Welcome to CARBON EXPO 2010

The true annual global platform for Carbon Markets

Introduction

Federal Chancellor Angela Merkel
Climate protection is and will continue to be a central challenge in international politics. The effects of climate change pose major risks not only to global economic development, but also to the overall stability and security of the international community. That is why we have to make a concerted effort to reverse the trend of constantly rising greenhouse gas emissions. To succeed, we will all have to use fossil fuels much more efficiently than we have up to now and promote the development of renewable energy.

However, the UN climate conference in Copenhagen did not meet our high expectations. Nevertheless, industrialized countries and emerging economies for the first time accepted the goal of limiting the increase in global temperature to a maximum of two degrees Celsius (compared to pre-industrial level). This goes hand in hand with a commitment to reach specific targets for reducing greenhouse gas emissions. Germany will work to ensure that the Copenhagen decisions are implemented and continue to be developed. The need for a new global climate agreement for 2013 onwards is as pressing as ever.

The carbon market is crucial to implementing an effective climate policy and to utilizing new, more efficient technologies. CDM projects are also important for technology cooperation between industrialized and developing countries. Our task is to develop the carbon market into a vital pillar of global climate policy.
The transition to a low-carbon economy at the global level depends on the key commitment of companies, financial institutions, governments and international organizations. On that note, I would like to wish you all the best for a successful CARBON EXPO 2010 in Cologne.

Federal Chancellor Angela Merkel
Katherine Sierra Vice President, Sustainable Development The World Bank
The World Bank, in partnership with IETA and Koelnmesse, is pleased to welcome you to the 7th CARBON EXPO in Cologne.

The partnerships that are formed at CARBON EXPO are a key element in tackling climate change - partnerships between the public and private sectors, developed and developing countries, and local, national, regional, and global level players. These partnerships, both new relationships and consolidated older ones, are a good part of what makes this such a seminal event.

CARBON EXPO this year is of particular significance to the World Bank as we celebrate a decade of work in carbon markets. We began in this sector with a single carbon fund created in 1999. Today, we are the trustee of 12 funds and facilities with a total capitalization of $2.5 billion, contributed by public and private sector participants. In this past decade, we’ve learned that one of the most promising ways to reduce greenhouse gas emissions is through a deep and global carbon market that has the potential to deliver significant benefits to all countries.

CARBON EXPO is an important vehicle to facilitate a discussion on topics central to ramping up climate change mitigation. These topics range from finding solutions to the difficulties of project implementation, to scaling up engagements through programmatic approaches, and a greater inclusion of forestry and land-use projects in carbon markets.CARBON EXPO ’s role as facilitator comes with an added responsibility this year: finding market continuity and strategic relevance to sustainable development while international negotiations move towards a conclusion. This year in Cologne we encourage international carbon actors to demonstrate their commitment to deepening carbon markets. And we encourage them to take on a leading role, showing national leaders there is both the technical ability and the required high level of commitment to achieve emission reductions and mitigate the impacts of climate change.

Katherine Sierra
Vice President, Sustainable Development
The World Bank
Henry Derwent President and CEO International Emissions Trading Association (IETA)
“The International Emissions Trading Association joins its partners the World Bank and Koelnmesse in warmly welcoming you to CARBON EXPO 2010."

The carbon trading world stands at a crossroads. The UN Copenhagen negotiations did not produce the hoped-for breakthrough in international targets for greenhouse gas reductions. National progress with emissions trading schemes is going slower than expected in a number of countries. The Clean Development Mechanism is scoring some significant successes but still struggles to bear the weight of expectations of resource transfer, technology transfer and incentivisation of the vast sum of low carbon investment needed if climate stability is to be achieved.

Yet every developed country Government, and many in the developing world, calls for the leverage of private investment and increasing the role of the carbon market. New ideas are appearing for increasing the supply of carbon market offsets and for making economically viable investment opportunities in climate change. Forestry credits built on the REDD principles, (Reducing Emissions from Deforestation and Degradation), changes to agricultural practices, geological sequestration, sectoral crediting, creditable NAMAs (Nationally Appropriate Mitigation Actions), domestic offsetting meeting the needs of specific countries: all these provide exciting market opportunities if the design can be got right and if the demand is reliable.

Now more than ever, the carbon market, Governments, development banks and investors need to get together to debate what can be done and how private investment can be brought into the future of climate change policy. In mid 2010, realistic expectations should be emerging for the next UN negotiations in Mexico at the end of the year; the immediate future of emissions trading and climate policy in the US, Australia, Japan and other key locations will be clearer, and the details of the EU trading scheme from 2013 onwards will be emerging. CARBON EXPO 2010 is perfectly timed to unpick and analyse these separate themes, mix them with its unrivalled resource of expert speakers, service providers and trade exhibitors, and present to its delegates a uniquely powerful tool for understanding where climate policy is going and how the next business opportunities in the carbon and climate worlds will develop.”

HCS DERWENT
President and CEO
International Emissions Trading Association (IETA)
Gerald Böse
On behalf of Koelnmesse and our partners - the World Bank and IETA - it is my pleasure to welcome you to CARBON EXPO 2010.

The 7th CARBON EXPO will take place in Cologne from 26th to 28th May 2010. It is the world’s largest congress trade fair for emissions trading and CO2-reducing projects. The 2010 event is particularly important because it comes in the aftermath of the UN Climate Change Conference, which took place in December 2009 in Copenhagen and concluded without binding agreements by the international community. With this in mind, we are very grateful for the active support given to CARBON EXPO by the German government, and, above all, by Chancellor Dr. Angela Merkel and by Norbert Röttgen, the Federal Minister for the Environment, Nature Conservation and Nuclear Safety. Minister Röttgen will also be on hand to officially open CARBON EXPO on 26th May 2010.

The congress will feature leading international experts and government representatives who will not only provide information on the latest developments in emissions trading, further measures being taken by individual countries, and private-sector projects; they will also debate experiences made to date with the CO2 market. At the same time, exhibitors from more than 100 countries will present products and services designed to ensure an effective emissions market, as well as modern technologies for reducing CO2 emissions. The exhibitors will include providers of technology and emission certificates, consultancy firms, service providers for monitoring and verification, project developers, and companies and government representatives from developing countries and emerging markets. Both areas - the trade fair and the congress - will create the connections between sellers and buyers of emission rights and their intermediaries that are necessary for the CO2 market to function successfully. Two forces are driving the international emissions market forward: the activities of the international community to reduce greenhouse gas emissions and the voluntary measures of multinational corporations and industries that want to promote climate protection and more sustainable production processes.

I would like to wish all the exhibitors, congress participants and visitors at CARBON EXPO 2010 a successful and interesting event as well as good business.

Gerald Böse
Chief Executive Officer
Koelnmesse GmbH

Partner

CARBON EXPO

May 26-28, 2010

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