NEW YORK, March 6, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p0788280/European-Carbon-Market-Update.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Environmental_services
The successful implementation of emissions schemes in the near future largely depends on domestic politics, climate policy enforcement, and commitment to combat climate change. The EU has continued with its agenda of environmental reforms and carbon markets clearly have the potential to experience dramatic growth, thereby providing significant opportunities for utilities and cleantech investments.Provides an overview of the global carbon market in terms of structure, trend, market size, and so on, while focusing on the European region.Highlights the European Union Emissions Trading Scheme (EU ETS) and its underlying compliance periods, including future outlook.Evaluates various countries in Europe in terms of climate change performance based on emissions trend, emissions level, and climate policy.Launched in 2005 with the aim of reducing emissions by 21% in 2020 compared to 2005 levels, the EU ETS largely dominates the global allowance market. It is the most important mechanism globally and serves as the foundation of the EU's policy for climate change, focusing on the mitigation of greenhouse gas emissions in a cost-effective manner.The EU ETS has been successful in reflecting the macro-economic trend, with EU ETS carbon prices following a trend similar to that of commodities like oil and natural gas over the last few years.Climate change performance varies widely across the European nations. Countries such as Sweden, Norway, Germany, France, and the UK exhibit strong performance and have achieved high rankings in 2011, in contrast to countries such as Poland and Italy that exhibited weaker performance.Understand the global carbon market and the role of the European Union Emissions Trading Scheme (EU ETS).Identify opportunities for energy utilities for investment in clean technology in the European market.
OVERVIEW
•Catalyst
•Executive summary
ANALYSIS
•Durban climate conference delivers a roadmap for a legal climate framework by 2015
- The Durban Platform for Enhanced Action
- A second commitment period for the Kyoto Protocol
- A new Green Climate Fund for developing countries becomes operational
•The total value of the global carbon market declined in 2010 after five consecutive years of growth
•The EU ETS continues to play a critical role
- Allowance market and the role of the EU ETS
•The transaction volume of the primary CDM market has dwindled, while secondary market volume has increased
•European nations continue to be the major investors in CDM projects
- China and India lead in developing CDM projects
- Hydro and wind power projects are the largest asset classes of CDM projects
•The EU has included the aviation industry in the ETS
•Phase III of the EU ETS to start from 2013
•Global carbon prices marginally recovered in 2010 after a dramatic fall in 2009
•EU ETS carbon prices stay low compared to pre-recession levels
- EU ETS carbon prices show signs of maturity by aligning with the price movements of other major energy commodities
AUTHOR'S VIEW
•A mixed outlook for the European carbon market
APPENDIX
•Background
- Overview of global carbon market
- Overview of EU ETS
- Compliance periods of the EU ETS directive
- EU ETS trade distribution
•Glossary
- Additionality
- Assigned allocation units (AAUs)
- Biofuel
- Biomass
- Cap-and-trade
- Carbon capture and storage
- Carbon dioxide (CO2)
- Carbon dioxide equivalent (CO2e)
- Carbon offset
- Carbon Reduction Commitment (CRC)
- Carbon trading
- Certified Emission Reduction (CER)
- Chicago Climate Exchange Carbon Financial Instrument (CCX CFI)
- Clean Development Mechanism (CDM)
- Cleantech
- Climate change
- Emission reduction unit (ERU)
- Emissions trading
- European Climate Exchange (ECX)
- European Union Emission Trading Scheme (EU ETS)
- Greenhouse gases (GHGs)
- Intergovernmental Panel on Climate Change (IPCC)
- Joint implementation (JI)
- Kyoto Protocol
- National Allocation Plans (NAPs)
- New South Wales Greenhouse Gas Reduction Scheme (NSW GGAS)
- Regional Greenhouse Allowance
- Regional Greenhouse Gas Initiative (RGGI)
- United Nations Framework Convention on Climate Change (UNFCCC)
•Methodology
•Further reading
•Ask the analyst
•Disclaimer
TABLES
•Table: Europe: GHG emissions target allocations, by country
FIGURES
•Figure: Global carbon market size, by transaction value and volume, 2004–10
•Figure: Global allowance market trend, by transaction volume, 2005–10
•Figure: Role of the EU ETS in the global allowance-based market, 2009 vs 2010
•Figure: Global project-based market, by transaction volume, 2005–10
•Figure: Distribution of CDM projects by investing nation, June 2011
•Figure: Key players investing in CDM projects, June 2011
•Figure: EU ETS: phase II and phase III coverage
•Figure: Global carbon price trend, by total transaction value, 2004–10
•Figure: EU ETS carbon price trend with respect to crude oil and natural gas prices, 2005–10
•Figure: Global carbon market structure
•Figure: EU ETS trading distribution, by futures and options and spot trading, 2005–10
Companies mentionned
Hutchison 3G UK Limited, Unit 4 N.V., Uralsvyazinform OJSC
To order this report:
Environmental services Industry: European Carbon Market Update
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CONTACT
Nicolas Bombourg
Reportlinker
Email: [email protected]
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