Advocacy Talking Points 25 January 2024
Understanding Carbon Market Opportunities — Pricing Methodologies and Trading Strategies
Webinar Presentation
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Regulators and governments worldwide have been using carbon pricing as one mechanism to discourage greenhouse gas emissions since the early 1990s. However, carbon prices – and the mechanisms for implementing them – vary widely between jurisdictions, making it difficult to measure and analyse carbon pricing globally.
To fill the information void, researchers at the Monash Centre for Financial Studies (MCFS), in partnership with carbon market specialists C2Zero and SparkChange, have constructed the world’s first global Real Carbon Price Index (RCPI). Based on mandated carbon prices set by regulators and governments, the RCPI provides a weighted composite measure of the physical price of carbon across all jurisdictions.
Tune into this recorded webinar to learn about the evolution of carbon prices over time, trends in carbon pricing across various regions, companies' internal carbon prices, and the differences between the voluntary and mandatory carbon markets and more.
Speakers:
- Tim Chan, CFA, head of sustainability research (asia-pacific ex japan), Morgan Stanley
- Bei Cui, PhD, research fellow, monash centre for financial studies, Monash University
Moderator:
- David von Eiff, PhD, director, global industry standards, CFA Institute
Duration: 61 mins
Recorded 25 January 2024
Speakers
Tim Chan has joined Morgan Stanley in 2020 and is a member of the global sustainability research team. His team ranked #1 in ESG Research in the 2021 Institutional Investor All-Asia Research Poll. Prior to joining Morgan Stanley, Tim was a senior ESG analyst at Manulife Investment Management where he led the ESG integration, research and engagement efforts in North Asia. Previously, he worked as an advisory manager at Ernst & Young within their climate change and sustainability services team. Tim holds a bachelor of science in molecular biotechnology from the Chinese University of Hong Kong, and a master of science in environmental management from the University of Hong Kong. He is also a CFA charter holder, a chartered environmentalist and an EFFAS certified ESG analyst. Tim currently sits on the advisory board for the Division of Environment and Sustainability, The Hong Kong University of Science and Technology (HKUST).
Bei Cui joined the Monash Centre for Financial Studies, Monash University as a research fellow in May 2019, after she received a Doctoral of Philosophy in Finance from the University of Hong Kong. She is a trained finance researcher, who is capable of conducting rigorous industry-relevant research of academic quality. Her primary interests include sustainable investment, climate change, modern slavery, Chinese and foreign capital markets, superannuation funds, and market microstructure. Her works have been presented at many international conferences and featured in major media outlets.
David von Eiff joined CFA Institute in 2021 as a sustainability specialist. David brings has a combined 13 years of experience in environmental compliance, research, and sustainability. He obtained his Doctor of Philosophy at the City University of Hong Kong and his Master of Science in Environmental Economics and Public Policy at the Rensselaer Polytechnic Institute in New York. His main research areas address the economic, sustainability and climate change issues associated with water supply management decisions. He previously spent 8 years regulatory specialist in Environmental, Health & Safety Management Systems, having clients across a wide range of industries to improve their environmental programs and identified methods by which they could make their operations more sustainable, including process redesign, water and energy conservation, and developing environmental management systems.