Sustainable Innovation Forum Opening Plenary features Carbon Trade Exchange Founder Wayne Sharpe
Carbon Trade Exchange (CTX), a global leader in environmental commodity markets, today addressed the impact of carbon pricing and markets during the Sustainable Innovation Forum at COP21 in Paris. CTX Founder Wayne Sharpe spoke alongside representatives from the German Ministry of Environment, Conservation, Building and Nuclear Safety, Vattenfall and the Inter-American Development Bank.
“The intersection of climate change and business has never been more important or influential,” comments Wayne Sharpe, Executive Chairman and Founder of CTX. “We’re pleased to be driving such an important discussion at COP21 and to discuss how businesses can strategically pursue cost-effective and efficient offsetting programs and emissions reductions.”
During the Opening Plenary, CTX examined the impact of the evolving carbon pricing and market matrix on business behaviour and low carbon project development. Specifically, CTX discussed how technology platforms and infrastructure provide a solution for carbon markets to operate efficiently and effectively, in both compliance and voluntary markets.
The panel addressed the following points:
Market-based mechanisms and carbon pricing policies foster innovation and investment in emissions-reducing technologies and finance the development of low-carbon projects around the world.
More businesses are offsetting to drive sustainable cost savings, gain competitive advantage and increase customer loyalty
Financial market infrastructure is needed to create an efficient regulatory environment for trading emission units and other environmental commodities
Carbon pricing and markets have been a central theme throughout COP21. China plans to introduce a national pricing scheme as of 2017. World Bank President Jim Yong Kim commented on this important development during one of his speeches, noting that any country that wants to do business with China will have to have carbon pricing in 2017.
CTX is a platinum sponsor of the Sustainable Innovation Forum at COP 21. The opening plenary took place today, December 7th, 2015, in Paris, France.