managing carbon challenges and defining cap and trade ... · alexander wood, executive director,...

Hear directly from industry on Ontario

cap and trade challenges and strategies

Understand how Ontario’s post-2020

market is evolving

Learn from different industry experiences

in California and Quebec

Benefit from informed analysis on the

province’s first auction

Get the update on offset protocols and

opportunities for Ontario companies

Plus understand plans for recycling

cap and trade revenue

KEY REASONS TO ATTEND:

Organized by

http://capandtrade.canadianclean.com +1 613 627 2787 Organized by 1

Hear from 50+ Leading Industry, Government and Carbon Market Experts including:

KEYNOTE PRESENTER: The Honourable Glen Murray, Minister of the Environment and Climate Change Government of Ontario

SPONSOR:

Jim Stirling General Manager, Environment ArcelorMittal Dofasco

Marc Butler Director of Regulatory Affairs Glencore

Matthew Novada Environmental Coordinator St. Mary’s Cement

Hugo Levert Senior Advisor, Carbon Markets Gaz Métro

Christopher Martin Senior Environmental Manager Carmeuse Lime Canada

Tracy Kayhanfar Senior Director, Environmental Management ConAgra Foods

Fiona Oliver-Glasford Senior Manager, Carbon Strategy and Integrated Resource Planning Enbridge Gas Distribution

Michael Kandravy Director of Fuels Quality & Regulatory Affairs Suncor

John Mullally Director of Government Relations and Energy Goldcorp

Robert Cumming Director of Environment Lafarge Canada

Cécile Michoux Climate Change Specialist, Energy Division Cascades

Katie Sullivan Managing Director International Emissions Trading Association

Duncan Rotherham Vice President ICF International

Jean Nolet President & CEO COOP Carbone

Alexander Wood Executive Director, Ontario Climate Change Directorate Ontario Ministry of Environment and Climate Change

Erica Morehouse Senior Attorney, Global Climate Program Environmental Defense Fund

Craig Ebert President Climate Action Reserve

Anthony D’Agostino Director RBC Capital Markets

Michael Berends Head of Carbon Sales ClearBlue Markets

David Sawyer Founder EnviroEconomics

Managing carbon challenges and defining cap and trade strategies for market participants

EVENT PARTNERS:

Organized by


April 26: Day 1 April 27: Day 2

Opening Keynote: The Honourable Glen Murray,

Minister of the Environment and Climate Change, Government of OntarioIdentifying and Realizing Further Carbon Savings

Industry Challenges and Strategies for Cap and Trade Carbon Offsets: Evolving Rules and Opportunities

Contextualizing Ontario: What has Been Learned from QC, CA and EU? Revenue Recycling: Opportunities for Ontario Participants

The Post-2020 Market in Ontario: Key Concerns and Next Steps Linking Ontario’s Carbon Market to the Western Climate Initiative

Factoring Carbon Pricing into Ontario’s Long-Term Energy Plan Networking Reception

Developing a Carbon Strategy: Lessons Learned from CA and QC

Ontario’s First Auction: Results Analysis and Future Trading Plans

California Participants: Critical Feedback and Market Experiences

Networking Drinks Reception

Agenda at a Glance

Gain Critical Insight from Leading Industry, Government and Carbon Market Experts including:

50+ AUTHORITATIVE SPEAKERS

Organized by


Months of primary research, backed by 7 years of successful renewables Forums in Canada, has resulted in a business critical and timely agenda. Hear from 50+ mandatory participants from Ontario, Quebec and California as well as leading government and carbon market experts.

KEYNOTE PRESENTER: The Honourable Glen Murray, Minister of the Environment and Climate Change, Government of Ontario

Fiona Oliver-Glasford Senior Manager, Carbon Strategy and Integrated Resource Planning Enbridge Gas Distribution

Tracy Kayhanfar Senior Director, Environmental Management ConAgra Foods

Jim Stirling General Manager, Environment ArcelorMittal Dofasco

SENIOR INDUSTRY REPRESENTATIVES FROM MANDATORY PARTICIPANTS IN ONTARIO, QUEBEC AND CALIFORNIA CAP AND TRADE MARKETS INCLUDING:

