Session 1:
Introduction to Emissions Trading
- UNFCCC and Kyoto Protocol
- Paris Accord: Steps to Carbon Neutrality, 2050
The EU Emissions Trading Scheme
- Principles of Emissions Trading
Session 2:
Price drivers in the EU ETS
- Correlations with other energy commodities
- Regulatory & political factors
- Weather and macro-economic factors
Carbon Credits & Voluntary Markets
- Clean Development Mechanism (CDM) and Joint Implementation (JI)
- Voluntary carbon markets and corporate activity, the ESG impact
Session 3:
Structure & Reform in the EU ETS
- Measures introduced to balance the market: MRS/CPS
- The 'Fit for 55' legislation
- CER's and other carbon credits
Types of trade
- Trading the Futures term structure
- Using futures to hedge a power company's compliance exposure
- Participating in the auctions
Session 4:
Global developments in Carbon Emission Schemes
- ICE US Environmental markets
- Emissions schemes in other countries: China, Korea, Japan
- Other developments towards a global carbon price
Carbonomics
- Themes of de-carbonisation and sustainable growth
- Carbon sequestration, CCUS and technological developments