What to expect from carbon markets in 2025
Carbon markets will be a big focus of sustainability discussions in 2025 after making headlines at COP29, the UN climate conference that took place in Baku, Azerbaijan in late 2024. In this week’s ESG Insider podcast, we dive into the topic of carbon markets with coverage from the sidelines of the S&P Global Commodity Insights Global Carbon Markets Conference. We sit down with Andrea Bonzanni, International Policy Director at the International Emissions Trading Association (IETA). Andrea talks about the outlook for carbon markets after parties at COP29 finalized key rules and guidelines for international carbon trading under Article 6 of the Paris Agreement on climate change. We speak to Marieke Franssen, Managing Director and Head of Commodity Carry Solutions at French investment bank Natixis, who says generating confidence in the market will be a key driver of demand. “Companies need to be incentivized to buy, and they need to be given the confidence that the credits that they're buying can be put to use,” she tells us. We also talk to: Chris Slater, CEO and Founder of Oka, The Carbon Insurance Company, who explains how the insurance sector can contribute to the development of the carbon markets; Linda Rivera Macedo, Head of Safeguards and Sustainable Development at Calyx Global, who discusses the role of carbon ratings agencies in building confidence in the market; and Robin Pedroza, Head of Sustainability Transformation at thyssenkrupp Materials Services, part of German industrial and steel giant thyssenkrupp. Robin talks to us about the impact the EU’s carbon border adjustment mechanism (CBAM) is having on the steel industry. Listen to our coverage of COP29 carbon markets outcomes: https://www.spglobal.com/esg/podcasts/after-cop29-what-s-next-for-carbon-markets Listen to our explainer podcast series on carbon markets: Exploring the role of carbon markets in reaching climate targets: https://www.spglobal.com/esg/podcasts/exploring-the-role-of-carbon-markets-in-reaching-climate-targets What’s next for voluntary carbon markets: https://www.spglobal.com/esg/podcasts/what-s-next-for-voluntary-carbon-markets Learn more about the 2025 Global Carbon Markets Conference from S&P Global Commodity Insights: https://commodityinsights.spglobal.com/Global-Carbon-Markets.html This piece was published by S&P Global Sustainable1, a part of S&P Global. Copyright ©2024 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
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