Course Summary

This one-day workshop provides an overview of primary emissions, problem areas, key global emissions trading initiatives and activities. Attendees will be actively involved through class exercises and team participation in an emissions trading simulation.

8 CPE credits awarded for this course.

Delivery Method: Group-Live

Who Should Attend?

This introductory course is perfect for anyone who needs to know more about emissions trading, including those working in trading, operations, risk management, credit, finance, contracts and IT.

Prerequisites

As this is an introductory course, there are no prerequisites.

Pre-classroom Study

As part of our blended learning package, this workshop has a specific web-based course which is recommended as pre-classroom study. Upon registering for the workshop delegates will receive details of how to access the web-based course. Access to the web-based course is included in the price of the classroom course. To optimize your classroom experience, it is recommended you take the appropriate online study as close to the classroom date as possible. The recommended pre-classroom study for this workshop is PrincetonLive.com's A Guided Tour of Commodity Derivatives.

Course Contents

Key Atmospheric Pollution Issues

• Acid rain
• Ozone – stratospheric ozone depletion and ground-level ozone
• Global warming and the "greenhouse effect"
• The scale of the problem – current global emissions statistics

Emissions Control Regulations

• Different methods for curbing emissions including taxes and levies, carbon sinks and sequestration
• Kyoto Protocol
  • Targets
  • Mechanisms: Clean Development Mechanism (CDM), Joint Implementation (JI) and emissions trading

The Structure of Emissions Trading Schemes

• Types of emissions control schemes – baseline and credit, cap and trade
• Framework for cap and trade systems

European Emissions Trading Scheme (ETS)

• EU emissions targets
• ETS structure and allowance allocations
• Trading market, including exchanges and instruments
• Allowance pricing drivers
• Next steps

Emissions Trading in U.S.A.

• Clean Air regulations
• SO2 and NOx trading schemes
  • Structure
  • Trading market and instruments
• Other US trading programmes including CCX, RGGI, WRCAI

Other existing or planned global emissions trading programmes

• Australia
• Japan
• New Zealand
• Other planned programmes