Pre-Summit Seminar
Introduction to Carbon Trading and Finance
Global Change Associates, PGS Energy Training, NYMEX and the Environmental Markets Association present a Half Day Classroom (CPE Approved) on April 1, 2008 in New York City.
A comprehensive half day seminar on US carbon markets as well as the existing SO2 and NOX markets will be taught by Peter Fusaro, Thaddeus Huetteman and Gary Payne. This training will be followed by an emissions trading electronic simulation and then mock trading on the NYMEX trading floor. We complete the afternoon with a cocktail party on the NYMEX floor.
California and other West Coast states as well as Northeastern states are now entering the carbon constrained world through government mandates. Nine Midwestern states are also moving in this direction. In two years, it is highly likely the US Federal Government will mandate economy wide greenhouse gas emissions reductions that will focus on reducing the US carbon footprint of over 6 billion tons. This new financial market will accelerate the rapid deployment of cleantech investment and requires understanding of how the cap and trade program will impact Fortune 1000 companies as well as create new investment opportunities.
This seminar is taught by leading experts in environmental financial markets. It is intended for busy people who in one afternoon can learn what carbon trading and finance, the state of the markets, and what are the investment opportunities. You will learn what “Cap and Trade: are but also the state of play of carbon hedge funds and private equity funds participating in this global market called carbon.
Sponsors:
This 4 hour class incorporates the following elements:
- What are Environmental Financial Markets?
- What are "Cap and Trade" programs and how did they emerge in the U.S. (e.g., SO2 and NOx programs?)
- What is Carbon Trading and Finance?
- What Risks and Opportunities arise for companies under trading programs?
- What lessons can be drawn from existing U.S. trading programs for carbon?
- What will the California Market Look Like?
- What Impact Will the Northeast's Regional Greenhouse Gas Initiatives?
- What Congress is Now Considering on Climate Change?
- What is the EU Emissions Trading Scheme?
- What alternative instruments are available in pre-compliance to lay-off risk?
- International offsets, what is the Clean Development Mechanism Under the Kyoto Protocol
- Voluntary programs, What is the Role of the Chicago Climate Exchange & NYMEX
- Derivatives, (either exchange traded or over the counter)
- What Technology Solutions are Available? Other physical compliance options? How does the cost of compliance influence carbon prices?
- What's the Impact on Cleantech Investment?
- Status of the New Green Business Model?
- Practical Aspects of Emissions Trading
- Emissions Trading Simulation (EMA Trading Group Exercise)
- Hedging Positions using Exchange Traded Options (NYMEX Floor Exercise)
Schedule:
| 12:30 PM | Registration |
| 1:00 PM | Introduction to Emissions Trading & Carbon Market Developments by Peter Fusaro |
| 2:45 PM | Break |
| 3:00 PM | Managing Price Risk in Emissions Trading: Lessons from Existing US by EMA experts Thaddeus Huetteman and Gary Payne |
| 4:00 PM | EMA Practical Aspects of Emissions Trading & Trading Simulation |
| 5:00 PM | Mock Trading on NYMEX Floor |
| 6:00 PM | Cocktail Reception |
Dress is casual. Coffee and snacks will be provided.
Price:
$895
Receive a 20% discount if also attending the 2008 Wall Street Green Trading Summit. Price includes all seminar materials including outside reading background materials.
Register Here
Seminar Materials:
Seminar Workbook
Up-to-Date Carbon Market Primer Summary (July 2007)
Chapter on “New Green Business Model” (April 2007)
Politicians Understand Cap Not Trade (May 2007)
Point Carbon’s Carbon Market Report (April 2007)
Who Should Attend this Seminar?
The focus on environmental financial markets is useful for energy companies, venture capitalists, hedge fund managers, corporate and strategic planners, commodity brokers and traders, technologists, cleantech and greentech companies, family office, pension funds, institutional investors, investment bankers, and entrepreneurs.
Venue:
NYMEX
World Financial Center
One North End Avenue
New York, NY 10282-1101
Tel: 212-299-2000
About Your Instructors:
Peter C. Fusaro is the best selling author of “What Went Wrong at Enron” and has 33 years experience in the energy and environmental markets. He is Chairman and Founder of Global Change Associates, an energy and environmental consulting firm based in New York City. Peter works with hedge funds, investment banks, venture capital, startups and energy companies in the emerging cleantech and carbon trading investment space. He is a frequent speaker at worldwide energy and environmental conferences and is the author of thirteen books including “Green Trading Markets: Developing the Second Wave” (Elsevier, 2005) and “Cut Carbon, Grow Profits (Middlesex University Press, 2007). Mr. Fusaro has a BA from Carnegie-Mellon University and an MA in International Relations from Tufts University. To reach his firm's website, visit www.global-change.com.
Thaddeus J. Huetteman is President of Power & Energy Analytic Resources, (PEAR) Inc, a Georgia corporation providing expert advisory services and technical support to companies seeking to manage environmental risks in deregulated electricity markets. His company publishes Allowance Market Outlooks covering the trading of SO2, NOx, and mercury in the U.S., as well as CO2 across regional and global markets. Mr. Huetteman has extensive experience in the area of emissions credit trading, ranging from modeling allowance market conditions to strategies for improving operational cost competitiveness and was involved in efforts to formulate EPA's model NOx trading rule for implementation of the Agency's rules on transport of ozone to non-attainment areas. He has also completed a number of due diligence efforts for energy asset acquisitions both in the U.S. and Europe. Prior to founding PEAR, Inc., Mr. Huetteman was Vice President in EDS's Management Consulting Services group, responsible for its strategic fuel management program and power markets practice. From 1986-1989, Mr. Huetteman was Director of DRI/McGraw-Hill's Coal Service. Prior to that, he was a Regulatory Impact Analyst with the U.S. Environmental Protection Agency in the Energy Policy Division. To reach his firm’s website go to www.peartree.com.
Gary Payne is an Emissions Trader at Dominion Energy Clearinghouse. Headquartered in Richmond, Va., Dominion Energy Clearinghouse is the energy trading and marketing operation of Dominion (NYSE: D), one of the largest energy marketers in North America. Mr. Payne, who joined Dominion in September 2002, is responsible for managing Dominion's portfolio of emission commodities, and serves as company consultant on issues surrounding emissions trading. Prior to joining Dominion, Mr. Payne held positions in emissions and energy trading at Aquila Energy, Kansas City, Missouri, and Koch Energy Trading, Houston Texas. Mr. Payne also worked in energy marketing for Illinova Power marketing in Salt lake City, Utah. Mr. Payne holds a Bachelors Degree in Sociology from Brigham Young University, and a Master of Business Administration from the University of Utah, Salt Lake City.
CPE Credits:
This group live seminar is eligible for 3.5 CPE credits if you attend the classroom session. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.
PGS Energy Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417.
Web site: www.nasba.org
CPAs interested in attending any seminars should contact the PGS Energy Training offices at (412) 521-4737 for details on CPE credits granted and any prerequisite requirements
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