3rd US Carbon Finance Forum (PDF 871 KB)

SAVE $300Register by July 31, 2009www.uscarbonfinance.com Conference highlights:? Catering directly to theneeds of investors? A unique focus ontechnology and projectinvestments? Exclusive networking withsenior financial sectorspecialistsSponsor Media PartnersThe Metropolitan Club I New York City I September 15-16 2009"This is an outstanding forum"Erik Kvam, Zero Emissions5change in Administration has marked a shift in US positions towardsadopting a federal cap and trade emissions scheme, and clarity on theimplications for investors is highly sought after.AThese changes carry a hefty price tag forinvestors struggling to calculate the risks stemming frompending auctioning costs, emissions revenue utilization andthe management of carbon as a security.Yet key sectors stand to benefit from this transition in the USeconomy. As regulatory climate increasingly incentivisesemissions reductions, investors are turning to positions in offsets,low carbon energy generation and emerging technologies.The 3rd US Carbon Finance Forum offers a uniqueopportunity to gauge investors’ views on the opportunitiesemerging in the US GHG emissions markets.Featuring a faculty of over 30 high level speakers, the forumbrings together financiers and industry stakeholders toprovide analysis and commentary on the financialimplications of carbon regulation.ABOUT THE ORGANIZERSInstitutional Investor Carbon Forums is a division of Euromoney Institutional Investor PLC,the leading provider of financial media and research, whose titles include InstitutionalInvestor, Project Finance and Power Finance & Risk magazines. Our focus is on carbonfinance, and the business response to climate change both in the US and internationally.SPECIAL FEATURES:• Asset management focus: Exploring howinstitutional investors and asset managers areincorporating carbon risks into investment decisions• Investor afternoon: An entire afternoondedicated to investigating which investmentopportunities in technologies and projects canmature into solid business?• Discussion forums: The event will enable delegatesto take part in a high level debate with industry expertsand benefit from the latest analysis and opinionWHO SHOULD ATTEND• Emissions and energy investment analysts• Commodities and energy traders and brokers• Carbon market participants• Cleantech investors and sector specialists• Sustainability, CSR and SRI executives• Compliance and regulatory specialists• Representatives from energy-intensive industries• Regional and federal energy policy and market analysts• Policy makers, NGOs and advisory bodiesSPONSORSHIP OPPORTUNITIES:Our tailored sponsorship options provide the ideal platform to reach forum delegates,both during the event and in pre-event marketing. By becoming the sponsor of adynamic networking event, or by branding conference facilities or an individualsession, you can create significant brand awareness and ensure your exposure to theUS carbon markets. For further information and prices, contact Chris White atcwhite@euromoneyplc.com, tel: +44 20 7779 8917VENUE DETAILS:Metropolitan Club, One East 60th Street, New York, NY 10022The Metropolitan Club is situated in a prime position in central Manhattan with convenient access to JFK Airport as wellas New York’s famous business district. The Club’s history goes back to 1891, and today its magnificent buildings serveas a historic monument to the city’s illustrious 19th century heritage.DAY 1 – TUESDAY, SEPTEMBER 15TH 200908.00 Registration opens08.30 Welcome and opening remarksVered Tsedaka, Conference Manager, Institutional Investor Carbon Forums08.45-10.15: SESSION 1OPENING POLICY KEYNOTES Understanding the implications of climate regulation forinvestors requires awareness of how the negotiationof political positions will impact the final form offederal legislation.This session will provide practical insight on the politicalprocess and on how the positions of key stakeholders willinfluence the regulation pushed through.08.45 Chair’s opening remarks:Domestic and international forces shaping theUS federal climate change legislation? What can be learned on timelines and measures from the political process so far? ? How is momentum building in key economies towards the international negotiations? ? What positions will the US present at COP -15 to accommodate for its domestic progression?Dr Martin A. Spitzer, Director, Legislative Affairs,Center for Clean Air Policy08.55 International economic competitiveness –How will costs be distributed?? How is