Carbon Markets Workshop Agenda

A new decade is on the horizon and carbon market industry participants are prepping to navigate increasingly stringent cap-and-trade and carbon dioxide emissions tax regulations, as jurisdictions across North America extend environmental programs into 2020 and beyond. Environmental policy measures are expected to expand in coming years to include additional carbon-producing industries – like international aviation — while also intensifying to reach emissions goals.

Increasing numbers of carbon pricing players need clarity on compliance requirements and the associated costs along with reliable forecasts for hedging and opportunistic deals in the robust secondary market.

Industry stakeholders will continue to seek optionality in meeting policy regulations by purchasing carbon credits and offsets. But at the same time, environmentally conscious companies are vying to voluntarily offset emissions to pursue carbon-neutral status.

Meanwhile, U.S. federal regulatory proposals are setting the stage for potential national carbon pricing, and Canadian policymakers continue to create or abate programs in connection with the federal backstop program.

Key topics to be discussed include:
  • Latest trend analysis and post-2020 carbon pricing forecasts for the California-Quebec cap-and-trade secondary market, which this year amassed a crowd of opportunistic players that helped to greatly increase liquidity and prices.
  • Deep dive into the growing carbon offset credit pool and new regulations that could alter the voluntary and compliance landscapes.
  • Demystifying the upcoming CORSIA aviation carbon emissions reduction program.
  • A rundown of Canada’s provincial carbon initiatives and an outlook on continued federal backlash.

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Agenda

Day 1: Wednesday, December 4, 2019

 

8:00 – 9:00 a.m.

Continental Breakfast/Registration Open


9:00 – 9:45 a.m.

Keynote

Serena McIlwain, Undersecretary, California EPA


9:45 – 10:30 a.m.

California’s Cap-and-Trade Program Enters a New Decade

Mark Sippola, Manager Cap-and-Trade Program Allocation Sector, CARB

California’s Cap-and-Trade program is about to enter 2020 and beyond with increasingly aggressive regulations to cut greenhouse gas emissions. Receive an overview of the program’s evolving and strengthening rules as entities from refiners to power providers look to the next 10 years of compliance.


10:30 – 11:00 a.m.

Refreshment Break

Sponsorship Available


11:00 a.m. – 12:00 p.m.

A New Normal: California-Quebec CCA Secondary Trade Picks up Pace

Chris Busch, Research Director, Energy Innovations
Nicolas Girod, Managing Director of Markets, Clear Blue Markets
Danny Cullenward, Energy Economist, Stanford Law
Moderator: Jaclyn Ferlita, Manager, Emissions Markets- Air Quality Consultants

CCA trade volume has in recent months increased to unprecedented levels in California-Quebec’s cap-and-trade secondary marketplace thanks unexpected interest from hedge funds and speculative players. CCA prices have also increased at an unexpected rate, which has implications for supply and demand. This session will include expert opinions and forecasts on the recent changes in the market and updated pricing scenarios.


12:00 – 12:45 p.m.

Federal Focus: U.S. Legislatures Propose Carbon Pricing Schemes

Jason Ye, Senior Solutions and Outreach Fellow, Center for Climate and Energy Solutions

Federal lawmakers are busy crafting and lobbying carbon emissions reduction program legislation to set into motion nationwide pricing schemes. The proposals are stacking up with varied creative takes for carbon solutions. This session makes digestible and clear the key legislatures involved, the proposed program scopes as well as potential timelines and passage popularity.


12:45 – 2:00 p.m.

Networking Lunch

Sponsorship Available


2:00 – 3:00 p.m.

Demystifying the CORSIA Aviation Carbon Program

Angela Foster-Rice, Principal, Aerial Consulting, LLC
Rene Velasquez, Head of Global Carbon, CBL Markets
Alex Menotti, US Federal Affairs Manager, Neste
Moderator: Megan Boutwell, VP of Operation, Stillwater Associates

Developed by the Civil Aviation Organization (ICAO) The Carbon Offsetting and Reduction Scheme for International Aviation or CORSIA has garnered voluntary participation by more than 70 countries and also major attention from industry players, who question how the carbon cutting scheme could affect supply and demand for a market-based mechanism equivariant to offsetting requirements. Learn expert interpretations on CORSIA regulations and forecasts for how cutting aviation emissions will affect the bigger carbon market environment.


3:00 – 3:45 p.m.

Canada’s Carbon Clash: Federal and Sub-National Emissions Programs Update

Chelsea Bryant, Vice President of Policy and Advisory, ClimeCo

Canada’s federal Output Based Pricing System (OBPS), commonly known as the backstop program, was put into place at the start of this year, but the regulation gave provinces a choice: develop a carbon pricing program that meets federal benchmark requirements or accept the federal pollution pricing systems. These rules set off a cascade effect of court appeals by some provinces, while others continued strategies or implemented the backstop. As the situation continues to unfold at the provincial level, federal lawmakers are forging ahead with next steps for Canada climate action. This presentation paints a clear picture of provincial motives and federal emissions regulations.


3:45 – 4:00 p.m.

Refreshment Break

Sponsorship Available


4:00 – 5:00 p.m.

Navigating Carbon Offset Factors in Future Compliance and Voluntary Markets

Chelsea Erhardt, Trader, Elbow River Marketing
Derek Six, Chief Business Officer, ClimeCo
Scott Hernandez, Senior VP, North America CBL Markets
Lonava Tahreen, Product Manager, Offsets, Californiacarbon.info
Moderator: Andre Templeman, Managing Director, Alpha Inception

Heading into 2020, the supply of carbon offsets both in the U.S. and globally is under demand pressure from a growing conglomeration of established cap-and-trade compliance participants and new entrants into the space seeking offsets for upcoming aviation emissions regulations or to become carbon neutral on a voluntary level. Over the next decade, carbon offsets are expected to play an expanded role in climate rehabilitation, but what does that mean for fundamentals like supply and demand and pricing? This panel of experts will discuss potential market conditions as participants navigate expected voluntary demand as well as more stringent compliance regulations.


5:00 – 6:30 p.m.

Networking Reception

Sponsorship Available

Register Now!