 2-7: European Union Allowance Trading, 2008 Figure 2-8: EU-ETS Allowance and Offset Trading, 2008 Keidanren Voluntary Action Plan New South Wales Greenhouse Gas Abatement Scheme Regional Greenhouse Gas Initiative Compliance Market Currencies Table 2-4: Emissions Equivalencies of Currencies Traded in Compliance Market, 2008 Table 2-5: Currencies Traded in Compliance Market, 2008 Certification Standards in Compliance Market
  • Registries in the Compliance Market Figure 2-9: Kyoto Protocol Carbon Registries, 2008 Table 2-6: Registries Utilized in Compliance Market, 2008 Voluntary Market Figure 2-10: Voluntary Carbon Market Segmentation, 2008 Chicago Climate Exchange Over the Counter Market Voluntary Market Currencies Table 2-7: Currencies Traded in Voluntary Market, 2008 Certification Standards in Voluntary Market Figure 2-11: Voluntary Carbon Market Certification Standards, 2008 Table 2-8: Voluntary Emissions Standards, 2008 Chicago Climate Exchange Standard Voluntary Carbon Standard VER+ Standard Climate, Community and Biodiversity Standard Plan Vivo The Gold Standard Greenhouse Friendly Standard Registries in Voluntary Market Table 2-9: Carbon Accounting Registries in the Voluntary Carbon Market, 2008Chapter 3: Industry Structure Overview Industry Structure and Participants Figure 3-1: Carbon Market Industry Structure, 2008 Carbon Market Framework Regulatory Bodies United Nations Climate Change Secretariat United Nations Clean Development Mechanism Executive Board Joint Implementation Supervisory Committee Compliance Committee Designated National Authorities Designated Operational Entity Non-Governmental Organizations Local Authorities Suppliers Project Developers Table 3-1: Representative Project Developers, 2008 Intermediaries Exchanges Table 3-2: Carbon Exchanges and Trading Platforms, 2008 Table 3-3: Currencies Traded on Global Carbon Exchanges and Trading Platforms, 2008 Table 3-4: Sample Voluntary Emissions Reductions Certification Standards, 2008 Europe Table 3-5: European Carbon Exchanges and Trading Platforms, 2008
  • European Climate Exchange Nordic Power Exchange European Energy Exchange Energy Exchange Austria BlueNext Climex North America Table 3-6: North American Carbon Exchanges and Trading Platforms, 2008 Chicago Climate Exchange The Green Exchange Montreal Climate Exchange South America Table 3-7: South American Carbon Exchanges and Trading Platforms, 2008 Brazil Mercantile Futures Exchange Asia and Australia Table 3-8: Asian and Australian Carbon Exchanges and Trading Platforms, 2008 Asia Carbon Exchange Multi-Commodity Exchange of India National Commodity & Derivatives Exchange The Australian Climate Exchange Brokers Table 3-9: Representative Carbon Market Brokers, 2008 Aggregators Table 3-10: Representative Offset Aggregators, 2008 Financial Institutions Table 3-11: Representative Private Sector Financial Companies Active in Carbon Market, 2008 Multilateral Development Banks Carbon Funds Carbon Finance Product Offerings Buyers Compliance Market Buyers Voluntary Market Buyers Industry Services Validation and Verification Services Information, Analysis, and Legal Advisory Services Table 3-12: Representative Consulting Firms Active in Carbon Market, 2008 Table 3-13: Representative Legal Advisory Service Companies Active in Carbon Market, 2008Chapter 4: Market Sizing and Segmentation Overview Market Size and Segmentation Figure 4-1: Carbon Market Volume and Value, 2004-2008 (Volume in MtCO2e; Value in $ M) Figure 4-2: Carbon Market Value by Segment, 2008 ($ M) Compliance Market Segments
  • Figure 4-3: Kyoto Protocol Trading MechanismsInternational Emissions TradingEuropean Union Emissions Trading System MarketFigure 4-4: EU ETS Carbon Market Volume, 2004 to 2008 (MtCO2e)Figure 4-5: European Union Linking DirectiveClean Development Mechanism MarketFigure 4-6: Clean Development Mechanism, 2008Figure 4-7: Certified Emissions Reductions Issued by Project Type (% of total)Figure 4-8: Certified Emissions Reduction Volume, 2004 to 2008 (MtCO2e)Joint Implementation MarketFigure 4-9: Joint Development Mechanism, 2008Figure 4-10: Emissions Reduction Units Registered by Project Type (% of total)Figure 4-11: Emissions Reduction Unit Volume, 2004 to 2008 (MtCO2e)New South Wales Greenhouse