The Asia Climate Finance Podcast

Ep27 Carbon markets and trading: where are we headed? what about China? ft Julien Hage

February 14, 2023 Julien Hage Episode 27
Ep27 Carbon markets and trading: where are we headed? what about China? ft Julien Hage
The Asia Climate Finance Podcast
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The Asia Climate Finance Podcast
Ep27 Carbon markets and trading: where are we headed? what about China? ft Julien Hage
Feb 14, 2023 Episode 27
Julien Hage

Topics? Guest ideas? Comments? Just text us, including reply details

The global carbon markets are an important source for funding the decarbonisation needed to mitigate the climate crisis. The compliance and the voluntary global carbon markets amount to almost US$1 trillion or so. They are set to grow dramatically. The smaller of the two, the voluntary one, will grow five-fold by 2030 from US$2 billion in 2022, Shell and BCG expect. China will be a key player in the growth given it has the world’s largest carbon market. Julien Hage from CICC Asset Management first shares his thoughts on the basics of the carbon markets and trading, especially the EU Emissions Trading System. He then evaluates the current state of the markets in the EU and in China.

ABOUT JULIEN. Julien Hage is Managing Director and Head of International Business at CICC Hong Kong Asset Management. Julien started his career in asset management with AXA Rosenberg in London where he joined the trading desk and went on to act as deputy head of trading for Europe. He then spent the next 10 years in Hong Kong in investment banking, first with BNP Paribas then with Société Générale. There he held several roles including Asia Pacific head of cash equity execution and later as APAC head of trading and product management across cash equity and listed derivatives. In 2021, he moved back to the buy side, joining Rayliant asset management as head of derivatives trading. In 2022, he joined CICC Hong Kong AM as head of international business. Julien holds a master’s degree in computer science as well as a postgraduate degree in financial engineering from SKEMA business school in France.

This podcast episode and the information contained in it are for general information only and do not constitute financial, professional, investment or any other kind of advice in any way and shall not be considered as an offer or solicitation to deal in any investment products. Also, it shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions. Although the information in this podcast has been obtained from sources which China International Capital Corporation Hong Kong Asset Management Limited (“CICCHKAM”) believes to be reliable, it does not guarantee the accuracy of such information and such information may be incomplete or condensed.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30- Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | FEEDBACK: theasiaclimatecapitalpodcast@gmail.com.

Show Notes

Topics? Guest ideas? Comments? Just text us, including reply details

The global carbon markets are an important source for funding the decarbonisation needed to mitigate the climate crisis. The compliance and the voluntary global carbon markets amount to almost US$1 trillion or so. They are set to grow dramatically. The smaller of the two, the voluntary one, will grow five-fold by 2030 from US$2 billion in 2022, Shell and BCG expect. China will be a key player in the growth given it has the world’s largest carbon market. Julien Hage from CICC Asset Management first shares his thoughts on the basics of the carbon markets and trading, especially the EU Emissions Trading System. He then evaluates the current state of the markets in the EU and in China.

ABOUT JULIEN. Julien Hage is Managing Director and Head of International Business at CICC Hong Kong Asset Management. Julien started his career in asset management with AXA Rosenberg in London where he joined the trading desk and went on to act as deputy head of trading for Europe. He then spent the next 10 years in Hong Kong in investment banking, first with BNP Paribas then with Société Générale. There he held several roles including Asia Pacific head of cash equity execution and later as APAC head of trading and product management across cash equity and listed derivatives. In 2021, he moved back to the buy side, joining Rayliant asset management as head of derivatives trading. In 2022, he joined CICC Hong Kong AM as head of international business. Julien holds a master’s degree in computer science as well as a postgraduate degree in financial engineering from SKEMA business school in France.

This podcast episode and the information contained in it are for general information only and do not constitute financial, professional, investment or any other kind of advice in any way and shall not be considered as an offer or solicitation to deal in any investment products. Also, it shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions. Although the information in this podcast has been obtained from sources which China International Capital Corporation Hong Kong Asset Management Limited (“CICCHKAM”) believes to be reliable, it does not guarantee the accuracy of such information and such information may be incomplete or condensed.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30- Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | FEEDBACK: theasiaclimatecapitalpodcast@gmail.com.