carbon incorporated into the measurement of sector vulnerability to production migration?? Where are the US, China and India’s positions at the moment?? Will carbon trade measures be implemented?Mark Linscott, Assistant United States TradeRepresentative for Environment and Natural Resources,Office of the U.S. Trade Representative, Executive Officeof the President09.10 What benchmarks must a cap-and-trademechanism achieve? ? What environmental targets need to be set for a US climate package? ? Risk analysis of key sectors – What are the expected implications for growth? Mark Brownstein, Managing Director, BusinessPartnerships, Climate and Air Program, Environmental Defense Fund09.20 The process will determine the outcome –Political lobbying on climate legislation? Analysis of the key political power influences impactingthe shaping of a climate change bill? The lobbying landscape and the caveats that are likely to be pushed throughSean Todd, President, FoxPotomac Resources09.30 DISCUSSION FORUM10.15 Networking refreshment break10.45-12.15: SESSION 2THE US ENERGY MARKETS This session will present analysis on expected costimplications for the US energy industry under a federal billto cap GHG emissions, taking into account politicalstandpoints and technology availability.10.45 Chair’s opening remarks:How will state and regional pressures shapethe federal regulation?? Core friction points – State divides, regional electricity pricing, infrastructure? Achieving balance between leakage and adjustment tomarket specifics Mark Crisson, President and Chief Executive Officer,American Public Power Association11.00 Investing in the US energy sector ? How are carbon risks factored into portfolio investmentsand equities?Brian Chin, Director, US Power and Utilities,Citigroup11.10 Large scale carbon capture and storage –Will it become a reality? ? Considering the regulatory and technical implications for large scale deployment of CCS? What is the realistic scope for implementation under existing technology availability? The investment horizon for CCS technologies 11.20 Utilities panel – The view of the energy sectorThe panel will feature from representatives of US utilitiescommenting on how they see their markets beingaffected by the introduction of carbon legislation, takinginto account:? Portfolio diversification? Activity locations ? Ownership structurePanel members:Bruce Braine, Vice President, Strategic Policy Analysis,American Electric Power David Manning, Executive Vice President and Chief Environmental Officer, National GridSteve Corneli, Senior Vice President, Market and Climate Policy, NRG Energy12.15 Networking lunchConference programTel: 1(212)-224-37892“The US Carbon Finance Forum is an excellent forum to bring the carbon market forward.” Thomas Claßen, TÜV SÜD Industrie Service GmbHquotes takenfrom previousIICF delegates1.45-3.15: SESSION 3CARBON TRADING AND THE SECONDARY CARBON MARKETSQuestions on allocations, auctioning revenue utilization andmanaging carbon as a security bear direct consequencesfor participants engaged with emissions instruments.This session will provide analysis on the trading landscapeto deduce how markets are responding to thedevelopments in US and international climate negotiations.Topics for discussion include:? Should OTC transactions be regulated and what are thequestions surrounding transparency in the market? How will the design of auction mechanisms and allocations influence trading and the secondary markets?? What does the shift in carbon price levels reveal about investor confidence in emissions trading?? What can be deduced from recent trading activity in US emissions products? Christian de Valle, Director, Environmental Markets,BNP Paribas*Jean-Philippe Brisson, Vice President, C-Quest CapitalJason Patrick, Vice President, Emissions Trading, Merrill Lynch-Bank of America3.15 Networking refreshment break3.45-5.00: SESSION 4THE US OFFSETS MARKET – FROM PRE-COMPLIANCE TO MANDATORYBy setting economy-wide carbon capping measures, amarket for offsets is due to be created to facilitateachieving full scale reductions.The session will feature investors and project developersactively positioning themselves towards a compliance market.3.45 Chair’s opening remarksRoger Feldman, Head, Clean and Renewable EnergyGroup, Andrews Kurth3.55 Financing clean energy projects in the US –Structure and viability with carbon in mind? Structuring clean energy project financing – How significant are regional incentives? ? Will the value of compliance offsets play a major role