The EU Emissions Trading System (EU ETS) is a cornerstone of the European Union's policy to combat climate change and is soon to undergo some important modifications. Under plans from the European Commission, a new single Union Registry will be established by January 2012 along with new registry regulations and terms of use. Following the recent cyber attacks on registry accounts, steps have been taken to enhance security and restore the integrity of the EU ETS market infrastructure. 

These will be the first of many changes to the EU ETS’s systems and processes in preparation for the start of Phase III of the programme in 2013, and will coincide with the aviation sector joining in. However, these amendments will bring a host of challenges for both market participants and registry administrators. 

By attending this informative webinar, you will get a complete picture on the likely implications that the registry reforms will have on trading and contract terms

EVENT AGENDA

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

BENEFITS OF ATTENDING