The carbon trading market - Exponential growth, but how does it work?

Invitation - Press Briefing

Brussels, 2 July 2007

 

 

To help achieve these targets, the European Union initiated the EU Emissions Trading Scheme (ETS) in 2005. The scheme commits Member States to reduce their greenhouse gas emissions by an average EU 8%, in line with the so-called 'Burden Sharing Agreement' between the different EU countries.

The result of this and other schemes is exponential growth in the carbon trading market. According to the World Bank, the global carbon market has dubbled in 2006 - to USD 22,5 billion from USD 9,4 billion in 2005.

But how does emissions trading work? What are the advantages and disadvantages? What type of companies are involved and does the scheme really force them to reduce emissions? What is the difference between carbon trading and carbon banking and what is the role of a bank in this process?

 

Fortis is a pioneer in and market leader in the field of carbon trading, with over 200 clients. To raise awareness of this increasingly important activity among the media, Fortis is organising a press briefing in Brussels on 5th July. 

 

 

For more information: Vincent Vanwijnsberghe Office: +32 (0) 2 565 33 96

 Mobile: +32 (0) 473 69 71 59

 

 Melanie Dunn Office: +32 (0) 2 228 61 88  

                             Mobile: +32 (0) 478 62 02 33

 

 

 

Fortis, room Lorraine

20, rue Royale, 1000 Bruxelles

Thursday 5 July - 12h00

 

 

 

 

 

 

Mr/Mrs .........................................................................................

 

 

Media..............................................................................................................

 

 

Tel. .................................

 

 

E-mail ...............................

 

 

O  will attend both the press briefing and the lunch

 

O  will attend the press briefing only

 

O  will not attend but would like to receive an electronic press pack

 

O  will not attend

 

Please reply by 4 July to:

 

Vincent Vanwijnsberghe

Fax: +32 (0) 2 565 47 10.

 

Melanie Dunn:

Fax: +32 (0) 2 565 47 10.

 

 

 

Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 41.1 billion (29/06//2007), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available at www.fortis.com.