ECRCM: ESSENTIALS OF CARBON FOOTPRINT AND CARBON MARKET
ESSENTIALS OF CARBON FOOTPRINT AND CARBON MARKET
Course Duration
Mode of Assessment
Participants will, on an individual basis, be required to complete a 30-min MCQ Questions.
Who Should Attend
- Risk managers and analysts
- Finance professionals with an interest in climate risk and carbon markets
- Legal, regulatory and compliance professionals
- Managers with ESG and sustainability responsibilities
- Public sector officers with an interest in climate change
Participants are not expected to have professional sustainability or ESG experience, but they should have at least 2 years working experience in the public or private sector.
Course Overview
Sustainability has gained rapid momentum within the private sector, with ripple effects on credit and investment flows as the impact of climate change rise up board agendas of governments and major business. This development has given rise to more stakeholders leveraging on the role of finance to direct capital in order to strengthen awareness, action and more positive impact on climate action.
This course seeks to explore climate risk as a strategic business risk, and the mechanisms behind carbon management. Through which, we will explore the role of regulation and incentive schemes to enable the non-financial markets to leverage on opportunities that can help move the needle towards achieving a global net zero ambition.
Course Schedule
Next available schedule
Course Objectives
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Taxonomy Application |
Understand the role of a taxonomy in the context of green finance and a national climate finance strategy. Understand the function and use of a taxonomy to enable better transparency through a standardised approach to defining green economic categories. Help participants understand the various banking products in which taxonomy could play a role. Referencing the EU taxonomy for private equity in this exercise. Understand the purpose of a green taxonomy, how it helps tie economic activities with environmental impacts, who authors a taxonomy for application, and challenges and limtations of taxonomies. Get to know the various taxonomies in existence domestically (MAS’s GFIT), regionally (ASEAN Sustainable Finance taxonomy, China’s Green Product Catalogue) and globally. Example of the Mongolian Green Taxonomy being developed with assistance by the IFC. Insights into the role taxonomies play, in relation to undertanding the concept of Contributions and Do no Significant Harm (DNSH), and Minimal Social Safeguards (MSS). Understand the key features of a sustainable finance taxonomy (what is included and what isn’t) |
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Carbon Markets and Decarbonisation Strategies Management |
Understand why governments and companies are actively decarbonising as part of achieving climate goals. Understand the concept of net zero as a technically and economically feasible goal. Explain the definitions of carbon management, decarbonsiation, net zero, and carbon neutral. Understand the definitions of voluntary and compliance / regulated carbon market, and how they work. Explain what type of opportunities that can be explored in participating in the carbon markets. Understand the four carbon market participation models depending on the stakeholders. Provide examples of the key programmes under both markets that shows the latest developments. (China’s ETS market), Carbon market projects by CIX and Air Carbon Exchange, and other significant carbon capture initiatives on removal and sequestration Understand how the carbon markets work, with having both carbon tax, as well as ETS alongside VCCs. Understand Singapore’s approach in carbon pricing, and discuss the potential implications. Understand Singapore’s energy supply mix and how this correlates with its 2030 NDC ambitions. Understand important policies now signalling key developments in the carbon markets in Singapore: - Carbon Tax - Mitigation and adaptation methods Understand what carbon credits do, and their role in ensuring carbon emissions can be reduced. Understand the two forms of carbon credits: VER and CER. Discuss the possibility of a regioanl carbon market. Understand the key concept of GHG Protocol – and the accounting framework governing the three main types: entity accounting, project accounting and product accounting. Understand the standard GHG Protocol basics of Scope 1, 2, and 3 Get to know the GHG Accounting Standards for Financial institutions (PCAF) and its application for the various asset classes Understand the core differences between the compliance/regulated and voluntary carbon markets. Understand how a carbon market functions, with having both carbon tax, as well as ETS alongside VCCs. Understand Singapore’s approach in carbon pricing, and discuss the potential implications. Understand GHG mitigation hierarchy and the various considerations from most to least favour options. Understand how this applies to decarbonsiation journey, and thereby allowing for more efficient capital allocation. Gain insights into the carbon mechanisms applied in various markets, these include ETS and carbon tax schemes. Understand China’s progress in its decarbonisation “double goals”, its ETS market, and the use of its green product catalogue. |
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Climate Change Management |
Understand that the impact of climate change is particularly affecting the Asia Pacific region. Occurrence of flooding already seen in the region. Understand that sea-level rise is impacting on businesses, with the example of real estate as shown below. Understand that there are opportunities for FIs to play an important role to support climate change adaptation and mitigation. Example to show is the investment in the solar industry in the region’s clean energy transition. Also to show that FIs can participant in policy and government incentives for clean energy in ASEAN. Understand the growing evidence that climate science points to global warming. Example of the Economist’s ‘climate stripes’, and the evidence of warming temperatures. Get to know the most significant international milestones in climate action. - 2015 Paris Agreement and the pursuit to keeping temperatures well below 2deg rise - Main climate summits and their progress, including the latest COP 26 - IPCC’s reports on progress Understand the most significant climate reporting frameworks (UNFCCC, TCFD) Get an overview of what these guidelines entail, and how they are currently being adopted by regulators and policy makers. Extend quickly to show the wider range of ESG frameworks that are relate to climate reporting, such as CDP, SDGs. Understand climate risks, and how these impact on market and socio-economic stability. Understand the two key aspects of climate risks – physical and transitional risks. Show an example of Singapore facing climate risks, and the mitigation and adaptation required. Explain the key sources of climate/ environmental risks, and the wider lens of business risks highlighted by the World Economic Forum. Understand the impacts on the banking industry – from a risk and opportunity standpoint. |
Course Outline
Day 1: Basics of climate science, significant milestones in global climate action, and the momentum from private and public sector institutions towards mainstreaming climate risks and the relevant frameworks. We also explore the role of the finance markets in directing capital flows towards environment and social investments.
Day 2: Development of the carbon market, the role of taxonomies and key initiatives directed at climate finance. We also explore case studies of Asia’s banks, and the implications for the non-financial markets.
Certificate Obtained and Conferred by
- Certificate of completion from NTUC LearningHub
Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from NTUC LearningHub.
Additional Details
Medium of Instruction: English
Price
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Course Fee and Government Subsidies |
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Original Course Fees |
Course Fee After e2i Funding (Including GST) |
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Full Course Fee |
$2616.00 |
$2406.00 |
Remarks
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Individual Sponsored Trainee |
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e2i:
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