Day One: Thursday, 9 July – programme

Day Two: Friday, 10 July– programme

Documentation

Programme changes

Day One: Thursday, 9 July

8.00 Registration & networking

9.00 Opening of conference & chair’s welcome remarks
Dr Anne-Marie Warris, Chair, UK ETG

9.15 KEYNOTE ADDRESS: European Commission’s view on international negotiations on climate change - outcomes from the UN meeting in Bonn on 1-12 June and expectations for Copenhagen in December
Artur Runge-Metzger, Head of International Climate Negotiations,
European Commission

9.50 KEYNOTE ADDRESS: Phase II – review and assessment of its implementation
• Overview of national allocations
• Trends in EUA prices and trading activity
• Major challenges and lessons learned so far
• Industry’s perspective
Henry Derwent, President & CEO, IETA

10.30 Morning break & networking

11.00 Carbon trading in a recession
• How has the recession changed trading strategies?
• Approaches by different industry sectors, compliance buyers and speculators
• Risk management
Mark Lewis, Managing Director, Commodities Research,
Global Carbon Markets, Deutsche Bank

11.40 EU ETS and global trends in carbon trading
• EU vs. non-EU trading schemes
• Linkages to other existing and emerging markets e.g. US, Australia, New Zealand, Canada and how these influence prices
Wolfgang Sterk, Project Coordinator,
Wuppertal Institute for Climate, Environment and Energy

12.15 Lunch & networking

13.30 PANEL DISCUSSION: Implementing the energy and climate package – does the legislative package offer enough certainty for investment decisions within the EU? Will the 2020 targets be achievable?
Martin Casey, Director of Public Affairs & Corporate Responsibility, Cemex
Adrien Assous, Chief Carbon Economist, Natixis Environnment & Infrastructures
Russel Mills, Global Director, Energy & Climate Change Policy, Dow Chemical

14.45 Where next for carbon prices?
• Implications of oil, coal, gas and power prices for EUA prices
• Why does the bankability of EUAs not seem to support prices
• Long term price signals
Laurent Segalen, Managing Director, Commodities & Environment,
Nomura International

15.15 Afternoon break & networking

15.40 PANEL DISCUSSION: Power sector exposure
• How is it managing in a stricter Phase II?
• Impact of the EU ETS scheme on electricity prices
• What plans are in place/being made for an even tougher Phase III?
Neil Cornelius, Head of European Energy Markets, ICF International
Lieven Bloeyaert, Head of Environmental Markets, GDF Suez

16.40 Carbon trading in Eastern European states
• Supply side of JI projects from Ukraine and Russia
• Experiences in JI track 1 and track 2
• Outlook for latest developments in Green Investment Schemes
• Analysis of ERU prices
Armen Stepanyan, Business Development Director, Global Carbon

17.20 Chair’s closing remarks

17.30 End of Day One

Day Two: Friday, 10 July

8.15 Registration & networking

8.45 Opening of conference & chair’s welcome remarks
Michael Wilkins, Managing Director, Standard & Poor's

8.50 Why is data so critical to an effective ETS and for fungible credits?
• Understanding data - allocation, auctioning, carbon leakage, monitoring, reporting verification, trading
• Why is it important?
• Data risks - incorrect data, lack of appropriate data, decision issues
Dr Anne-Marie Warris, Chair, UK ETG

9.25 PANEL DISCUSSION: Evolution and likely shape of the EU ETS beyond 2012
• Preparing for greater harmonisation
• Expanding the scheme to other sectors e.g. shipping, road transport, forestry
• The case of introducing more gases
• Phase III vs. prospects for a global carbon market
Sanjeev Kumar, Emissions Trading Scheme Coordinator,
WWF European Policy Office
Lee Solsbery, Global Technical Director for Energy and Climate Change, ERM; Member, IETA Board
Christian Egenhofer, Senior Research Fellow, Centre for European Policy Studies

10.20 Outlook for the metals industry: forthcoming state aid rules for financial compensation post-2012
• Requirements to solve indirect carbon leakage
• Why there is no link between "Copenhagen" and financial compensation
Robert J. Jeekel, Director of Energy & Climate Change Policy, Eurometaux

10.40 Morning break & networking

11.00 PANEL DISCUSSION: CDM credits and the EU ETS
• Restrictions on the type of CDM credits that can be used in the EU ETS
• Analysis of the EUA-CER spread and what this means for market participants
• Impact of the CDM reforms on trading activity
Miles Austin, Head of European Energy Regulatory Affairs, EcoSecurities
Thomas Bernheim, Policy Officer, DG Environment, European Commission; Member, CDM Executive Board
Dr Hans Dieter Hermes, Head of Vattenfall Carbon Fund, Vattenfall Europe Generation Ag
Tomas Wyns, Senior Policy Officer (EU ETS & Energy), Climate Action Network Europe (CAN Europe)

12.10 Financial instruments linked to carbon allowances
• The role of hedge funds in the EU ETS market
• EUA and CER swaps
• EUA and CER options
• How they can be used and what they bring to the market
Ben Lashkari, Director, Insurance & Specialty, Swiss Re Capital Markets

12.40 Lunch & networking

14.00 ROUNDTABLE DISCUSSIONS: Topics include:
1. A new generation of financial instruments in carbon finance
2. Trading in a recession – risk management strategies
3. Strategies to enhance industrial energy efficiency
4. Emission reduction opportunities in Eastern Europe
5. CDM credits in the EU ETS
6. Phase III – preparing for further expansion

15.15 Legal and regulatory issues for Phase II and Phase III
Andreas Gunst, Senior Associate, Climate Change and
Emissions Trading, DLA Piper

15.45 Emissions verification – lessons learnt and the way forward
• Experience from Phase I
• Challenges in Phase II
• Outlook for Phase III
Luc Larmuseau, Director, International Climate Change Services, DNV

16.30 Close of conference

Documentation

Additional sets of documentation, at £200/€290/US$350 incl. p&p, can be ordered by emailing conferences@environmental-finance.com.

Programme changes

Environmental Finance Conferences reserve the right to make any necessary changes to the programme without prior notice.