Marc Butler Director of Regulatory Affairs Glencore

Matthew Novada Environmental Coordinator St. Mary’s Cement

Hugo Levert Senior Advisor, Carbon Markets Gaz Métro

Christopher Martin Senior Environmental Manager Carmeuse Lime Canada

Michael Kandravy Director of Fuels Quality & Regulatory Affairs Suncor

John Mullally Director of Government Relations and Energy Goldcorp

Robert Cumming Director of Environment Lafarge Canada

Cécile Michoux Climate Change Specialist, Energy Division Cascades

Craig Ebert President Climate Action Reserve

Erica Morehouse Senior Attorney, Global Climate Program Environmental Defense Fund

David Sawyer Founder EnviroEconomics

Michael Berends Head of Carbon Sales ClearBlue Markets

Katie Sullivan Managing Director International Emissions Trading Association

Duncan Rotherham Vice President ICF International

Jean Nolet President & CEO COOP Carbone

Douglas Russell Climate Change and Energy Expert MDF Associates

Anthony D’Agostino Director RBC Capital Markets

Lenny Hochschild Managing Director Evolution Markets

Stephen McComb Director, US Environmental and Coal Markets Intercontinental Exchange

David Forsyth Regional Energy Manager Gerdau Long Steel

David Moffat Fund Manager COOP Carbone

EXPERTS IN CARBON COMPLIANCE, TRADING, STRATEGIES AND OFFSETS INCLUDING:

Want to speak? Want to sponsor? Want to exhibit?

To learn more about our partnership opportunities and how our customized solutions can help you achieve your business needs and objectives, please contact:

Adrienne Baker, Director, Canadian Clean Energy ConferencesDirect: +1 613 680 2482 Mobile: +1 819 319 3101

[email protected]

What the Ontario Cap and Trade Forum offers:

Two full days of business-critical updates on navigating the liabilities and identifying business opportunities under cap and trade in Ontario

8+ hours of networking to engage with those heading compliance for mandatory participants and government decision-makers

The opportunity to reinforce - or build - your company’s visibility and thought-leadership with 200+ senior carbon compliance decision-makers

Highly effective exhibition opportunities - the Forum offers a limited number of exhibition spaces in the main networking area to present solutions and services to attendees

Thought-leadership interviews - we commission a professional journalist to interview senior members of your team and produce a world-class, highly-designed, two-page interview that is published in the Forum guide and through Canadian Clean’s PR channels

Speaking opportunities - Some of our sponsorship packages include the opportunity to have a speaking role on the agenda

Thought Leadership and Premium Networking

Organized by


“Extremely well attended event providing excellent networking opportunities and critical updates from key speakers on future procurements in Alberta and Saskatchewan.”

– David Hickey, Vice President of Wind Power and Renewables, Siemens Canada, Sponsor of the Alberta and Saskatchewan Renewable Energy Finance Summit

After 7 years of successful Ontario, Nova Scotia, Alberta, and Saskatchewan Renewables Forums,

Canadian Clean Energy Conferences has an unparalleled reputation among industry, government and

community leaders for delivering high quality events that offer the right contacts and the best content.

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8:00 Coffee & Registration

8:25 Chair’s Opening Remarks Adrienne Baker, Director, Canadian Clean Energy Conferences

OPENING KEYNOTE: KEY UPDATES AND OPPORTUNITIES UNDER CAP AND TRADE

8:30 Opening Keynote: Key Updates and Opportunities under Ontario’s Cap and Trade The Honourable Glen Murray, Minister of the Environment and Climate Change, Government of Ontario

PARTICIPATING IN CAP AND TRADE: CHALLENGES AND STRATEGIES

8:50 Session 1: Participating in Cap and Trade: Challenges and Strategies Effective participation in cap-and-trade requires a multidisciplinary approach involving environmental, finance, procurement and accounting departments to balance administrative, reporting, financial, and trading requirements. This opening session will provide insight on how industry participants are evolving their carbon strategies and provide insight on key concerns and challenges around cap and trade.

• What are companies’ main concerns and challenges with cap and trade? • What key liabilities and business risks have companies identified under the program?• How are participants organizing internally to effectively comply with the legislation?• What would companies like to see in terms of credit for early action in Ontario?• How is the uncertainty around the post-2020 program impacting business planning? • What information do companies need on the post-2020 scenario to plan effectively?• What would industry like to see in terms of protection against carbon leakage?

Navneet Shanker, Vice President - Procurement, Essar Steel AlgomaJim Stirling, General Manager, Environment, ArcelorMittal DofascoMatthew Novada, Environmental Coordinator, St. Mary’s CementChristopher Martin, Senior Environmental Manager, Carmeuse Lime Canada

CONTEXTUALIZING ONTARIO: WHAT HAS BEEN LEARNED FROM EU, CA AND QC?

