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
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.