Asia carbon forum to promote emissions trading

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Carbon Forum Asia, a leading carbon market trade fair and conference, is returning to Bangkok in October with a stronger commitment to carbon reduction and to promote emissions trading schemes as a new financial product.

The 7th edition of the event expects to gather about 1,000 international participants over the two days (October 30 and 31) at the Centara Grand & Bangkok Convention Centre at Central World in Bangkok, Thailand.

Asia in 2012 has witnessed the emergence of carbon trading and carbon abatement programs.

Australia is set to link its carbon market with the EU in 2015, New Zealand is reforming its carbon trading scheme, India has introduced its own trading platform with a focus on energy efficiency in addition to carbon emissions, China is prepared to pilot emissions trading schemes in five cities and two provinces in the next two years and nationwide in 2015, and the South Korean Parliament has passed a bill earlier this year that will establish a carbon market by 2020.

Many others are also trying to link up their emission trading schemes, according to a linkage recently announced between Australia and the EU.

The fair will showcase carbon market business projects from developing countries in the region, covering a range of sectors including renewable energy, transport, environment and waste management.

Thailand Greenhouse Gas Management Organization, which will host the event, and the Overseas Environmental Cooperation Center of Japan will showcase their initiatives and capabilities in the carbon market.

The Thai autonomous governmental organization aims to connect local project developers and governments with international participants and create a platform to exchange ideas and information on latest developments in the carbon market arena.

The Japanese non-governmental and non-profit organization, meanwhile, seeks to provide technical support to developing countries in elaborating national and/or local action plan on climate change mitigation and adaptation. It is hosting a Japan Pavilion at this year's Trade Fair floor.

Dirk Forrister, President and CEO of the International Emissions Trading Association that organizes the event, was quoted in a press release as saying: "More Asian companies and governments are taking a serious look at energy efficiency and low carbon technology, while working towards strengthening their investment and financing policies to combat climate change and deal with its impacts."

He said the event is the place "where leading experts establish the trends and policies that will define the climate change agenda for Asia and beyond."

Takashi Hongo, member of the event's Advisory Panel and Senior Fellow of Japan-based Mitsui Global Strategic Studies Institute, named one trend as Climate Finance, an area he said banks in Asia and international ones have started to look into.

This year's Conference program will present a series of high-level plenary sessions and in-depth discussions covering the entire carbon market value chain, from flexible mechanisms, policy and market initiatives, to investments and technologies.

Speeches will be presented by more than 100 international experts in the carbon market, including those from the World Bank, Barclays Capital, Shell, Mitsui, GDF SUEZ the European provider of solutions for efficient gas use and power generation, and Thailand Greenhouse Gas Management Organization.

Carbon Forum Asia 2012 is co-organized by the International Emissions Trading Association and the German trade fair company Koelnmesse, in partnership with the Asian Development Bank.

Since its inception in 2006, the event has attracted more than 7,000 delegates and 750 exhibitors from 65 countries, earning the recognition of being the Leading Carbon, Energy & Financial Platform for Asia Pacific and the Pacific Rim.

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