9:40 Joint Keynote: Contextualizing Ontario: What Has been learned from Forerunners in Europe, California and Quebec?• How does Ontario’s program fit with global carbon cap and trade developments? • What key considerations shaped the design of the province’s cap and trade program? • How does Ontario compare to other provincial and state programs, as well as evolving federal carbon policy plans? • Understanding the economics: insight on cost analysis and sector impacts

David Sawyer, Founder, EnviroEconomics Katie Sullivan, Managing Director, International Emissions Trading Association

10:00 Networking Break

THE POST-2020 MARKET IN ONTARIO: KEY CONCERNS AND NEXT STEPS

10:30 Session 2: The Post-2020 Market in Ontario: Key Concerns and Next StepsUncertainty over the post-2020 program design for Ontario’s cap and trade is the biggest concern for trade-exposed market participants. Market rules are expected to change as the province aims to meet the target of 37% GHG pollution reduction below 1990 levels by 2030. Lack of clarity on allowance allocation post-2020 is a major concern for industry and is impacting business planning. This session will offer the very latest updates on post-2020 program developments and industry strategies in Ontario.

10.30 Ontario’s Post-2020 Market Design: Current Consultations and ConsiderationsAlexander Wood, Executive Director, Ontario Climate Change Directorate, Ontario Ministry of Environment and Climate Change

10:50 Analyzing Post-2020 Business Risks and the Outlook for Carbon Pricing• Understanding how cap and trade will function in year one • What are the near-term and post-2020 expectations for carbon pricing? • Key liabilities associated with the post-2020 market that industry needs to address

Duncan Rotherham, Vice President, ICF International

AGENDA | Day 1: April 26, 2017

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11:10 Panel Discussion: The Post-2020 Market in Ontario: Key Concerns and Next Steps• Expert perspectives on how plans are evolving for the post-2020 market in Ontario?• What risks and liabilities does this uncertainty create for market participants• What should industry be prepared for in three years - what are the most likely scenarios? • Expert views on potential changes to pricing, allowance allocations and the cap slope• What type of carbon leakage and competitive protections are being considered? • Updates on Quebec and California’s post-2020 plans and the applicability to Ontario• How is a national price on carbon expected to affect Ontario’s post-2020 market design?• What can industry do today to prepare for different market scenarios?

Douglas Russell, Climate Change and Energy Expert, MDF AssociatesDuncan Rotherham, Vice President, ICF International

12:00 Networking Lunch

FACTORING CARBON PRICING INTO ONTARIO’S LONG-TERM ENERGY PLAN

12:15 Luncheon Keynote: Factoring Carbon Pricing into Ontario’s Long-Term Energy Plan • How is the cost of carbon expected to be captured within Ontario’s electricity system? • How are utilities planning to integrate carbon pricing into rate setting going forward? • What should industry expect in term of electricity rates as the price of carbon rises?

DEVELOPING A CARBON STRATEGY FOR ONTARIO

1.10 Case Study: Developing a Carbon Strategy for OntarioFiona Oliver-Glasford, Senior Manager, Carbon Strategy and Integrated Resource Planning, Enbridge Gas Distribution

LESSONS LEARNED FROM CALIFORNIA AND QUEBEC

1.30 Session 3: Lessons Learned from California and Quebec Participating in Ontario’s cap and trade has introduced new financial liabilities and business opportunities for industry. Developing a carbon strategy that manages risks and identifies potential benefits is essential for Ontario participants. This session will offer detailed case studies from experienced Quebec and California market participants on lessons learned from these markets and strategies for success in Ontario.

1.30 Case Study: Top Considerations in Preparing for Carbon Trading • Key takeaways from participating in Quebec’s cap and trade • Developing auction tactics: buying, selling, and holding allowances• Understanding the roles of the primary auction and secondary market

Michael Kandravy, Director of Fuels Quality & Regulatory Affairs, Suncor

1.50 Panel: Lessons Learned from California and Quebec • What advice would participants offer Ontario companies in developing their carbon strategies?• What key lessons from California and Quebec can be applied in Ontario? • What were some of the unanticipated challenges that industry experienced? • How was compliance and trading managed internally? • Insight on cost-effective emissions reduction strategies that reduced carbon liability • What should Ontario companies be aware of regarding trading strategies?• How has the performance of carbon pricing in these markets affected business planning? • Participants views on the evolving post-2020 market designs for QC and CA• Is there a way for industry to actively participate in the reaching of 2030 goals? • What would participants do differently in Ontario following these experiences?

