Group 1 - The introduction of international emissions trading at COP3 in 1997 aimed to help countries meet their emission reduction commitments through the purchase of carbon credits [1] - The carbon market is divided into mandatory and voluntary types, with Europe leading the establishment of emissions trading systems, followed by countries like China, South Korea, Japan, and Australia [1][3] - The lack of a unified international standard has hindered the establishment of a robust market, with the Paris Agreement's Article 6 still facing challenges in implementation due to verification method issues [1][8] Group 2 - The UN approved the "Paris Agreement Carbon Credit Mechanism" (PACM) in May 2025, providing guidance for evaluating the effectiveness of emission reduction projects [1] - The new standards include a baseline standard to estimate potential emissions without the mechanism and a leakage standard to account for unintended emissions increases [1][15] - The establishment of the "Development Carbon Market Alliance" by Singapore, Kenya, and the UK signifies a government-led initiative to advance carbon markets [2] Group 3 - Carbon markets help achieve emission reduction goals at lower costs, enhancing economic efficiency and promoting energy conservation awareness [3] - Major carbon markets include the EU carbon market and China's national carbon market, with the EU market being a mature example using an absolute cap-and-trade model [3][4] - China's carbon market, launched in July 2021, covers approximately 5.1 billion tons of CO2 emissions and includes 2,257 key emitting units [4] Group 4 - The Kyoto Protocol established the Clean Development Mechanism (CDM) in 2005, allowing developed countries to obtain certified emission reductions (CERs) through projects in developing countries [5] - The carbon market's core function is to create a carbon price signal that guides emission reduction actions, with the expectation that carbon prices will rise as emission caps tighten [5][6] Group 5 - The EU carbon market has seen a significant price increase, with expectations that prices will exceed €120 per ton by 2030 and €400 by 2040, reflecting the costs of advanced reduction measures [6] - The demand for carbon markets from countries is driven by the need to achieve climate goals cost-effectively, with different mechanisms in place across regions [6][7] Group 6 - The establishment of national carbon markets is crucial for countries to meet their Nationally Determined Contributions (NDCs) under the Paris Agreement [7][9] - The EU's carbon market has undergone structural reforms to recover carbon prices after a prolonged period of low prices due to oversupply [7][9] Group 7 - The challenges in creating a global carbon market include historical issues with previous mechanisms and differing national interests between developed and developing countries [9][11] - The complexity of mechanism design and the need for clarity in methodologies and standards are significant barriers to establishing a unified global carbon market [9][10] Group 8 - The implementation of new standards aims to enhance the quality of carbon credits and ensure the authenticity of emission reductions, promoting high-quality development in global carbon markets [15][16] - Future directions include improving verification processes, enhancing international cooperation, and integrating carbon markets with global climate actions [15][17] Group 9 - China's transition from a seller to a buyer in the international carbon market poses challenges in aligning domestic mechanisms with international standards [19][20] - The national carbon market's tightening control over emissions will support China's dual carbon goals while balancing domestic and international climate trade requirements [20][21]

预计到2050年碳市场价值可达2500亿美元，自然市场价值可达690亿美元。英国企业可以获得更多 经济机遇，创造新的收入来源和投资机会获得经济回报。 该计划将进一步巩固英国作为全球绿色金融中心的地位，释放私人资本用于应对气候变化，并支持 企业实现清洁能源转型。 积极的气候行动可为英国企业带来显著增长机遇。自7月以来，英国清洁能源行业已吸引437亿英镑 私人投资。英国工业联合会（CBI）最新数据显示，去年净零经济增长速度是整体经济的三倍，该领域 就业人数增长超过10%。 有关咨询文件将开放12周，征求行业组织和公众的意见。正在征求意见的6项完整性原则包括：供 应商应确保碳信用符合公认的高完整性标准，以确保碳信用带来环境效益；买家应在可持续性报告中测 量并披露信用额度的计划用途；使用者应考虑信用额度如何纳入与《巴黎协定》1.5°C目标一致的更广 泛转型计划；涉及信用额度使用的声明应准确传达组织或产品的整体环境影响，包括使用适当且准确的 术语；市场参与者应与他人合作以支持高完整性市场的增长；信用额度仅应在价值链中与气候行动相结 合时使用。 （原标题：英国政府支持企业参与碳信用交易 推动绿色金融发展） 英政府网站4月 ...

Adecoagro (AGRO) Q4 2024 Earnings Call March 14, 2025 08:00 AM ET Company Participants Mariano Bosch - Co-Founder, CEO & DirectorEmilio Gnecco - CFO & Chief Legal OfficerRenato Junqueira - VP of the Sugar, Ethanol and Energy BusinessIsabella Simonato Alonso - Managing DirectorLarissa Pérez - Equity Research Associate Conference Call Participants Gustavo Troyano - Equity AnalystMatheus Enfeldt - Equity AnalystJulia Rizzo - Analyst Operator Good morning, ladies and gentlemen, and thank you for waiting. At thi ...