
Grattan MacGiffin, MF Global
What do you and your organization do in the Carbon Markets sector?
MF Global is the world’s largest futures and options broker. I broker VERs and primary CERs, and use my market experience and knowledge to provide independent price discovery to match Buyers with Sellers.
What do consider to be the key factors which will affect the growth of the Asian Carbon Market?
I think the growth is inevitable in both the Voluntary and CDM markets and this will be driven by both the sell and buy-sides as project developers secure more investment with which to increase rate of project implementation; also buyers are looking outside of the China and India for sourcing VERs (portfolio balancing) and to a lesser extent, CERs too.
What do you consider to be the most interesting CDM developments and biggest challenges in Asia at this time?
The continued growth of CDM in Asia; generating in-demand VER project methodologies and not necessarily replicating China and India.
What is the most interesting carbon mitigation project in Asia that you have come across and why?
I suppose, large scale hydro in Laos and Cambodia – wasn’t aware they had any!
How do you think Asia will be affected by future regulatory developments?
I think Asia will benefit from future regulatory developments particularly if these curtail HFC and N2O projects.
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