Gas Abatement Scheme MarketFigure 4-12: New South Wales Greenhouse Gas Abatement Scheme Volume,2004 to 2008 (MtCO2e)Regional Greenhouse Gas Initiative MarketFigure 4-13: Regional Greenhouse Gas Initiative Market Volume, 2004 to 2008(MtCO2e)Voluntary Market SegmentsChicago Climate ExchangeFigure 4-14: Chicago Climate Exchange Volume, 2004 to 2008 (MtCO2e)Over the Counter MarketFigure 4-15: Over the Counter Market Volume, 2004 to 2008 (MtCO2e)Market Price TrendsFigure 4-16: Carbon Market Price Trends, 2007-2008 ($/tCO2e)Carbon Market ProjectionsFigure 4-17: Carbon Market Volume and Value, 2009-2013 (Volume in MtCO2e;Value in $ M)Figure 4-18: Carbon Market Value by Segment, 2013 ($ M)Kyoto Protocol Post 2012UNFCCC Conference in PoznanEuropean Union Emissions Trading SystemFigure 4-19: European Union Trading System Market Volume, 2009 to 2013(MtCO2e)Key Drivers of EUA Demand and PriceClean Development Mechanism MarketFigure 4-20: Certified Emissions Reduction Volume, 2009 to 2013 (MtCO2e)Joint Implementation MarketFigure 4-21: Joint Implementation Volume, 2009 to 2013 (MtCO2e)North American MarketsCalifornia Global Warming Solutions Act of 2006Hawaii Global Warming Solutions Act of 2007Minnesota Next Generation Energy Act of 2007Regional Greenhouse Gas Initiative
  • Figure 4-22: Regional Greenhouse Gas Initiative Market Volume, 2009 to 2013 (MtCO2e) Western Regional Climate Action Initiative Midwestern Greenhouse Gas Accord Potential United States Federal Cap and Trade System Figure 4-23: United States Federal Cap and Trade System Market Volume, 2009 to 2013 (MtCO2e) Australian Carbon Market Figure 4-24: Australian Carbon Market Volume, 2009 to 2013 (MtCO2e) Japan Figure 4-25: Japanese Carbon Market Volume, 2009 to 2013 (MtCO2e) The Chicago Climate Exchange Figure 4-26: Chicago Climate Exchange Market Volume, 2009 to 2013 (MtCO2e) Over-the-Counter Market Figure 4-27: Over the Counter Market Volume, 2009 to 2013 (MtCO2e)Chapter 5: Company Profiles Overview Table 5-1: Companies Profiled3 Degrees Incorporated Table 5-2: 3 Degrees Incorporated Profile Corporate Background Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesAPX Incorporated Table 5-3: APX Incorporated Profile Corporate Background Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesBaker & McKenzie Table 5-4: Baker & McKenzie Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook
  • Personnel ChangesBlue Source Table 5-5: Blue Source Profile Corporate Background Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesCantorCO2e LLC Table 5-6: CantorCO2e Profile Corporate Background Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesClimate Focus Table 5-7: Climate Focus Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesCredit Suisse Table 5-8: Credit Suisse Profile Corporate Background Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesEcoSecurities Group plc Table 5-9: EcoSecurities Group Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures
  • Innovation Outlook Personnel ChangesEquator LLC Table 5-10: Equator LLC Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesEvolution Markets Table 5-11: Evolution Markets Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesFortis Table 5-12: Fortis Profile Corporate Background Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesMGM International Table 5-13: MGM International Profile Corporate Background Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesNatsource Table 5-14: Natsource Profile Corporate Background Product and Brand Portfolio Performance
  • Acquisitions and Divestitures Innovation Outlook Personnel ChangesRNK Capital LLC Table 5-15: RNK Capital LLC Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesSterling Planet, Incorporated Table 5-16: Sterling Planet, Incorporated Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesTradition Financial Services / TFS Energy / TFS Green Table 5-17: Tradition Financial Services/TFS Energy/TFS Green Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesTUV SUD America Table 5-18: TUV SUD America Profile Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesAvailable immediately for Online Download athttp://www.marketresearch.com/product/display.asp?productid=1926753
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