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4 Mar 2008

Introduction to Carbon Markets and Emissions Trading

NYMEX Global Change Associates and the Environmental Markets Association is sponsoring a 5.5 hour class on carbon and emissions trading on April 1, in New York City at the New York Mercantile Exchange, 12:30 pm to 6:00 pm.

The half day seminar on US carbon 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. The afternoon ends with a cocktail party.

According to the Environmental Markets Association, it is highly likely that within two years 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.

The seminar 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.

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.
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 will impact the Northeast's Regional Greenhouse Gas Initiatives?
What is Congress 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 Exhange
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?

Practical aspects of Emissions trading Emissions Trading Simulation (EMA Trading Group Exercise)

Hedging positions using Exchange Traded Options (NYMEX Floor Exercise)

The Environmental Markets Association (EMA) is the premiere trade association for environmental industry professionals who are active or interested in the market-based solutions to combat pollution and create a sustainable environment.

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