Course description

This one-day training course by carbon market professionals will provide a detailed introduction to the California carbon market from an economic, regulatory and financial perspective. Participants will gain a thorough understanding of the mechanics of cap-and-trade and of the regulations governing the California program, as well as the fundamental price drivers and market dynamics.  

The course includes a mix of lectures and hands-on case studies to foster learning and interactions between participants. It also feature two expert guest speakers who will discuss their experience setting up carbon contracts and developing state-of-the-art compliance and trading strategies.

Who should take this course?

This course is geared towards energy and industrial companies with exposure to carbon markets in California, as well as any other professional who needs a solid understanding of California’s cap-and-trade program.

Agenda

Morning

• Introduction to cap-and-trade
• California’s carbon market: rules and regulations
• Risk management: the role of offsets
• Carbon contracting: what you need to know

 Afternoon

• Price fundamentals: demand and supply drivers
• Price formation and market dynamics
• Trading game and auction simulation
• Developing a compliance strategy

About the instructor

Emilie Mazzacurati, Four Twenty Seven

Emilie Mazzacurati is the Managing Director of Four Twenty Seven, a climate research and advisory firm. Ms. Mazzacurati has published extensively on California climate policy and carbon markets, federal climate legislation, and the interaction of carbon with other commodity markets. Previously, she was Head of Global Carbon Analysis at Thomson Reuters Point Carbon, where she directed Point Carbon’s research department for carbon in North American and global markets. Ms. Mazzacurati teaches on carbon markets and climate risks at Johns Hopkins University and has trained hundreds of professionals on carbon trading over the years.  www.427mt.com

Featured guests speakers

Rick Saines, Baker McKenzie

Rick Saines is a Partner at Baker McKenzie, where heads the North America Climate Change and Environmental Markets Practice. He is widely published and globally recognized as a leading climate change lawyer, bringing over a decade of experience on climate change law matters advising multinational companies, financial institutions, funds and project sponsors on carbon and environmental market transactions within the international, regional and voluntary markets. Mr. Saines also advises major global corporations on climate change policy, sustainable development and global corporate greenhouse gas compliance and management.   www.bakermckenzie.com

Jason Patrick, Real Options International                         

Jason Patrick is Managing Director at Real Options International, where he advises clients in the energy and environmental markets. He founded and led the U.S. environmental markets desk at Bank of America/Merrill Lynch, where he was responsible for the origination, structuring and marketing of carbon, renewables and bundled power products across the Americas. He structured innovative physical and financial bundled power and environmental commodity transactions, including commodity finance, options, spreads and indexed trades. Patrick also led strategy, analytics and portfolio risk management for these markets and products. Patrick has served on advisory boards for the Climate Action Reserve, the Greenhouse Gas Management Institute and the Gold Standard, among other organizations.    www.realoptionsinternational.com

Please direct any questions to emazzacurati [at] 427mt [dot] com or call 415.420.0074