in domestic projects?Rohan Singh, Senior Vice President, Energy Group,HSH Nordbank4.05 Managing and hedging regulatory risk forcompliance offsetsGreg Arnold, Managing Director, CE2Capital4.15 The potential for aggregation of offsets –What is the view on promising technologies? Annika Colston, Vice President, BlueSource4.25 DISCUSSION FORUM5.00 Networking drinks receptionDAY 2 – WEDNESDAY, SEPTEMBER 16TH 200908.00 Registration opens08.30 Welcome and opening remarksVered Tsedaka, Conference Manager, Institutional Investor Carbon Forums08.45-10.15: SESSION 5CARBON CAPPING - THE CHALLENGES OFIMPLEMENTATION AND OVERSIGHT As discussions on a federal cap-and-trade mechanismadvance, the questions of market oversight andimplementation are being reviewed more closely.The session will feature presentations by the US agenciesthat will assume a regulatory role over the markets, as theydebate the scope of their involvement. Topics for discussion include:? Achieving a balance between environmental objectives and sophistication in market structure? How will long term energy targets be managed alongside short term carbon market developments?? What market oversight mechanisms exist to ensure long term viability of emissions trading?Bart Chilton, Commissioner, Commodities FuturesTrading Commission (CFTC)Sam Napolitano, Director, Clean Air Markets, US Environmental Protection Agency (US EPA)Senior Representative, The Federal EnergyRegulatory Commission (FERC)10.15 Networking refreshment break10.45-12.00: SESSION 6LONG TERM ASSET MANAGEMENTMuch emphasis has been placed on long term capital,with investment horizons matching the time frames requiredto achieve significant emissions reductions.The session will feature a panel discussing the risks that needto be accounted for and will highlight the sectors viewed aslikely to benefit from these sources of capital.10.45 Pricing long term climate change risks –What is the role for the insurance industry?? Regulating long term climate change liabilities? Are market forces enough to ensure adequate insuranceproducts are made available? David Kodama, Director, Policy Analysis, Property Casualty Insurers Association of America (PCI)www.uscarbonfinance.com3”The conference continues to get better year by year, with great coverage of this industry sector.” Charles Leone, Diversified Risk Insurance Brokers”The quality of the attendees and the presentations made this a great networkingopportunity and extremely informative." Charles E. Jennings, Financial Analytics Corporation10.55 Advancing corporate responses to climate change ? Enhanced analysis and engagement as climate-risk mitigation tools – An asset manager’s perspectiveAlexis Krajeski, Associate Director, Governance andSustainable Investment, F&C Asset Management11.05 An institutional investor’s perspective oninfluencing the corporate agendaPatrick Doherty, Director, Corporate SocialResponsibility, City of New York, Comptroller’s Office11.15 How do climate change risks fit into abroader business risk framework?? How to navigate conflicting risks rising from climate change exposure and short term business operations?Chris Tehranian, Senior Associate, Meketa Investment Group11.25 DISCUSSION FORUM12.00 Networking lunchSESSION 7 INVESTMENTS EMERGING FROM CARBON PRICINGThe afternoon will be dedicated to a debate on what creates apromising business venture in projects and technologies enablingthe transition to a low carbon economy.1.15-2.30: SESSION 7AHOW DOES EXISTING LEGISLATION DRIVE INVESTMENTS?The fragmentation in the existing US carbon regulatorylandscape has given rise to localized initiatives on avarying scale. The session will debate the extent to which presentinvestments in these markets offer future gains and thepotential to expand operations once a federal schemeis implemented.Topics include:? Do regional, state and municipal initiatives provide a sufficient driver for investments in projects and clean technology?? Where is further clarity required to drive investments under the regional schemes?? What leveraging potential exists in smaller scale projects towards a federal scheme?Chair: Lisa Jacobson, President, Business Council onSustainable EnergyLois A. New, Acting Deputy Director, Office of ClimateChange, New York State Department of EnvironmentalConservationKelly Bennett, Northeast Regional Director andNational Policy Director, Sterling PlanetDennis Haines, Vice President and General Counsel,Environmental Power Corp.2.30 Networking refreshment break2.45-4.00: SESSION 7BLOW CARBON AND CLEANTECH