Two-Day Intensive Training Course: California Cap-and-Trade (Sept 25-26)
Date and time
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Description
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Course description
Download the updated, detailed agenda.
This two-day intensive course provides an in-depth training on California cap-and-trade from an economic, regulatory, legal, and financial perspective. The first day focuses on regulations and policy, and the second day on economic analysis and financial strategy.
The course includes a mix of lectures and hands-on case studies to foster learning and interactions between participants. It also feature expert guest speakers who will discuss their experience setting up carbon contracts and developing state-of-the-art compliance and trading strategies.
The courses are complementary but can be taken independently. There is no prerequisite for Day 1. Day 2 participants must have a up-to-date knowledge of California climate policy and carbon regulations (or attend Day 1).
Who should take this course?
This course is geared towards energy and industrial companies with exposure to carbon markets in California, as well as any other professional who needs a solid understanding of California’s cap-and-trade program.
It will provide busy professional with a full update on all the rcent regulatory changes and market developments, and delve into technical aspects of contracting and offset risk management.
Learning Objectives
After attending this course, participants will have a thorough understanding of:
Cap-and-Trade Regulations
- California's cap-and-trade regulation and market design
- Proposed regulatory changes and their market implications
- Quebec regulations and market dynamics, expectations from the linkage
Market Economics
- Fundamental price drivers and long term price forecasts
- Short-term market dynamics and recent price developments
- Offset supply and project pipeline
- Carbon instruments and the new CCA contract
- Tools to manage offset liability and other offset risks
- Overlap and articulation with Federal climate policy
Risk Management
- Developing a compliance strategy
- Balancing emission reductions and trading
- Building a compliance instrument portfolio
Agenda
Day 1: Regulations & Contracts - September 25, 2013
- Cap-and-trade in context: Scoping Plan Update and complementary policies
- California’s cap-and-trade regulations and market design
- Proposed regulatory amendments and market implications
- Carbon contracting: what you need to know
- Quebec's regulations and market dynamics; implications for California
Day 2: Markets & Compliance Strategy - September 26, 2013
- Price fundamentals: demand and supply drivers, long-term price forecasts
- Short-term market dynamics and recent price developments
- Managing offset liability and other offset risks
- Outlook for offset supply and project development cycle
- Developing a compliance strategy and building a compliance portfolio
About the instructor
Emilie Mazzacurati, Four Twenty Seven
Emilie Mazzacurati is the Managing Director of Four Twenty Seven, a climate research and advisory firm. Ms. Mazzacurati has published extensively on California climate policy and carbon markets, federal climate legislation, and the interaction of carbon with other commodity markets. Previously, she was Head of Global Carbon Analysis at Thomson Reuters Point Carbon, where she directed Point Carbon’s research department for carbon in North American and global markets. Ms. Mazzacurati teaches on carbon markets and climate risks at the University of California Davis and has trained hundreds of professionals on carbon trading over the years. www.427mt.com
Featured guests speakers
Rick Saines, Baker McKenzie
Rick Saines is a Partner at Baker McKenzie, where heads the North America Climate Change and Environmental Markets Practice. He is widely published and globally recognized as a leading climate change lawyer, bringing over a decade of experience on climate change law matters advising multinational companies, financial institutions, funds and project sponsors on carbon and environmental market transactions within the international, regional and voluntary markets. Mr. Saines also advises major global corporations on climate change policy, sustainable development and global corporate greenhouse gas compliance and management.
Lenny Hochschild, Evolution Markets
Lenny Hochschild is a Managing Director for Evolution Markets. Mr. Hochschild manages Evolution Markets' Carbon America 's Group. Mr. Hochschild assists a broad base of North American and Latin American clients in assessing risk, establishing market strategies, and executing transactions in the global carbon market. He leads one of the market's largest and most experienced teams of carbon brokers and carbon project originators, which has been at the forefront of carbon market design in the U.S. and a pioneer in carbon trading product development and ground breaking transactions. Mr. Hochschild, a native South African, graduated cum laude with a bachelor's degree from the University of Rochester.
Bertrand Fouss, EcoRessources
Bertrand Fouss currently acts as a Strategic Advisor for ÉcoRessources, where he previously held the position of Director – GHG Management. ÉcoRessources is a consulting firm that supports clients in managing risks and seizing opportunities related to climate change and, more broadly, resources scarcity. ÉcoRessources is a pioneer in the carbon markets in Canada and is also active in Europe and South America. In the context of his functions, Mr. Fouss is responsible for giving training sessions to industrial players impacted by the carbon market. Mr. Fouss holds a MBA from HEC Montreal and he has previously held different managerial positions in several industrial sectors.
Odin Knudsen, Real Options International
Odin K. Knudsenis the President and CEO of Real Options International, a carbon finance advisory firm. He co-Founded J.P. Morgan's leading environmental markets business as a Managing Director responsible for global origination and then business development and strategy. At J.P. Morgan, he built one of the largest and most successful portfolio of carbon projects in investment banking, helping J.P. Morgan and its subsidiary EcoSecurities become leading providers of carbon offsets. Knudsen has nearly three decades of experience at the World Bank, where he was Deputy Vice President and Senior Advisor and oversaw the bank's carbon finance business, growing carbon offset transactions from $140 million to over $1 billion, with nearly $2 billion of funds under management in the carbon offset market. He also serves on the American Carbon Registry advisory council and was a former board member of Point Carbon.
www.realoptionsinternational.com
How to register
If you would like to register for one day only, select the date that corresponds to the day you would like to attend, then pick the appropriate "one day" rate.
To register for both days, select the "Sep 25-Sept 26 (Wed-Thu)" date and select the appropriate "two day" rate.
We offer discounts for multiple registrants from a single organization - contact us for more details.
Please direct any questions to emazzacurati [at] 427mt [dot] com or call 415.420.0074
