The EU’s decision to regulate all airlines flying into or out of the 27-nation bloc under its Emissions Trading System (ETS) from January next year has met fierce opposition from many airlines. They warn of a substantial additional cost burden, a loss of competitiveness, and even a trade war with China. Other observers say the initial cost burden will be minimal, dismiss talk of a trade war as scaremongering and note that aviation emissions are rising fast.

Hear our speakers discuss the likely impact:

Impact on the airlines
Overall cost predictions; Impact on different carriers; Impact on credit quality
Michael Wilkins, Managing Director Environmental Finance, Standard & Poor's

Impact on the EU Emissions Trading Scheme
Details of the legislation; Update on legal challenges; Allocation of Aviation EU Allowances;
Likely impact on other sectors in the ETS; UK enforcement issues, including the implications of fleet lien
Tim Baines & Ben Peacock, Senior Associates, Norton Rose

Aviation’s sector’s progress on GHG emissions
Market context – high fuel prices, modest demand growth; Operational Emission Reduction Measures; Outlook for biofuels; Implementing an effective carbon procurement strategy
Alex Meredith, Senior Carbon Lawyer, Camco

Whether you are a forestland owner, policy-maker, investor, or user of biomass products, this event will expand your understanding of both the opportunities and the challenges of scaling up sustainable biomass as a profitable business model.

European policy on bioenergy
Update on the latest developments in EU legislation; Key targets and trends in bioenergy; New bioenergy sustainability indicators: Implications for industry
Pat Howes, Bioenergy Knowledge Leader, AEA

North American Biogas and Waste-to-Energy Policy
Update on the latest biomass / biogas legislation; Policy and economic drivers; Demand / supply side; Implications for industry
Patrick Serfass, Executive Director, American Biogas Council

Recent trends in wood energy
Developments in demand, supply and trade; Pellet prices; Competing demand for residues, e.g. pulp, paper and solid wood products versus bioenergy; US market in comparison to Europe
Hakan Ekstrom, President, Wood Resources International

 

 

Forestry and other land-use projects are among the fastest growing sectors of the carbon market and have been stimulated recently by the Cancun Agreement and inclusion in the emerging Californian cap-and-trade framework.  However, developing and investing in REDD+ and other land-use carbon offsets requires specialised expertise. 

Our series of four webinars – held in February & March 2011 - and produced in association with Terra Global Capital – covered all the key technical aspects of developing and investing in REDD+.

Click here to go to the webpage

 

 

California's Carbon Market, 27 January 2011

 

 

 

 

 



PRESENTATION ONE - Market overview - Key features of the proposed cap-and-trade program
Size of cap
Affected sectors
Allocation method
Banking / borrowing
Role of offsets
David M. "Max" Williamson, Counsel, Andrews Kurth LLP

PRESENTATION TWO - Outlook for trading 
Major market participants
Forecasts for early carbon prices
Potential size of market 
Development of a ‘grey’ market
Andrew Kruger,Vice President and Manager, Sulfur Dioxide, Nitrogen Oxide, Emission Reduction Credit, and Greenhouse Gas/Carbon Credit Desk, CantorCO2e

PRESENTATION THREE - Implications outside California
Western Climate Initiative – who’s in; who’s out?
Potential links with other trading regimes
Supply and demand for offsets
Greg Arnold, Managing Partner, CE2 Capital Partners

 

 

 

 

Financing Sustainable Forestry - 29 October 2010

 

 

 

 

 

 

 

PRESENTATION ONE - Rolling out REDD at a global scale
Status of global REDD efforts today 
What needs to be done over the next 3-5 years?
Fast-start action – USD 4bn pledged for 2010-12
What have we learned from multilateral/bilateral initiatives?
National vs sub-national approach: What is the role of smaller project-level interventions?
Per Fredrik Ilsaas Pharo, Special Director, Government of Norway´s International Climate and Forest Initiative

PRESENTATION TWO - Private sector investment opportunities
Economic drivers behind forestry
Timber, carbon and ecosystem revenues
Potential risks and returns
David Brand, Managing Director, New Forests

PRESENTATION THREE - Carbon finance & forestry
CDM projects in afforestation and reforestation
Outlook for REDD projects
Developments in standards and methodologies
Price trends for forest carbon credits
Robert O’Sullivan, Executive Director, North America, Climate Focus

 

 

 

 

 

 

Forestry Finance, REDD & the Carbon Market - 6 August 2010

 

 

 

 

 

 

 

 

 

PRESENTATION ONE – Update on status of REDD and REDD+ in UN climate negotiations  
Intergovernmental REDD+ Partnership
Role of the private sector
Bilateral agreements
Andrew Hedges, Partner, Norton Rose

PRESENTATION TWO – Financing REDD projects
Challenges to overcome
Case studies
New approaches
Jan Fehse, Head of Forestry Services, EcoSecurities

