The Role of Carbon Markets in Transitions

The IEF-KAPSARC High-level Roundtable on Carbon Markets and the Circular Carbon Economy (CCE) will be hosted on Tuesday 20 February 2024 at the KAPSARC premises in Riyadh.

The roundtable aims to explore how newly evolving carbon markets and greenhouse gas crediting mechanisms can provide reliable market incentives for scaling investment in CCE technologies, including Carbon Capture Utilization and Storage (CCUS), Bioenergy with CCS (BECCS) and Direct Air Capture and Storage (DACS).

When empowered by carbon markets, these additional solutions can scale CCE technologies in high impact economies and generate better verifiable carbon abatement data to allocate climate and private sector finance faster. This will ensure more equitable, cost-effective, market driven clean technology deployment that bridges global divisions and reduces the costs of transitions.

1. What do COP 28 Global Stocktake and the intergovernmental negotiations mean for net-zero greenhouse gas emission reductions and sustainable development goals?
2. Is investment in CCUS, DACS, BECCS on the right trajectory to narrow the carbon abatement gap and bridge growing divisions—What else is needed beyond government support?
3. How can carbon markets, both voluntary and regulated, unlock investment and climate finance in CCE technologies to optimize and accelerate transitions?
4. What has been achieved in enhancing carbon market transparency—what does the journey towards robust and readily comparable carbon data and accounting methods look like?

Guest Speakers

Welcome and Opening Remarks

• 

  Joseph McMonigle
  Secretary General, IEF

• 

  Fahad Alajlan
  President, KAPSARC

Scene Setting Keynote

• 

  Riham Elgizy
  CEO, RVCMC

Session 1: Role of Carbon Markets in Energy Transitions

• 

  Mohammed Aldarraji
  Technical Advisor to the Iraqi Prime Minister, Chairman Supreme Carbon Bonds Committee, Iraq

• 

  Sara Vakhshouri
  President and CEO, SVB Energy International

• 

  Pratima Rangarajan
  CEO, Climate Investment

• 

  Stefanos Mourelatos
  Director - Corporate Strategy, ACWA Power

• 

  NJ Ayuk
  Chairman, African Energy Chamber

• 

  Michael Curran
  Head of Emissions Trading, Vitol

• 

  Naveed Tariq
  CEO, Seagrass

Session 2: Carbon Market Transparency: Better Carbon Data, Better Carbon Abatement

• 

  Mari Luomi
  Fellow II, Climate and Sustainability, KAPSARC

• 

  Olga Gassan-zade
  Chair, Article 6.4 Paris Agreement Supervisory Body (2023)

• 

  Musaab Almulla
  Vice President, Energy & Economic Insights in Strategy & Marketing Analysis, Saudi Aramco

• 

  Stephen Comello
  Senior Vice President, Strategic Initiatives, EFI Foundation

• 

  Antoine Halff
  Chief Analyst & Co-founder, Kayrros

Session 3: Using Carbon Markets to Boost CCE Investment and Climate Finance

• 

  Cornelia Meyer
  Chairman & CEO , MRL Corporation

• 

  Melanie Kenderdine
  Executive Vice President and Corporate Secretary, EFI Foundation

• 

  Nicolas Thévenot
  Managing Director & Head Corporate Banking, The Arab Energy Fund

• 

  Koji Yamamoto
  Vice president (Energy Business), Japan Organization for Metals and Energy Security

• 

  Lee Beck
  Senior Director Europe & Middle East, Clean Air Task Force

Concluding Remarks

• 

  Joseph McMonigle
  Secretary General, IEF

• 

  Fahad Alajlan
  President, KAPSARC

Speaker Presentations

• Melanie Kenderdine
  Executive Vice President and Corporate Secretary, EFI Foundation
• Nicolas Thévenot
  Managing Director & Head Corporate Banking, The Arab Energy Fund
• Koji Yamamoto
  Vice president (Energy Business), Japan Organization for Metals and Energy Security

Highlights Videos

Key Documents

• Draft Agenda