nbsp;http://www.environmental-finance.com/con…

 http://cleantechinvestor.co.uk/component…

CARBON FINANCE NORTH AMERICA 2008 - RISKS AND OPPORTUNITIES IN EMISSIONS (CARBON) MARKETS.

A CLEANTECH GATHERING

New York City, June 4, 5 & 6

Venue:
Park Central New York
870 7th Avenue @ 56th Street, New York, NY 10019, USA
Tel: +800 346 1359 or +212 247 8000

Contact details:
If you have any enquiries regarding this conference, please contact Environmental Finance Conferences.

Tel +44 (0) 20 7251 9151
Fax +44 (0) 20 7251 9161

 info at environmental-finance.com

Conference Program.

DAY ONE: Wednesday, June 4

8.00–8.30 Registration & networking breakfast

8.30 Opening of conference & chairman’s welcome address
Timothy D. Juliani, Senior Markets & Business Fellow, Manager of BELC Relations, Pew Center on Global Climate Change

8.45 KEYNOTE ADDRESS: US carbon policy and market activity in the context of global action on climate change
Alexander B. Pete Grannis, New York State, Commissioner of Environmental Conservation

9.20 KEYNOTE ADDRESS: Linking tradable permit systems for greenhouse gases – a post-2012 perspective on global climate action
Robert N. Stavins, Albert Pratt Professor of Business & Government, John F. Kennedy School of Government, Harvard University

9.55–10.25 Coffee break & networking

10.25 Comparing the EU trading scheme and expected US cap-and-trade programme
Allocation process for emission allowances
Treatment of domestic and international offsets
Legal issues in cap-and-trade programmes
Christopher Norton, Partner, Lovells

11.00 PANEL DEBATE: Update on regional US emission reduction initiatives and trading systems
Analysis of current programs e.g. RGGI, Midwestern Greenhouse Gas
Reduction Accord, Western Climate Initiative, California: AB32 and the
Climate Registry
How to overcome challenges in implementing regional initiatives
David Hunter, Director, US Policy, IETA
Gary Gero, President, California Climate Action Registry
Christopher Sherry, Research Scientist, New Jersey Department of
Environmental Protection, Chair, RGGI Staff Working Group
Michael W Sole, Secretary, Florida Department of Environmental Protection
Adam Raphaely, Director, Green Markets, TFS Energy

12.00 Emerging trends in today’s voluntary carbon markets
Increasing the types of projects that have value in the voluntary market
The convergence of renewable power and greenhouse gas initiatives
Additionality and the voluntary markets
Susan Wood, CEO, SCC Americas

12.35–2.00 Lunch & networking

2.00 UN climate change negotiations and implications for carbon markets
– expert analysis of the Kyoto Protocol
State of negotiations and key policy trends
Responses to policy from the carbon market
Implications for carbon derivatives
Abyd Karmali, Managing Director & Global Head of Carbon Emissions,
Merrill Lynch

2.35 Making the most of CDM opportunities in the Americas
Blueprints for buyers and sellers looking for new project activities and
project finance
How is the CDM working in Latin America in the run up to 2012?
Hernan Carlino, Centro de Estudios en Cambio Global,
Instituto Torcuato Di Tella, Argentina

3.10 Ensuring the integrity and high quality of carbon offsets
Merits of different offset types and examples of successful projects
Understanding the key attributes of high-quality carbon offsets
Andrei Marcu, CEO, BlueNext

3.45–4.15 Coffee break & networking

4.15 Review of financial instruments linked to carbon credits/carbon allowances
Simple financial instruments: EUA and CER swaps
EUA and CER options: observed developments
Investor products: indices, trackers, structured products
Emmanuel Fages, Head of Business Development, Orbeo

4.50 PANEL DEBATE: Investment opportunities in domestic and global carbon markets
Where do the opportunities for investors lie?
Investing in energy efficiency, carbon sequestration and emission
reduction projects
Achieving maximum ROI in carbon finance
Carbon funds, institutional and private equity investments
Kenneth Ivanic, VP of Environmental Markets – North America, World Energy
Michael Ashford, Senior Vice President, Carbon Markets, Econergy
Bill Blake, Director of Emissions Trading, Shell Energy
Eron Bloomgarden, Country Director of US Operations, EcoSecurities
Björn Fischer, Managing Director, First Climate

