COP28 failed to deliver the expected progress on Article 6, which is meant to support the development of global carbon markets. We continue to see a tale of two carbon markets - compliance markets continue to expand while the voluntary markets are mired in transparency and integrity issues. Failure to progress Article 6 has pushed the need to bolster market clarity back to stakeholder bi-lateral initiatives and governments. While voluntary markets remain uncertain, compliance carbon markets continue to expand, with large emitting and fast-growing countries laying groundwork for their implementation. Will the sector be able to regain momentum? What will be the resulting levels of ambition and how much will these markets interact? What are the synergies, challenges and opportunities ahead for integrating compliance market dynamics with voluntary market dynamics and fostering a more cohesive and effective approach to carbon mitigation? Will COP29 complete the unfinished work on Article 6?
This event will be a virtual session via Zoom from 11:00 AM until 12:30 PM ET. Additional details will be provided to registered attendees prior to the session.
SPEAKERS
Roman Kramarchuk
Roman Kramarchuk is Head Energy Scenarios, Policy & Technology Analytics at S&P Global Commodity Insights. He has been leading efforts to analyze the impacts of the energy transition – driven by policy changes and technology advancements - on the energy sector. With S&P Global Commodity Insights, and before that with Platts and PIRA, Roman launched and continues to develop analytics offerings providing outlooks around global/regional carbon pricing and environmental markets & policies. He had led and contributes to Future Energy Outlooks, advising clients on longer term energy market views (including reference case and low carbon scenarios), with special focus on clean energy technologies (i.e. hydrogen, electric vehicles/alternative transport, renewables, stationary storage, etc.). Prior to joining PIRA, Roman was at the U.S. EPA, developing key power plant and industrial emissions regulations at the Clean Air Markets Division. With PG&E and before that at PA Consulting / PHB Hagler Bailly, he evaluated strategies regarding power sector fuel choice, capital investments and energy trading. Roman also worked on international projects to develop power markets and regulatory capacity in Ukraine, Armenia and India. At the U.S Federal Reserve Board, Roman analyzed trends in industrial production He has an M.P.P. from the Harvard Kennedy School and a B.A. in economics and B.S.E. in systems engineering from the University of Pennsylvania
Additional speakers to be announced soon.
MODERATOR
Atul Arya
Atul Arya is Senior Vice President and Chief Energy Strategist at S&P Global and is responsible for integrating energy content, analysis and insights across the entire energy value chain and for C-suite client engagements. Dr. Arya’s areas of expertise include energy strategy, climate change, energy transition, renewables, CCS, Hydrogen, clean energy technologies, upstream oil and gas and energy markets. He has previously led Energy Insight, Research and Analysis, and Energy Research teams at IHS and IHS Markit. Dr. Arya has over 35 years of leadership experience in the energy industry, including senior positions with bp. His international career spans a diverse array of energy fields from strategy development and business planning to field operations and technology innovation. Dr. Arya has previously served on boards of several companies and institutions including Tata BP Solar, Green Mountain Energy and National Council for Atmospheric Research. He was a member of the World Economic Forum’s Agenda Council on the Future of Oil and Gas and Adjunct Senior Fellow at Council on Foreign Relations. Dr. Arya holds B.S., M.S. and Ph.D. degrees in petroleum engineering.
PROGRAM
11:00 AM - 12:30 PM: Presentation and Discussion
COST
This session is complimentary for all registrants. Registration is required for event link details.