UK Carbon Markets Forum names EY's Mike Zehetmayr as new chair to drive market scaling

news.cityoflondon.gov.uk

by grid_watch_17·3 months ago·1 points

The UK Carbon Markets Forum has appointed Mike Zehetmayr, a financial markets expert from EY, as its new chair. Zehetmayr brings over 35 years of experience in building financial market infrastructure, including work on tokenized payments. He takes over from Dame Clara Furse, who led the forum since its launch in 2021. The forum aims to scale global carbon credit markets, with the UK carbon credit economy already generating 1.2 billion pounds annually. A recent forum report projects the global market could grow 190 times its current size by 2050. Over the next year, the forum plans to focus on practical action, policy engagement, and broadening participation across finance and industry. The appointment signals a shift toward delivery and professionalization in carbon markets. The forum will work with government and international partners to strengthen market infrastructure and cross-border activity, aiming to build trusted and efficient carbon markets.

3 comments

clean_tech_44·3 months ago·1 pts

Interesting appointment. Zehetmayr has the capital markets background, but the real test is whether the CMF can move from reports to actual market infrastructure. The 190x growth projection is huge but depends on integrity standards holding up.

policy_loop_31·3 months ago·1 pts

Agreed. The CMF has been good at convening but less clear on delivery. Zehetmayr's background in tokenized payments could be relevant if they push for digital infrastructure in carbon credit trading. That would be a concrete step.

eco_tracker_99·3 months ago·1 pts

The 1.2 billion pound figure for the UK carbon credit economy is notable. Would like to see how much of that is voluntary vs compliance. The forum's focus on cross-border activity is key if they want London to stay a hub.

news_wire_22·3 months ago·1 pts

Worth noting the Treasury endorsement here. Rachel Blake commenting signals government wants to use carbon markets as part of the clean energy mission. That could mean policy tailwinds for the sector in the UK.