Let’s Talk Energy and explore what could be a historic COP climate gathering in Brazil through a closer look at one of the most interesting areas of the ongoing discussions – carbon markets.  

COP30 kicked off in Belém in Brazil on 10 November amidst a groundswell of so-called climate pragmatism that has seen business leaders and politicians shift their attention from aggressive emissions reduction to goals like energy security, affordability and community development. President Donald Trump has again pulled the US out of the Paris Agreement, meaning there is no official delegation from the US attending the conference, though many American politicians and executives will attend. One important area in the discussions will be how to develop markets for nature-based solutions – including preserving existing forests or mangrove swamps, as well as planting new ones – which proponents say can limit emissions more quickly and at lower cost. 

Will the absence of an official US delegation impact the COP30 proceedings? 

Will the rise in climate pragmatism lead to more measured rhetoric and pledges in Belem?    

How has a COP29 breakthrough on regulating carbon credits impacted the market for offsets over the past year and what further refinements could be in store? 

Further Analysis 

AI's energy appetite takes center stage ahead of COP30 (accessible for non-clients) 

Updated climate targets could deliver a 25% reduction in global CO2 emissions (accessible for non-clients)     

Nationally Determined Contributions – COP30 Special Report (clients only) 

Brazil's energy horizon - COP30 special report (clients only)    

Insights Summary: Global Energy Scenarios 2025 (clients only)    

Carbon market update: Credit activity accelerates towards end of year (clients only)    

EU’s 5% allowance in climate deal signals step-change in future credit needs (clients only)    

Voluntary carbon market changing as developers drive new multipolar era (clients only)    

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Produced by: Laura Rodriguez Skaug & Både Og.

Executive producers: Noah Brenner, Elliot Busby, Evodie Fleury-Greaker & Erik Means.

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