FULL PROGRAM (subject to changes)
*In person attendance: REGISTER HERE
*Virtual attendance: REGISTER HERE
(For IETA Members, NGOs, Academia & Press, discounted codes available upon request at: antille@ieta.org)
Join us in Barcelona this Spring, 24 - 25 May 2022 for the 4th edition of this IETA-led European summit, bringing together leading private sector experts and policymakers from both the carbon and energy world, to analyze and discuss the current state of play, and what’s next for compliance and voluntary markets.
THE EVENT will take place in-person, with some sessions in a hybrid format to allow for virtual participation. ECS sessions are opened to all, taking place between 8:30am and 1:30pm CEST on both days. And for delegates arriving in Barcelona on the 23rd of May, we will be hosting the ECS Welcome Reception from 6pm to 8pm CEST.
THE PROGRAM features high level plenaries, deep dive workshops and roundtables, keynote interviews, and a central open-air ‘Carbon Market Square’ with Partner Sponsors display counters, a networking chillout lounge, and catering area for mid morning-afternoon coffee breaks, lunches and reception.
PRE-DAY – MONDAY 23 MAY, 2022
European Climate Summit Program (in-person)
18:00 20:00 European Climate Summit Welcome Reception
DAY 1 – TUESDAY 24 MAY, 2022
European Climate Summit Program (hybrid)
8:30 8:45 Opening Remarks & Eco-Explorer Keynote Address
8:45 10:00 Plenary 1 - The EU ETS in Uncertain Times
A panel of senior experts, policymakers and business will discuss how concerns over energy security may impact the implementation of the “Fit For 55” Package and the EU ETS review. Will Europe’s climate action be accelerated or slowed down due to the war in Ukraine and sanctions against Russia? Will surging gas prices spur structural industrial decarbonisation? Will Member States turn back to coal? If so, what will this mean for EU’s near and longer-term decarbonisation efforts?
10:00 10:30 Coffee Break
10:30 11:30 Deep Dive 1 - Analysts Roundtable on the EU ETS: Is the MSR Review Proposal Fit for Purpose?
This Roundtable will discuss the review of the Market Stability Reserve (MSR). While the revision proposal foresees maintaining an increased intake rate of 24% by 2030, it does not lower the withdrawal thresholds. Is the MSR proposal too lenient to ensure market stability or too ambitious given the unprecedented energy crisis? Is it compatible with the proposed changes to Article 29a, which enables a swifter response to steep EUA price increases?
10:30 11:30 Deep Dive 2 - Article 6 and the VCM: Working Hand-in-hand to Scale and Accelerate Climate Action
Article 6 decisions made at COP26 do not directly regulate the VCM, but they are conducive to increased convergence of compliance and voluntary markets. The trade of carbon credits may well continue to thrive outside the Paris Agreement framework, while some of it may align with Article 6 requirements. Private sector carbon finance has a critical role to play to scale global climate action: our collective vision should be to incentivize ambitious corporate leadership. This event will discuss the key issues and modalities that will shape the VCM and determine how impactful it can be in supplementing government action.
11:30 11:45 Short Break
11:45 12:45 Deep Dive 3 - The EU's Carbon Border Adjustment Mechanism: Silver Bullet or Pandora's Box?
The EU’s Carbon Border Adjustment Mechanism aims to protect EU manufacturers against carbon leakage and to incentivise EU trading partners to introduce effective carbon pricing policies. This Deep Dive session will discuss whether these goals can be achieved without a solution for export-oriented EU industries and within the current geopolitical context.
11:45 12:45 Deep Dive 4 - Digital Assets: What is Required to Scale Digital Climate Markets with Integrity
The market for digital currencies has experienced buoyant growth recently with numerous new entrants developing digital assets backed by millions of tons of carbon credits. This session will explore the future of digital climate markets and the potential need for regulation globally, including the EU proposal for Markets in Crypto-Assets (MiCA).
12:45 13:00 Short Break
13:00 13:30 In Conversation with & European Commission Keynote
13:30 14:30 Networking Lunch
Innovate4Climate Program (hybrid – co-located with ECS) :
14:00 15:00 Plenary - Examining the Interplay Between Climate and Development (Organisd by World Bank Group)
The opening plenary of I4C brings together high-level speakers from government and the World Bank Group to explore how to successfully integrate climate and development objectives to shape a green and resilient future that leaves no-one behind. It will showcase examples of high-impact solutions being implemented by governments to transform their economies.
