8:00 Registration

8:30 Potential sources of carbon market advantage: economics perspective

9:10 Carbon strategy in an evolving legal & policy landscape

9:50 Review of emission market basics & discussion of methods
- Round 1 strategic analysis review & market conditions release

10:20 Morning break

10:40 Post-Copenhagen supply dynamics - international carbon offsets
- Round 2 strategic analysis review & market conditions release

11:15 Emissions market trading simulation (75 minute group activity)

12:30 Lunch (incl guest briefing on impact of Financial Reform Law)

1:15 Near-term domestic market carbon allowance demand dynamics
- Round 3 strategic analysis review & market conditions release

2:00 Near-term domestic market carbon offset supply dynamics
- Round 4 strategic analysis review & market conditions release

2:30 Afternoon break

2:45 Long-term supply-demand dynamics
- Round 5 strategic analysis review & market conditions release

3:15 Risk management - practice in post-collapse financial markets

4:00 Putting it all together
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Pre-Course Preparation Materials: Carbon Portfolio Management Preview
(sent ahead of the event)

During the seminar participants will be asked to make investment and execution decisions for a simulated portfolio across a range of carbon market opportunities, both individually and in a group trading exercise. Each participant will begin with the same portfolio position and be given the chance to adjust their holdings in a series of rounds given an assumed sequence of market conditions revealed in successive rounds. In order to stimulate consideration of a priori positions on the various market conditions, a short descriptive summary of case materials will be sent on receipt of payment.