Marc Butler, Director of Regulatory Affairs, GlencoreHugo Levert, Senior Advisor, Carbon Markets, Gaz MétroRobert Cumming, Director of Environment, Lafarge Canada Cécile Michoux, Climate Change Specialist, Energy Division, Cascades



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ONTARIO’S FIRST AUCTION: RESULTS ANALYSIS AND FUTURE TRADING PLANS

3:10 Session 4: Ontario’s First Auction: Results Analysis and Future Trading PlansWith the first Ontario cap and trade auction taking place this March, mandatory participants are interested to understand the results and how they inform future trading strategies. This session will offer timely analysis on auction outcomes and what it means for participants going forward with critical insight from international carbon auction experts.

3:10 Analyzing Auction Outcomes and Informing Carbon Trading Strategies • What were the key outcomes and results of Ontario’s first carbon auction?• Who participated and how - and what do future participants need to understand?• How do the auction results inform carbon trading strategies going forward?

Michael Berends, Head of Carbon Sales, ClearBlue Markets

3:30 Ontario’s First Auction: Results Analysis and Future Trading Plans • What do the first results show about supply and demand for allowances in Ontario?• How does this compare to the early auctions in California and Quebec? • What type of auction strategies should mandatory participants be developing? • What do experts predict for future Ontario auctions in terms of supply, demand and participation?• How will linking to the Western Climate Initiative impact auction activity in Ontario?• How is trading activity and auction participation expected to change post-2020 in Ontario?• How is the secondary market evolving for the province - what do participants need to know about the opportunities this market can provide?

Anthony D’Agostino, Director, RBC Capital Markets Lenny Hochschild, Managing Director, Evolution Markets Stephen McComb, Director, US Environmental and Coal Markets, Intercontinental Exchange

CALIFORNIA PARTICIPANTS: CRITICAL FEEDBACK AND MARKET EXPERIENCES

4:20 Session 5: California Participants: Critical Feedback and Market ExperiencesBeginning in 2013, California’s emissions trading system was implemented to reduce greenhouse gas emissions from regulated entities by more than 16 percent between 2013 and 2020. The program covers large electric power and industrial plants as well as fuel distributors, and is linked to Quebec’s market. The California experience is particularly relevant for Ontario companies and this session will bring together senior representatives from California covered entities to share their experiences and strategies.

4:20 Case Study: Lessons Learned from Developing a Carbon Strategy for California• What were some of the key challenges during the first compliance period?• Developing a trading strategy early on benefits and risks of auction participation• Next steps in carbon strategy development

Tracy Kayhanfar, Senior Director, Environmental Management, ConAgra Foods

4:40 Panel Discussion: California Participants: Critical Feedback and Market Experiences• What have been the different experiences of companies participating in California’s program?• How have entities managed compliance obligations internally?• What do participants wish they had known at the beginning of the program?• What auction strategies have companies evolved over time?• How have the legal challenges to the legislation affected market dynamics?• What is causing low demand for allowances and how has that impacted participants?• How are companies participating in the secondary market and what are the benefits?• Have there been opportunities tap into program revenues to invest in clean technologies?• How has program uncertainty affected California participants and what are the next steps for compliance and best practices?• What advice would participants offer Ontario companies as they prepare their strategies?

Tracy Kayhanfar, Senior Director, Environmental Management, ConAgra Foods

5:30 Networking Drinks Reception


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IDENTIFYING AND REALIZING FURTHER CARBON SAVINGS

8:30 Session 6: Identifying and Realizing Further Carbon SavingsMost mandatory participants in Ontario have been actively monitoring and driving down carbon emissions for over a decade, resulting in significant emissions savings. With the introduction of cap and trade, industry is now looking to identify new solutions to further reduce carbon exposure. This session will bring together industry experts to share strategies and discuss challenges for realizing further emissions reductions.• What effect is carbon pricing having on emissions strategies for mandatory participants?• What have been the most successful carbon abatement strategies for industry?• What are the main challenges and limitations for realizing further emissions reductions?• What would be helpful from a policy perspective to help facilities maintain competitiveness?• What types of carbon leakage mitigations would industry like to see in Ontario?• What solutions are participants exploring to further limit their carbon exposure?• What sort of support would participants like to see for breakthrough technologies?