PRESENTATION THREE – Forestry carbon projects in North America
Supply & demand for voluntary forest carbon credits
Which standards are favoured?
Price trends for forestry credits
Outlook for forestry credits in North American compliance markets
Jeff Calvert, CFO, ERA Ecosystems

 

 

 

 

 

 

 

 

Sustainable Forestry & Biomass - 28 April 2010

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE- Investing in Agriculture, Forestry and Other Land-use Carbon Projects
Regulatory outlook for AFOLU offset value
Identifying projects and qualified partners
Developing the AFOLU carbon assets
On-going risks
Leslie L. Durschinger, Founder & Managing Director, Terra Global Capital

PRESENTATION  TWO - CASE STUDY: Investing in sustainable forestry and biomass
Investor trends and drivers
Analysis of income streams from forests and forestry biomass
Assessing potential returns
Where next for sustainable investment?
Chandler Van Voorhis, Managing Partner, C2I

PRESENTATION  THREE - Trading opportunities in carbon forestry projects
Outlook for available projects
Pitfalls and benefits of investing
Analysis of the current market and demand/supply side
Structures and prices
Nicholas Martin, Chief Technical Officer, American Carbon Registry

 

 

 

 

 

 

 

 

 

 

Financing Sustainable Forestry - 1 October 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE  -Outlook for forestry incentives in future climate change negotiations
Role of carbon markets in protecting forests
Should the reduction of emissions from deforestation and degradation (REDD) be eligible for carbon credits in post-2012 international agreement on climate change?
Public vs private funding of forestry protection
Andrew Hedges, Chair of the REDD Working Group, The Carbon Markets & Investors Association

PRESENTATION TWO - Investing in sustainable forestry, timber and forestry assets
Forestry as an asset class
Sustainability criteria
Investor trends and drivers
Assessing potential returns
Aims and achievements of new forestry funds
Where next for sustainable forestry investment?
Jason Scott, Managing Partner & Co-founder, EKO Asset Management Partners

PRESENTATION THREE - Biomass in power generation
Analysis of major new investments
Economic and environmental implications
Choice of feedstocks – securing the supply chain
Financing mechanisms
Yves Crits, CEO, 4Energy Invest

 

 

 

 

 

 

 

 

 

 

 

 

Reforming the EU ETS Infrastructure - 30 June 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 




PRESENTATION ONE: Overview of the main amendments to the EU ETS registry proposed by the European Commission in preparation for Phase III
Closing the security gap and restoring the integrity of the EU ETS market infrastructure
Establishing a new Union Registry and a central IT platform – expected goals and timelines
What will happen to all the national registries in the EU ETS?
Kevin Williams, Manager, Climate Change & Sustainability, KPMG

PRESENTATION TWO: Understanding new registry regulations and terms of use
Clarification of legal framework applicable
Narrowing down legal uncertainties and addressing existing contracts
Potential repercussions in non-compliance
Peter Zaman, Partner, Clifford Chance

PRESENTATION THREE: Trading under the revamped scheme
What the registry reforms mean for trading 
Transitioning from one system to the next 
How allowance auctioning will work with the new system
Trevor Sikorski, Director of Carbon Markets & Environmental Products Research, Barclays Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Bonds - 15 October 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




PRESENTATION ONE - Climate Bonds
Outlining the concept
Financing the transition to a low-carbon economy
Complementing the existing carbon markets
Returns and guarantees
Sean Kidney, Chairman, Climate Bonds Initiative

PRESENTATION TWO - Forestry bonds
Growing interest in forestry investments
A source of funding for REDD+ projects?
Likely issuers and investors
Challenges to be overcome
Simon Petley, Co-Founder and Director, EnviroMarket

PRESENTATION THREE - Clean energy bonds
Who’s buying; who’s issuing?
Roles of public and private sector
Examples of recent issues
Risks and returns
Christopher Flensborg, Head of Sustainable Products and Product Development, SEB Merchant Bank 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Impact of Aviation, Auctioning and New Offset Rules - 2 June 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - Auctioning of allowances
Up to now, most EU allowances have been given to companies covered by the scheme free of charge (which has resulted in windfall profits for some companies) but in Phase III, many more will be auctioned. The precise percentage to be auctioned, how the percentages vary from industry to industry and from country to country are all controversial issues.
Trevor Sikorski, Director, Environmental Market Research, Barclays Capital.

PRESENTATION TWO - International offsets (CDM and JI)
If companies find it difficult or very expensive to reduce their own emissions sufficiently to stay within their 'cap' (the number of EU allowances they were given) they can use CDM or JI credits to partially 'offset' their emissions. In Phase III of the EU ETS, however, the Commission plans to tighten up on the number of CDM/JI credits that are allowed and on the type of offset projects that are eligible.
Emmanuel Fages, Head of Market Analysis and Regulatory Affairs, Orbeo.

PRESENTATION THREE - Aviation
Introduction of aviation sector into the EU Emissions Trading Scheme (much resisted by airlines due to the poor economic state of the industry). The airlines are expected to be net buyers of EU allowances so there will be an impact on all other participants in the EU ETS.
Alex Meredith, Associate, Hunton & Williams; Vice-Chair, Aviation Working Group, CMIA.

