Path to ESG Series: Net-Zero Targets & Carbon Offsets: Joined at the Hip 2022 | Bloomberg Finance L.P | 23 March 2022 | Webinar
Venue
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| Event Date | Wed Mar 23 EDT (over 2 years ago) |
| Location | Webinar |
| Region | Americas |
Details
Every day, new corporations are setting net-zero targets, pledging to reduce or offset their emissions. As of September 2021, 111 of the 167 “Climate Action 100 ” companies deemed to be the world’s heaviest emitters had made such a pledge, collectively aiming to cut emissions by 9.8 billion tons by 2050—or 20% of the global total. While net-zero strategies differ, they all share one challenge: residual emissions, or emissions that cannot be avoided. Enter carbon offsets—verified emission reduction credits. As decarbonization pledges have surged, so has the offset market, with supply and demand reaching a record high in 2021 and set to grow 50-fold by 2050. Join us as we survey the main drivers of offset prices, and look at scenarios that could see the market either grow to $190 billion as early as 2030 or remain relatively flat for the next few decades.
Speakers
2022 Speakers
Kyle Harrison
Head of Sustainability Research, BloombergNEF
Zelan Chen
Commercial Lead for North China, BloombergNEF