Chair: Paul Ghezzi, CEO, Kontrol EnergyDavid Forsyth, Regional Energy Manager, Gerdau Long Steel North AmericaJohn Mullally, Director of Government Relations and Energy, Goldcorp

CARBON OFFSETS: EVOLVING RULES AND OPPORTUNITIES

9.20 Session 7: Carbon Offsets: Evolving Rules and Opportunities Carbon offsets will play a key role for Ontario participants that have reduced their emissions to the point where further reductions are either cost-prohibitive or would negatively impact performance. Mandatory participants will able to meet up to 8% of their compliance obligation for each compliance period using offset credits which finance qualified projects that generate GHG emissions reductions. This session will provide the latest updates on offset protocols in Ontario and offer international insight on carbon offset markets, finance and best practices.

9.20 The Future Market and Evolving Protocols for Offsets in Ontario Craig Ebert, President, Climate Action Reserve

9.40 Case Study: Carbon Credits 101: Ensuring a Successful Offsetting Program Jean Nolet, President & CEO, COOP Carbone


10:30 Panel Discussion: Carbon Offsets: Evolving Rules and Opportunities• What types of offset projects are expected to be eligible under Ontario cap and trade?• What are the key steps for setting up a successful offset program? • What can be learned from offsetting in other markets - key challenges and successes?• What do potential buyers need to understand about offset verification? • What makes an offset project attractive to financiers and partners? • What is the current and projected demand for offset credits?• How are plans evolving for a North American offset market and what are the potential impacts for Ontario companies?

David Moffat, Fund Manager, COOP Carbone

REVENUE RECYCLING: OPPORTUNITIES FOR ONTARIO PARTICIPANTS

11:40 Session 8: Revenue Recycling: Opportunities for Ontario Participants One of the biggest challenges for industry is accessing capital for technologies that will drive further carbon reductions for their facilities. Ontario plans to reinvest revenues from carbon pricing to support the province’s transition to a low-carbon economy and participants are interested to understand the potential for accessing this capital, which will be around $1.9 bn annually in the first compliance period. This session will explore current revenue recycling plans and evolving opportunities for market participants.

11:40 Developing a Framework for Carbon Revenue Recycling


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12:00 Panel Discussion: Accessing Funds to Drive Further Carbon Reductions• What models are working in other markets to provide clean technology funding and support for carbon market participants? • Expert views on the types of funding opportunities expected for Ontario participants • Examples of projects mandatory participants have received funding for in other markets• What type of investment objectives did these projects have to meet?• Insight on successful approaches and realistic timelines for accessing funding • What additional government investments in green technologies and infrastructure will assist Ontario participants in meeting compliance

obligations over time? • What should participants expect in terms of ongoing access to funding and support?

12:50 Networking Lunch

LINKING ONTARIO’S CARBON MARKET TO THE WESTERN CLIMATE INITIATIVE

1.50: Session 9: Linking Ontario’s Carbon Market to the Western Climate InitiativeOntario’s link with the California and Quebec carbon markets will have significant impacts on the carbon strategies of market participants. While the details are currently being finalized, this session will explore the timeline, impacts and key outcomes of Ontario’s link to the WCI.

1:50 Connecting to the WCI and the Outlook for California’s Market• How are plans evolving to link Ontario to the broader WCI? • Key updates on California’s post-2020 market design and implications for Ontario• What can be learned from the experiences of large emitters in California?

Erica Morehouse, Senior Attorney, Global Climate Program, Environmental Defense Fund

2.10 Panel Discussion: Linking Ontario to the Western Climate Initiative • What are the implications for Ontario participants of connecting to this broader market?• What has been the experience of large emitters in California and Quebec? • How has Quebec’s connection to California affected pricing and liquidity in the province?• How will linking Ontario’s new program affect supply and demand for the WCI market? • How are legal challenges in California influencing post-2020 market design for the state?• What affect has post-2020 uncertainty had on demand for allowances in QC and CA?• How is this expected to change once these post-2020 programs are finalized?• What would happen to carbon pricing in ON and QC if California’s program ended?

3:00 Networking Reception

4:00 Conference Close

THREE WAYS TO REGISTER:

+ 1 613 627 2787

[email protected]

http://capandtrade.canadianclean.com/register/


managing carbon challenges and defining cap and trade ... · alexander wood, executive director,...

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