15:10 16:00 Workshop - State and Trends of Carbon Pricing 2022 (Organised by World Bank Group)
This session will launch the World Bank’s 2022 State and Trends of Carbon Pricing Report, presenting major developments in carbon pricing over the past year and provide an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives, as well as the trends identified. Following a presentation of the report's key messages, discussants will be given the opportunity to provide a short initial intervention reflecting on the main themes of the report. Following this, there will be a short Q&A with the audience.
15:45 16:15 Coffee Break
16:10 17:00 Workshop - Building Blocks of Integrity in the Voluntary Carbon Market: How to Support Corporate Net Zero Strategies with High-Quality Carbon Credits (Organised by ICROA)
The workshop will discuss and shed light on best practices in carbon offsetting for companies with net-zero strategies. We will identify common challenges and present solutions and case studies that can both foster the voluntary carbon market’s integrity and encourage companies to scale their climate action.
17:10 18:00 Workshop - The Climate Warehouse: A Meta-Data Infrastructure to Support Transparency and Integrity of Climate Markets (Organised by IETA & World Bank Group)
The World Bank prototyped the Climate Warehouse which can serve a public good meta-data infrastructure built on blockchain technology to facilitate the transparent sharing and reporting of climate project information and their issuances. This workshop will present the lessons learned from Simulation II, provide updates on Simulation III, and outcome of the 6-month consultation convened by IETA, World Bank, and the Government of Singapore to define the governance and financing model of the operational Climate Warehouse with a group of over 70 countries and entities.
DAY 2 – WEDNESDAY 25 MAY, 2022
European Climate Summit Program (hybrid)
9:00 10:15 Plenary 2 - Financial Institutions and Net Zero
We have seen dramatic shifts by the financial sector toward Paris-aligned finance, investment and product offerings. This has renewed financial sector advocacy and action linked to carbon pricing and markets. Higher prices are sparking growth in carbon trading by banks, hedge funds, commodity traders - while lending and investment portfolios are attempting to align with 2030 and 2050 net zero goals. We’re seeing investors exploring new asset class opportunities in nature-based and technology removals - while banks and asset managers are looking at how to “green” financial products by using high-integrity offsets to compensate for emissions in their portfolios. Hear from practitioners about this growing and multi-dimensional interest in Paris-aligned finance and carbon markets, and how the different segments of the financial sector are engaging in this evolving space to deliver on net zero ambitions.
10:15 10:45 Coffee Break
10:45 11:45 Deep Dive 5 - Article 6 Rulebook and Readiness Post COP26
Parties reached a landmark agreement on Article 6 at COP26 in Glasgow and early adopters concluded their first transactions, but plenty of work remains to be done to fully operationalise international carbon markets under the Paris Agreement. In this session, key stakeholders from both the public and private sectors will review the current state-of-play, discuss outstanding issues, and reflect upon what is needed to fully harness potential of markets to abate emissions more efficiently and increase ambition.
10:45 11:45 Deep Dive 6 - Carbon Removals in the EU: Lessons Learned from other ETSs and the VCM
By the end of 2022 the European Commission will to present a legislative proposal for a carbon removals certification framework. The big question is whether the next step will be the inclusion of carbon removal units in the EU ETS. The panel will discuss options for interactions between ETSs and removals as well as lessons learned from regulatory frameworks for carbon removals in other regions and the VCM.
11:45 12:00 Short Break
12:00 13:00 Deep Dive 7 - Prospects for ETS 2: Unlocking the Political Resistance
The establishment of a second ETS for buildings and road transport is crucial to enable the EU to meet its 55% climate target by 2030. However, the proposal for 'ETS 2' has sparked controversy over its potential impact on the most vulnerable households and transport users. Join the panel to discuss the importance of the Social Climate Fund, the EU budget, and redistribution of auctioning revenues to alleviate concerns about the social costs of creating a parallel ETS.
12:00 13:00 Deep Dive 8 - Carbon Credit Quality: What are we Talking About?
The task of evaluating carbon crediting programs, their methodologies and projects can be a daunting exercise. This space is inherently technical, and the emergence of new standards worldwide is adding complexity for end-users who may wonder what a high-quality carbon credit looks like. Several initiatives and individual organizations are working in this fast-moving space to provide answers. This session will provide an overview of some of these actors and the methodologies they built for their evaluations. It will also highlight the role of technological innovation in improving quality ratings and discuss how to enhance transparency, reduce confusion for end-users and build further confidence in carbon markets.