INVESTMENTSPolicy initiatives and funding injections drive investments inclean technologies targeting reductions and sequestrationof GHG emissions.This session will feature investors’ views on what turns atechnology solution into a successful product.2.45 Chair’s opening remarks:The makings of a viable cleantech investmentin the USNicholas Parker, Co-Founder and Chairman, The Cleantech Group2.55 Assessing commercialization potential forcleantech investments? Identifying a market for a technology during early stage development ? From a technology solution to a successful product – What are the hurdles?John T. Preston, Managing Partner, C Change Investments Management 3.05 Equity analysis in the cleantech sector ? What to look for in technical and value analysis of cleantech companies?? How are stimulus efforts and pre-compliance positioning impacting such equities?Theodore O’Neill, Green Tech Analyst, Kaufman Bros.3.15 Commercializing technologies – The buyer’sperspective ? Experience gained from the Clean Air Act – Utilities’ demand for viability of technology solutions? Incorporating technologies into operations – Where arethe bottlenecks?Dr James E. Staudt, President, Andover Technology Partners3.25 DISCUSSION FORUM4.00 Close of conference4”A very focused event, with clear messages from speakers and excellentnetworking opportunities among delegates.” Antonio Cammisecra, Enel”This was a very insightful and well organized event. The networking and learningopportunities were tremendously helpful.” Jeremy Finkelstein, The Bank of New YorkTo register email: csalazar@institutionalinvestor.com© 2009 Institutional Investor Carbon Forums IICF reserves the right to change the program without notice *InvitedStandard Rates (please tick appropriate box)Delegates perOrganization1st2nd3rdBy July 31, 2009?? $1495?? $1195?? $895After July 31, 2009?? $1795?? $1495?? $1195Saving$300$600The Metropolitan Club I New York City I September 15-16, 2009Government, Academic and Non-Profit Rates*Title/Full namePosition CompanyAddressZipEmailTel FaxFor multiple bookings please photocopy this form?? $895 ?? $995 $100SAVE $300Register by July 31, 2009* Multiple booking discounts do not apply to these rates. Government, academic and not forprofit rates will be approved at the discretion of Institutional Investor Carbon Forums.Bookings made on-site (September 15-16) will be subject to a US$100 administration charge.6Cannot attend? Please pass this brochure onto a colleague or you can purchase thedocumentation material for $600.The information that you provide will be safeguarded by Institutional Investor Carbon Forums, a division of EuromoneyInstitutional Investor PLC group, whose subsidiaries may use it to keep you informed of relevant products and services.Weoccasionally allow reputable companies outside the Euromoney Institutional Investor PLC group to contact you with details ofproducts that may be of interest to you.As an international group, we may transfer your data on a global basis for the purposesindicated above. If you object to contact by telephone ?? fax ?? or e-mail ?? please tick the relevant box. If you do not wantus to share your information with other reputable companies, please tick this box ??A full refund (less 10% administration charge) is available for cancellations received in writing by August 14, 2009.You will be liable for the full conference fee after this date. However, a substitute delegate may attend in your place.Registrations received after August 14, 2009 are still liable for the full conference fee in case of cancellation. Badgeswapping with other registered/non-registered delegates is against our company policy and will not be permitted.Payment to be made in one of three ways - please tick appropriate box:?? 1. To make a payment by credit card, please visit www.uscarbonfinance.com?? 2. Payment by BANK TRANSFER should be made through Lloyds TSB Bank plc, 72 Bailey Drive, Gillingham Business Park, Gillingham, Kent ME8 0LSUS$ account number 11127713, sort code: 30-12-18,Swift code: LOYDGB2LCTY (all charges to be paid by sender).?? 3. CHECKS should be made payable to Institutional Investor Carbon Forums.A receipted invoice will be sent to all delegates.?Website:(please quote brochure code)www.uscarbonfinance.com5 EASY WAYS TO REGISTERFax:(UK) +44 20 7779 8946(US) 1(212)-224-3491Telephone:(US) 1(212)-224-3789(UK) +44 20 7779 8999Post:Institutional Investor Carbon Forums Nestor House, Playhouse Yard London EC4V 5EX, UK Email:(please quote brochure code)csalazar@institutionalinvestor.com