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 26 May 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - Price and volume trends for EU Allowances
Impact of Germany’s nuclear plant closures
Recent problems in the spot market
Middle East tensions and oil prices
Other fundamental price drivers: weather, power prices, utility hedging
Laura Fidao, Analyst, IDEACarbon

PRESENTATION TWO - The UK’s price support mechanism
A tax or a floor price?
Impact on EUA demand
Bullish or bearish for carbon prices?
Daniel Radov, Associate Director, NERA Economic Consulting

PRESENTATION THREE - End of an era for CERs?
Outlook for prices in 2012?
Rapid increase in issuance
Changes in the CER/EUA spread
Preparing for a two-tier market
Lars Karlbom, Trading Analyst, Tricorona

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 15 December 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - EU Emissions Trading Scheme – how auctions and
CER limits will affect prices
Trevor Sikorski,Director, Environmental Market Research, Barclays Capital

PRESENTATION TWO - US carbon markets after the mid-term elections
Nick Martin, Chief Technical Officer, American Carbon Registry

PRESENTATION THREE - Review of progress at Cancún and how it will affect carbon markets
Alina Averchenkova, Director, Climate Change and Sustainability, Global Advisory, KPMG

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 10 September 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - Market drivers in the EU carbon market
Harry Beamish, Emissions Broker and Pola Kurczych, Head of Research, CarbonDesk

PRESENTATION TWO - Question marks over the Kyoto mechanisms
Tuomas Rautanen, Senior Analyst and Mischa Classen, Senior Project Manager, First Climate

PRESENTATION THREE - Where next for US carbon markets?
James Balsan, Managing Director, Bank of New York Mellon

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 18 March 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - Expectations for EU ETS emissions data and how the end of April deadline is affecting CER prices and the behaviour of compliance buyers
Benedikt von Butler, Director, Environmental Products, Citigroup Global Markets

PRESENTATION TWO - The impact of the Copenhagen Accord on carbon prices and what this means for CER buyers. 
Alessandro Vitelli, Director, Strategy & Information, IDEACarbon

PRESENTATION THREE - Outlook for US market pricing amid legislative uncertainty
Steven Schleimer, Director, Barclays Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 16 December 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - How is the UN Climate Change Conference (COP 15) likely to impact carbon prices
Emmanuel Fages, Head of Market Analysis and Regulatory Affairs, Orbeo

PRESENTATION TWO - How recent federal policy developments have affected prices in the US carbon markets
Adam Raphaely, Director, Green Markets, TFS Energy

PRESENTATION THREE - Outlook for 2010: Key issues to watch and price expectations in the EU Emissions Trading Scheme and the Clean Development Mechanism
Erwan Créhalet, Carbon/Climate Change Analyst, CA Cheuvreux

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 27 August 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - Recent price trends in the EU ETS and the CDM and what this means for buyers and sellers.
Marcelo Labre, Global Head of Analytics and Methods, Standard Bank 

PRESENTATION TWO - Recent historic federal policy developments in the US climate change legislation and how they’ve affected carbon prices.
Lenny Hochschild, Managing Director, Evolution Markets

PRESENTATION THREE - What will move carbon prices before Copenhagen.
Adrien Assous, Chief Carbon Economist, Natixis Environnement & Infrastructures

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 20 May 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - Analysis of the key 2008 verified emissions data from installations in the EU ETS and the outlook for 2009
Neil Cornelius, Head of European Energy Markets, ICF International

PRESENTATION TWO - RGGI: Price signals and the latest forecasts for the US carbon market
Harold Buchanan, Managing Partner, CE2 Capital Partners

PRESENTATION THREE - Current trends in prices for voluntary carbon credits
Amit Oza, Senior Emissions Broker, TFS Green

 

 

 

 

 

 

 

 

 

 

 

 

 

Carbon Prices Quarterly Update - 20 February 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENTATION ONE - Early price signals and latest forecasts for the US carbon market
Will Babler, Principal, First Capitol Risk Management

PRESENTATION TWO - Recent trends behind price drivers in the EU Emissions Trading Scheme
Trevor Sikorski, Director, Environmental Markets Research, Barclays Capital

PRESENTATION THREE - How latest policy developments will influence long-term prices in the global carbon markets
Michael Grubb, Chief Economist, The Carbon Trust

 

 

 

 

 

 

 

 

 

 

 

 

 

Prices and How to Order £69 / US$110 / €80.00 + 20% VAT Online – click on the relevant rate below to order and pay - then email to let us know which webinar you are interested in. Email your details to Selina Perry at conferences@environmental-finance.com Telephone +44 (0)20 7251 9151 All major credit and debit cards accepted. If you wish to pay by bank transfer or cheque please continue with your online order and select the 'request invoice' option at the checkout. Further discounts may be available for bulk orders.