15 - 16 Oct 2012

12th IEA-IETA-EPRI Annual Workshop on Greenhouse Gas Emission Trading

Workshop — Paris, France



The International Energy Agency (IEA) hosts this annual 2-day workshop on emissions trading in collaboration with the Electric Power Research Institute (EPRI) and the International Emissions Trading Association (IETA).

This high-level international workshop brings together 130+ senior officials from OECD countries, the European Union and other nations, corporate executives from electric companies, energy-intensive industries, brokerage companies and the financial community, analysts and researchers from non-governmental organisations and academia to discuss current topics related to the evolution of GHG emissions trading programmes around the world. The workshop will combine presentations based on recent research with highly interactive discussions.

Opening Remarks

Maria van der Hoeven, Maria van der Hoeven, Executive Director, International Energy Agency (IEA)
Dirk Forrister, President and CEO, International Emissions Trading Association (IETA)
Tom Wilson, Senior Program Manager, Energy and Environmental Analysis Program, Electric Power Research Institute (EPRI)

Session 1 – Evolution of National and Sub-National Trading Systems
This session highlights the evolution of national and sub-national greenhouse gas emissions trading systems, focusing on key design features and implementation challenges.
Chair: Richard Baron, Head of Climate Change, IEA

Steven Kennedy, Deputy Secretary, Strategy and Market Linkages, Department of Climate Change and Energy Efficiency, Australia
Zou Ji, Deputy Director General, National Centre for Climate Change Strategy and International Cooperation, China
Adam Diamant,, Technical Executive, Energy and Environmental Analysis Program, EPRI
Mary Tovšak Pleterski, Director for European and International Carbon Markets, DG Climate Action, European Commission

Session 2 – Finance
Developed countries have committed US$100 billion annually to support climate action in developing countries. This session will investigate how the carbon market, and existing and potential future market mechanisms, can contribute to this goal and leverage additional finance for mitigation.
Chair: Dirk Forrister, IETA

Robert Dixon, Climate Change Team Leader, Global Environment Facility
Abyd Karmali, Managing Director and Global Head of Carbon Markets, Bank of America Merrill Lynch
Vikram Widge, Head, Climate Finance Policy at the Climate Business Department, International Finance Corporation
Renat Heuberger, Chief Executive Officer, South Pole Carbon Asset Management Limited

Session 3 – Carbon Market Update
This session will highlight current carbon market developments, including price trends in major markets, current and expected future supply and demand balances for emission allowances and offsets, and discuss key changes in market fundamentals.
Chair: Dirk Forrister, IETA

Guy Turner, Director, Carbon Markets and Renewable Energy Certificates, Bloomberg New Energy Finance
Mark Meyrick, Head of Carbon, Eneco Energy Trade
Karl Upston-Hooper, General Counsel, GreenStream Network Plc
Gabriele Sartori, Carbon Policy Manager, Stanwell Corporation Limited
John Melby, Senior Consultant, New York Mercantile Exchange (NYMEX) Chicago Mercantile Exchange (CME)

Session 4 – Linking
An ongoing theme of this annual workshop has been the potential to link emerging carbon markets together. Now linking carbon markets is becoming a practical issue in emission trading systems with the emergence recently of several new ETS that intend to link together in the near term. This session will explore practical issues that regulators will need to address to link markets together, including creating robust registries, ensuring a functional market and avoiding fraud, auctions, and the implications of different policy design choices.
Chair: Tom Wilson, Senior Program Manager, Global Climate Research Program, EPRI

Jenny Wilkinson, First Assistant Secretary, Department of Climate Change and Energy Efficiency, Australia
Matthew Bateson, Global Practice Leader, Energy, Environment and Climate Change, Rio Tinto
Jean-Yves Benoit, Senior Economist, Interim Director – Carbon Market, Ministry of Sustainable Development, Environment and Parks, Government of Quebec; Quebec representative, Western Climate Initiative (WCI); Board of Directors, WCI Inc.
Daniel Lieberman, Senior Advisor, Environment & Climate Change, Chevron
Jean-Yves Caneill, Head of Climate Policy, Electricité de France (EDF)

Special Report on the High-Level Panel on the CDM Policy Dialogue
Joan MacNaughton, Vice-Chair, High-Level Panel on the CDM Policy Dialogue

Session 5 – Emissions Trading, Trade and Trade Wars
With the inclusion of the aviation in the EU ETS, international trade disputes have made their entrance in the emissions trading policy arena. This session will consider what other trade-related issues and disputes may emerge as other domestic emission trading systems are being established.
Chair: Richard Baron, IEA

Damien Meadows, Advisor, International Carbon Market Unit, Aviation and Maritime, European Commission
Andrew Hedges, Norton Rose, Canada LLP
Jennifer Haverkamp, International Climate Director, Environmental Defense Fund
Doaa Abdel-Motaal, Counsellor, World Trade Organisation

Session 6 – New Market Mechanism / NAMA crediting
After years of research on scaled-up mechanisms, from “no-lose” to sectoral approaches, new market mechanisms are now going to be officially considered under the UNFCCC. Countries also are developing their own approaches to scale up international credits. This session will consider the technical, economic and governance challenges associated with development of new market mechanisms.
Chair: Adam Diamant, EPRI

Andrei Marcu, Head of Task Force on New Market Mechanism, Centre for European Policy Studies (CEPS); Member of the Board, IETA (Submission to the AWG-LCA)
Martin Hession, Vice Chairman, United Nations Clean Development Mechanism Executive Board (CDM EB)
Tappei Tsutsumi, Deputy Director of Office of Market Mechanisms, Ministry of Environment, Government of Japan
Steven Rose, Senior Research Economist, Energy and Environmental Analysis Program, EPRI
David Hone, Senior Climate Change Advisor, Shell International Petroleum

Closing Session – The Road From Durban: GHG Mitigation and Carbon Markets
This session will bring together key players involved in the evolution of climate policy to reflect on the role that carbon markets (regional, national or international) can play in promoting significant GHG emission reductions. Can these instruments foster progress towards more ambition as countries negotiate towards a new international agreement in 2015?
Chair: Dirk Forrister, IETA

Artur Runge-Metzger, Director for Climate Strategy and International Negotiations, DG CLIMA, European Commission
Zou Ji, Deputy Director, National Center for Climate Change Strategy and International Cooperation, China
Elliot Diringer, Executive Vice President, Center for Climate and Energy Solutions (C2ES)
Thierry Berthoud, World Business Council for Sustainable Development (WBCSD)
Henry Derwent, Senior Consultant, Carbon Market Strategy and Policy Development, Sustainable Development Mechanism, UNFCCC; Honorary Vice President, IETA

You can view agenda, presentations and other materials from last year’s annual GHG trading workshop online here