13:00 13:15 Short Break
13:15 13:40 In Conversation With & Keynote
13:40 13:45 Closing Addresses
13:45 14:45 Networking Lunch
14:00 14:30 Historical Guided Tour of Casa Llotja de Mar
Innovate4Climate Program (hybrid – co-located with ECS) :
14:00 15:30 Plenary - Putting a Price on Carbon to Reach Net Zero (Organised by World Bank Group)
This plenary will be held in collaboration with the Carbon Pricing Leadership Coalition (CPLC). Ministers, CEOs, and climate experts will come together to share their views on carbon pricing as a driver of decarbonization to reach net zero. Speakers will share their experiences of incentivizing action through carbon pricing and carbon markets.
15:40 16:30 Workshop - Unpacking and Implementing Article 6 (Organised by UNFCCC)
COP 26 Glasgow saw the adoption of the decisions on Article 6 of the Paris Agreement, allowing for the full implementation of the Paris Agreement and unlocking the potential of cooperative implementation to achieve ambitious NDCs. The UNFCCC secretariat will provide an update on the current status of the implementation of Article 6 decision from COP 26 Glasgow. The workshop will include perspectives from a range of Article 6 Party negotiators and participants on the key priority actions needed to successfully implement Article 6.
16:15 16:45 Coffee Break
16:40 17:30 Workshop - Is Blockchain/DeFi the Future for Carbon Credits? (Organised by AirCarbon Exchange)
Carbon credits will likely become the world’s largest asset class within the next three decades. Their intangible nature has allowed for innovation in this rapidly expanding market, chief among them, carbon tokenisation thereby bringing carbon credits ‘on-chain’. This panel will explore these impacts and the solutions offered by blockchain within the carbon space, with specific reference to its increased security, as well as the potential to decrease the barriers to entry and market friction for private capital. The panel will endeavour to answer if decentralised finance is able to streamline carbon trading and ultimately aid in broader climate action.
17:40 18:30 Workshop - Launch of the Business Partnership for Market Implementation (B-PMI) – Mobilising the Private Sector for Effective Carbon Pricing Implementation (Organised by IETA)
As an increasing number of countries around the world plan to implement carbon pricing policies to deliver on the Paris Agreement goals, the need for capacity building within the private sector has emerged. Against this backdrop, IETA launched the Business Partnership for Market Implementation (B-PMI) in 2022 with the aim of complementing the work of the World Bank’s PMI, but with a focus on business-to-business engagement. The B-PMI will provide capacity building and training to businesses. This workshop will showcase B-PMI’s work programme for 2022-2023, discuss how governments and the private sector can effectively work together and what capacity building the private sector in PMI countries needs.
REGISTER
- In-person Attendance: Click HERE
- Standard Delegate Rate: €550
- Discounted Delegate Rate for IETA Members, NGOs and Academia: €350 - Contact Awa Antille to get the discount code, antille@ieta.org
- Press and Media: Free - Contact Awa Antille for registration, antille@ieta.org
- 1 Free Delegate Pass per IETA Member Company: Contact Awa Antille to claim your pass, antille@ieta.org
Why attend:
- Keeping up with Environmental Markets Development
- Gain a comprehensive understanding of current and forecast carbon market drivers and developments,
- How we are implementing our transition to a net-zero economy, both on the ground and through policy
- Understanding the pricing evolution, risk profile, and investment opportunities across the compliance and voluntary carbon markets
- Engage your peers and build new connections across business, government and civil society
- Get inspired by new ideas and opportunities
SPECIAL THIS EDITION
ECS will be co-located with Innovate4Climate (I4C), organised by the World Bank Group and supported by IETA, with both programs complementing each other.
Held fully virtual, I4C will take place 24-26 May 2022 with plenaries, workshops, and a marketplace free and opened to all. The virtual program will run from 2pm until 7pm CEST. Both events have been structured to complement each other. In the afternoons of the 24th and 25th of May, we will be showing live on screen at the ECS venue in Barcelona the I4C plenaries and a selection of workshops - creating a bridge between both events, connecting in-person and virtual attendees and panelists together.
MORE INFORMATION
. ECS Speaking & Partner Sponsor visibility opportunities, contact Lisa Spafford, spafford@ieta.org
. Attending as a ECS Delegate, contact Awa Antille, antille@ieta.org
ACCOMMODATION
Kindly find a few hotel recommendations for in-person Attendees:
* H10 Port Vell
Pas de Sota Muralla, 9, Ciutat Vella, 08003 Barcelona, Spain
* Barcelona Hotel Colonial
Via Layetana, 3, Ciutat Vella, 08003 Barcelona, Spain
* Hotel Ciutadella Barcelona
Avenida Marqués de l'Argentera, 4, Ciutat Vella, 08003 Barcelona, Spain
* Le Méridien Barcelona
La Rambla 111, Carrer del Pintor Fortuny, 4-6, 08001 Barcelona, Spain
Partner Sponsors:
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