Event Details:

Climate Week Carbon Briefing: Latest Policy Developments and Market Outlook
Thursday, September 25, 2025
7:45 am – 9:00 am EST

Featured Speakers

	Bo Qin – BloombergNEF  – Head of Americas, Environmental Markets and Weather
	Luke Oliver – KraneShares – Managing Director, Head of Climate Investments, Head of Strategy

California’s cap-and-trade program is one of the most closely watched compliance carbon markets in the world, covering nearly 80% of California’s economy—now the fourth largest globally. Offering equity-like risk/return, low correlation, and deep liquidity, the market’s unique structure supports upward price pressure through a declining annual cap on emissions that creates supply scarcity over time and a downside floor that rises annually above inflation. Unlike voluntary offsets, California Carbon Allowances (CCAs) are legally backed, government-regulated contracts, with annual trading volumes increasing fivefold over the past five years to exceed $70 billion, cementing their status as a compelling emerging alternative asset class among major banks, the CFA Institute, and leading consultants.

As the state’s legislative session concludes next month, all eyes are on the latest regulatory developments. Key items on the table include extending the program through 2045 and tightening allowance supply to align with California’s more ambitious emissions-reduction goals—both of which will shape the future supply-demand balance.

Join us during Climate Week for a breakfast discussion with Bo Qin, Head of Environmental Markets and Weather at Bloomberg, and Luke Oliver, Head of Strategy and Portfolio Manager at KraneShares, as they break down the latest legislative outcomes and their implications for both California and the largest most liquid carbon market, the European Union.

Space is limited for this complimentary event. Register now to reserve your seat.