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GLOBAL CARBON PRICING TRENDS & OUTLOOKS Carbon Pricing for Canadian Industry 26 April 2019 Toronto, Canada

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Page 1: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

GLOBALCARBONPRICINGTRENDS&OUTLOOKS

CarbonPricingforCanadianIndustry26April2019

Toronto,Canada

Page 2: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

IETAMembersWorldwide

Page 3: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

§ ENVIRONMENTALOUTCOMESMATTER(CLIMATERESULTS!)§ RealandmeasurableGHGreductionsandremovals

§ Least-CostOptions&ComplianceFlexibilities§ Realreductionsatleast-costtoconsumers&business§ Trading,Linking,Offsets

§ PolicyCertainty&Stability§ Clear,consistentpathwaysandsignalsforcomplianceandinvestment

§ PreservingCompetitiveness§ Leveltheplayingfieldwithtradepartnersandcompetitors

§ AvoidingRegulatoryOverlap&Duplication§ Ensuretruecomplementarityacrosssupplementarypolicies

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IETACoreBusinessMessages

Page 4: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

100+Market-FriendlyCountryClimateTargets

Page 5: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

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GlobalCarbonPricing2018(NEWREPORTSOON!)

Page 6: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

*NEW* ICAP ANNUAL REPORT 2019

Page 7: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

GlobalCarbonMarkets2019

Page 8: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

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GrowingCarbonClubs(CPAExample)

Page 9: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

IETAArticle6Vision

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Page 10: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

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HOW VALUABLE IS ARTICLE 6?

Page 11: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

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EmergingArticle6Pilots

Page 12: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

UnlockingClimateAMBITION…GlobalMarkets&Nature-BasedSolutions

Page 13: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire

TheWorldisWatching…

Page 14: GLOBAL CARBON PRICING TRENDS & OUTLOOKS...Bank of America BEVERIDGE Merrill Lynch bgc CARBONCREDIT bp bp Bloomberg ebluesource bhpbilliton Chevron BRINKMAN CLIMATE Capita I ... Inspire