5.50 Chairman’s closing remarks

6.00 Networking drinks reception
DAY TWO: Thursday, June 5

8.15–8.40 Registration & networking breakfast

8.40 Opening of conference and chairman’s welcome address
Daniel L Chartier, Manager, Air Quality Programs, Edison Electric Institute

8.45 The role of private carbon funds and the World Bank in the carbon markets
World Bank carbon initiatives, funds and facilities
Tackling the key challenges, including low-carbon growth, limited financing and scaling up
Veronique Bishop, Senior Financial Specialist,
World Bank’s Carbon Finance Team

9.20 PANEL DEBATE: How to identify and execute the best projects
Perspectives of funds, brokers, project developers and emitters
Opportunities and challenges in sourcing carbon credits
Robert O’Sullivan, Executive Director, North America, Climate Focus
Neil Cohn, CEO/Co-founder, OriGen Climate Partners
Sean Clark, Director of Offset Programs, The Climate Trust
Gary Hart, Consultant, ICAP Energy
Katherine Ryzhaya, Principal Structured Transactions,
Pacific Gas & Electric Company

10.30–11.00 Coffee break & networking

11.00 Risk management strategies for emission reduction projects
Risk management products for CDM projects
Quanto structures and contingent solutions
Guarantees, insurance and next generation products
Albert Schootstra, Vice President, Capital Management and Advisory,
Swiss Re Financial Services Corporation

11.35 Quantifying carbon risk and company performance for investors
Carbon emissions of 850 high carbon intensity publicly-held companies
Analysis and rating of company risks, management, performance trend and opportunity in terms of carbon
Hewson Baltzell, President & Co-founder, Innovest Strategic Value Advisors

12.10 The agriculture and forestry sector’s capacity for GHG mitigation, carbon capture and sequestration
CDM vs. performance standards
Creating offsets that work for a compliance market in the US
Scott M. Porter, Director Corporate Development, 3Degrees
Constance Best, Managing Director, The Pacific Forest Trust

12.45–2.15 Lunch & networking

2.15 Outlook on climate change policy and its implementation in Canada
Canadian carbon markets and emissions trading activity
Canada’s Kyoto target – how is implementation going?
Julia Langer, Director, WWF Canada

2.50 Update from the Chicago Climate Exchange
Industry actions and financial impacts
Carbon as an asset class
2007/2008 CCX market recap
Rob McAndrew, Senior Vice President, Chicago Climate Exchange

3.25–3.50 Coffee break & networking

3.50 How to meet monitoring, reporting and verification commitments to ensure compliance
Scope and methodology of verification – main principles
Potential pitfalls in achieving quality of evidence and compliance with
monitoring plan
Robert Dornau, Director, Climate Change Programme, SGS

4.25 Key lessons from successes and challenges of the EU Emissions Trading Scheme.
What can be learnt from the trading patterns and price movements in Phase I of the Scheme?
Outlook for Phase II and beyond in the EU ETS
Sonia Hamel, Advisor on Climate Action and Emissions Trading, UK

5.00 The Gold Standard – experiences in designing premium quality-based offset schemes.
Key criteria for a credible offset scheme
Challenges faced in project selection
Managing non-carbon risks
Michael Schlup, Director, The Gold Standard

5.35 Chairman’s closing remarks & close of conference
DAY THREE: Friday, June 6

Carbon Markets Workshop presented by Merrill Lynch.
Preparing for the US Carbon Market

9.15 SESSION ONE: Overview of the carbon markets.

Opening remarks
Abyd Karmali, Managing Director & Global Head of Carbon
Emissions, Merrill Lynch

Scenarios for evolution of the US emissions markets
Steve Fine, Vice President, ICF International

10.30–11.00 Coffee break & networking

11.00 SESSION TWO: Understanding the carbon credit markets.

CDM/JI/Voluntary - Martin Berg, Vice President, Merrill Lynch

Legal considerations
Bill Thomas, Partner, Skadden Arps

12.20 – 1.45 Lunch & networking

1.45 SESSION THREE: Carbon management

Best practice in carbon footprints,
Craig Ebert, Executive Vice President, ICF International

Strategies for selecting and procuring offsets,
Jason Patrick, Vice President, Merrill Lynch

3.00–3.20 Coffee break & networking

3.20 SESSION FOUR: Risk management
Preparing for verification,
Robert Dornau, Director, Climate Change Programme, SGS

Hedging and managing risk in a cap-and-trade scheme,
Abyd Karmali, Managing Director & Global Head of Carbon
Emissions, Merrill Lynch

4.35 Closing remarks