Carbon Expo 2012: Reaffirmed Confidence in Carbon Market Instruments | World Bank Institute (WBI)

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Carbon Expo 2012: Reaffirmed Confidence in Carbon Market Instruments

The ninth edition of Carbon Expo took place in Cologne, Germany from May 30 – June 1, 2012. The three-day-event was attended by more than 2000 participants from 95 countries (with over 200 exhibitors from more than 60 countries) and was highly successful given the current depressed carbon market conditions and uncertainty around the future of climate financing.

Mr. Rodrigo Rosa, special advisor on climate protection to the mayor of Rio de Janeiro says, “Events like Carbon Expo are really important, though I know that we have been through difficult times in the carbon market, but I think we are really building a ground for the future when we discuss these things in a fair like Carbon Expo.”

The conference was structured around the latest knowledge needs on carbon finance and climate change mitigation. This years’ event provided the climate change stakeholders a platform to showcase their projects and advancement in their Low Emissions Development (LED) work. Many of the participants affirmed that with the ever growing concerns on climate change, Carbon Expo is the best stop to promote their carbon and climate finance products to potential investors while learning more details about project types and business approaches, and acquiring new information on the carbon market and approaches to climate change mitigation.

Apart from the exhibition there were more than 34 conference plenary sessions and workshops, moderated by an eminent panel of experts on the climate change mitigation agenda. Many of these sessions were focused on future market instruments and the relevance of these instruments in climate financing.

The World Bank Institute Climate Change practice's (WBICC) CF- Assist Program supported the participation of more than 50 delegates from developing counties in the Expo to share experiences and gain knowledge of current trends, technologies, projects and services. It also sponsored and facilitated regional pavilions and a national exhibition booth for trade mission from around 40 developing countries including public agencies.

WBICC Manager, Mr. Neeraj Prasad sums up the relevance of Carbon Expo, “Now more than ever we need to signal to the world that a carbon expo which promotes market instruments for climate finance is an event in which we reaffirm our confidence, and it is still able to attract market participants in sizeable numbers.” With the successful conclusion of Carbon Expo 2012, the next Expo has already been announced for May 29 – 31, 2013 in Barcelona, Spain.

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