Transcript Slide 0

Kyoto Gap through to 2012
Source: Point Carbon
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AAU supply and demand
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AAU supply and demand
• Intro, sense of market and buyers
• Sense of AAU market structure
• Buyers and sellers expectations
• AAUs, GIS vs JI track 1, 2, [flexibility, additionality] and the difference in European context,
different buyers.
• Policy context and development (important issues related to AAU trading market – “hot
air” and “hard greening”)
• Volumes and potential size of market – potential supply and demand
• It’s a buyers market – first mover advantage for sellers.
• Major players (Japanese, EBRD, CEE)
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AAU supply and demand (All in millions AAUs)
Country
Total
Reserved/commitment Surplus (estimated) GIS allocation
119
53
66
40
Ukraine
4604
3616
988
N/A
Czech
902
732
170
100
Romania
1.3
0.78
0.52
100
Bulgaria
610
353
257
N/A
Poland
2650
1940
710
N/A
Lithuania
227
109
118
55
Estonia
196
107
89
10 to 30
Russia
16600
10600
6000
800 to1000
Hungary
542
395
147
45 to 55
Slovakia
73
Latvia
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