- Webcast -
Thursday, June 29, 2023 4:00 PM
Carbon pricing has long been recognized as a textbook economic policy response to address the externality of pollution. There are now carbon pricing mechanisms in place in around 70 national and subnational jurisdictions, and many others are heading towards implementation. However, carbon pricing alone might not be sufficient to achieve the necessary carbon reductions, and direct quantity restraints may be needed.
At the same time, the voluntary carbon market is acting as a global mechanism for offsetting carbon emissions and is set to grow significantly. Ensuring integrity in this market is an important challenge, impacting emissions reductions investments over coming decades.
In this webcast, our panelists will delve into these complex issues and explore the multifaceted solutions required. We will gain insights into carbon pricing mechanisms and the voluntary carbon market, including:
Economist and Chair, London Bullion Market Association
Paul Fisher is an economist who served at the Bank of England for 26 years including five years on the MPC and two as Deputy Head of the PRA. He works and writes on climate-related financial policy and is currently a member of the UK Green Technical Advisory Group and a Fellow at the Cambridge Institute for Sustainability Leadership. He is a visiting professor at Warwick, where he teaches central banking and the London Institute for Banking and Finance, where he teaches sustainable finance.
Chief Operating Officer, Integrity Council for the Voluntary Carbon Market
William is COO for the ICVCM, the new global governance body to set and enforce threshold quality standards for the voluntary carbon market. Prior to that he had a 25-year career in financial services. Most recently he was Group Chief Risk Officer and member of the Group Executive Committee for RSA Insurance Group plc for 7 years, responsible for Risk, Assurance and Compliance groupwide. Prior to RSA he held roles at HSBC Investment Bank, Aviva, the UK Financial Services Authority and Deloitte.
William is a leading voice on climate risk in the financial sector, having served as a member of the ClimateWise Council and of the UK’s Climate Financial Risk Forum, and as chair of the Emerging Risks Initiative of leading global insurers, publishing a major climate study ‘The Heat is on – Insurability and Resilience in a Changing Climate’.
Executive Director and Team Lead Sustainability and Climate Risk, UBS
Anna is an Executive Director and Team Lead Sustainability and Climate Risk at UBS, a position she recently took on. Previously, she held a series of Director-level roles at UBS relating to sustainability and climate risk. Prior to joining UBS, she worked as a consultant for South Pole, focused on sustainable finance and climate risks and opportunities. Her previous roles include Commercial Director of Carbon Markets at MexiCO2 and Program Director and Lecturer at Tecnológico de Monterrey. Anna holds a M.S. in Economics from Aalto University School of Business in Helsinki, Finland and a B.S. in International Business from Helsinki School of Economics.
President, GARP Risk Institute
Jo has worked on a variety of risk areas at GRI, including stress testing, operational resilience, model risk management and climate risk. Her career prior to joining GARP spanned public and private sectors, including working as the Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority and as Global Head of Stress Testing at HSBC.
Co-President, GARP Risk Institute
Co-President, GARP Risk Institute
Jo Paisley is co-President of the GARP Risk Institute, the thought leadership arm of GARP. Set up in early 2018, the Institute works across all risk disciplines, with Jo’s focus to date on climate risk management and scenario analysis, stress testing and operational resilience.
Her career began at the Bank of England where she worked in a variety of roles across macroeconomics, statistics, supervision and risk. Her last role was as a Director of the Supervisory Risk Specialists Division within the Prudential Regulation Authority, where she was heavily involved in the design and execution of the UK’s first concurrent stress test in 2014. She left the Bank in 2015 and joined HSBC as their Global Head of Stress Testing. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing.