At the moment I am attending the Carbon Forum Asia 2008, which is a Trade Fair and Conference focusing on the opportunities presented by Carbon Markets and mechanisms in the Asia Pacific region. If you are attending this Forum, you can find the reegle booth at the exhibition hall 401 (A15).

What happened until now?

The conference has been opened by a speech of Mr. S. Iswaran, Senior Minister of State for Trade and Industry in Singapore. He stated that “Climate changeClimate change is a lasting change in weather patterns over long periods of time. It can be a natural phenomena and and has occurred on Earth even before people inhabited it. Quite different is a current situation that is also referred to as climate change, anthropogenic climate change, or ... is one of the biggest global challenges we face this millenium” and that it is “in our profound collective interest that we work towards a solution to sustain the world we live in”. He also mentioned that because of the global economic slowdown “governments will have to deal with compelling domestic imperatives” and that “this may adversely affect the process and progress of climateClimate is typically defined as the average weather (or more rigorously a statistical description of the average in terms of the mean and variability) over a period of time, usually 30 years. These quantities are most often surface variables such as temperature, precipitation, and wind. Climate ... change negotations”. Nevertheless CO2Carbon dioxide (CO2) is emitted in several ways. Naturally through the carbon cycle and through human activities like the burning of fossil fuels. These human activities have increased CO2 concentrations in the atmosphere since the beginning of the industrial revolution and these high ... emssions needs “an urgent and collective solutio, with all parties playing commensurate roles, even in this period of global slowdown”.

After this opening session the exhibition opened for all participants and 258 exhibitors from more than 60 countries started to introduce their products and solutions to more than 3000 visitors.

At the moment Henry Derwent (IETA) is chairing the session about the actual state of the global carbon marketA system in which Carbon is given an economic value, allowing people, companies or nations to trade it. If a nation bought carbon, it would be buying the rights to burn it, and a nation selling carbon would be giving up its rights to burn it. which provides an overview about the most recent developments and market data in the Global Carbon Market.

In the afternoon there will be several other interesting session taking place and I am looking forward to hear more about Carbon Trading in Asia.

Will keep you up-to-date …