15 July - 16 July 2021
Virtual event

Argus Live: Carbon Markets and Regulation

Eastern Daylight Time (EDT) agenda

A video recording of all conference sessions will be available on demand so you can watch what you have missed at a convenient time.
 

Day 1

The Carbon pricing landscape and the European Green Deal

Start End
  • 04:00 EDT
  • -
  • 04:40 EDT
  • Reviewing the regulatory framework of the EU ETS under the Green Deal IETA, Argus, Uniper, EFET

The revisions to the Commission’s climate policies are intended to reinforce the European drive towards a carbon-neutral economy and meeting the commitments set under the Paris Agreement. What effect would the Linear Reduction Factor and Market Stability Reserve have for prices and circulation of allowances under the revised Phase IV? The panel will then  consider the extent to which the current ETS framework promises long-term market stability, sufficient incentives for green investment, equilibrium with other climate policies, and unwavering support from member states.

Confirmed speakers:

Adam Berman, Director, European Policy, IETA
Vicky Hatherick, Deputy Editor, European Emissions, Argus
Guido Pasternack, Senior Policy Advisor, Uniper 
Daria Nochevnik, Carbon Neutrality Strategy and EU Institutional Relations Manager, EFET

  • 05:30 EDT
  • -
  • 06:00 EDT
  • ETS sectoral expansion: Will the bullish approach on maritime emissions lead to another CORSIA-style backtrack? ECSA

Is the inclusion of shipping under the EU ETS an overly regional approach that will hurt the competitiveness of the industry in Europe? To what extent is this measure capable of seamlessly interacting with the emission reduction path set out by the IMO in 2018, and what would be the long-term environmental and political consequences of regulatory friction? We take a look at the controversial proposals for shipping under the European Green Deal, and chew over the steps that policymakers should take in order to maximise their success in engaging with industry and reaching equilibrium with other frameworks.

Confirmed speakers

Martin Dorsman, Secretary General, ECSA

 

  • 06:30 EDT
  • -
  • 07:00 EDT
  • ETS sectoral expansion: What the BEH can teach Europe about regulating transportation and heating fuels Michael Pahle - Head of Climate and Energy Working Group, Potsdam Institute for Climate Impact Research
  • 08:00 EDT
  • -
  • 08:45 EDT
  • Can the carbon border adjustment mechanism simultaneously provide environmental leadership and strong protections for European industry? EFET, Edelman Advisory, Eurometaux, ERCST

To what extent can a flagship policy of European climate action achieve both of its core goals? We assess the composition of the CBAM set against the range of policy instruments and decisions that are available, and the consequences its application would have over the medium to long-term for those operating under the EU ETS - especially when pertaining to sectoral coverage, free allowances, indirect carbon costs and long-term political support. Finally, it is beneficial to question how a CBAM would interact with alternative instruments of climate policy to further consolidate European efforts to meet the 2030 targets.

Confirmed speakers:

Daria Nochevnik, Carbon Neutrality Strategy and EU Institutional Relations Manager, EFET

Paul Sammon, Director, Edelman Advisory 

Cillian O’Donoghue, Director, Energy and Climate Change, Eurometaux 

Andrei Marcu, Executive Director, ERCST

  • 10:00 EDT
  • -
  • 10:30 EDT
  • Putting the CBAM into an international perspective: The legal, political and environmental response MIT, Energy Community

There is little doubt that a CBAM would send a strong signal around the world that the EU intends to lead the globe towards carbon-neutrality. What is less clear is whether it has succeeded in successfully laying the groundwork through engaging with international partners. To what extent will the mechanism instigate and inspire more meaningful global action on carbon pricing, and where could it attract a legal or political backlash? We evaluate how the rest of the world – from neighbours such as Ukraine to the superpowers of the US and China – may respond to the policy under the current framework.

 Confirmed speaker:

Michael Mehling, Deputy Director, Centre for Energy and Environmental Policy Research, MIT

Milka Mumovic, Electricity and Statistics Expert, Energy Community Secretariat 

 

 

  • 11:00 EDT
  • -
  • 11:40 EDT
  • Is the European Union underperforming on industrial decarbonisation? Agora Energiewende, BASF, Eurogas

The next decade is critical to establishing when and how innovations in industrial decarbonisation can be deployed at scale. Having made enormous strides on carbon pricing and renewable energy, to what extent is industry being allowed to lag behind? The panel will assess which mechanisms and policies are required in the near future to ensure Europe has a holistic green industrial strategy to power towards net-zero in 2050.   

Confirmed speakers:

Oliver Sartor, Senior Advisor of Industrial Policy, Agora Energiwende
Nicolas Jensen, Senior Policy Advisor, Eurogas
Brigitta Huckestein, Senior Manager Energy and Climate Policy, BASF

Hans-Christian Henne, Senior Manager Corporate Energy and Climate Affairs, Aurubis AG


 

Emissions trading beyond the EU

Start End
  • 12:30 EDT
  • -
  • 13:00 EDT
  • Prospects for North American carbon markets in the Biden era Argus, Emission Advisors

Our speakers put a spotlight on the regulatory and market landscape for RGGI and California’s cap-and-trade programme, outlining the trajectories of the next four years and the potential advances in carbon pricing under the new Democratic administration. 

Confirmed speakers:

Mike Taylor, President, Emission Advisors
Michael Ball, Editor, Argus 

 

  • 13:30 EDT
  • -
  • 14:00 EDT
  • The expansion of carbon pricing in the US
More states and regions are looking toward cap-and-trade programs as a measure to reduce GHG emissions, with strong opportunity for expansion along the US west coast. There is proposed legislation in Oregon and Washington state lawmakers just approved a cap-and-trade measure. Market participants are eyeing the Transportation and Climate Initiative (TCI-P), a proposed regional carbon market to cut CO2 emissions from the transportation sector, with 2023 due to begin as the first compliance year. Learn about the different proposed programs, and opportunities for market linkages.
 
Confirmed speakers: 

Jessica Dell, West Coast Bureau Chief, Argus Media 

Dirk Forrister, CEO, IETA 

Day 2

Start End
  • 04:00 EDT
  • -
  • 04:30 EDT
  • China: Taking stock of the world's largest new player Lina Li - Senior Manager, adelphi
Full summary of the new Chinese ETS and its scope in sectoral coverage, allowance allocation, relationship with regional pilot schemes and mechanisms for compliance and enforcement. We study the strengths and weaknesses of the current framework and – against a backdrop of expanding coal production -speculate how quickly the market will develop and mature, while questioning how important a role carbon pricing will play if China is to succeed in reaching neutrality by 2060.
  • 05:00 EDT
  • -
  • 05:40 EDT
  • Keynote Interview with DG CLIMA Hans Bergman - Head of Unit, ETS Policy Development and Auctioning
  • 06:00 EDT
  • -
  • 06:40 EDT
  • The UK ETS - how well can it actually work? CF Partners, Redshaw Advisors, Vattenfall Energy Trading

We take a look at the new UK ETS and measure its functionality and liquidity as a standalone carbon market following the start of auctions on 19 May. Stark similarities with its EU counterpart have seen many question the sense of regulatory divergence, but having set more ambitious climate targets for itself, is a sovereign Britain capable of showing more ambition on emissions trading? The speakers will assess the political backdrop to their analysis and what the shifting contours of the British-EU relationship means for linking and carbon pricing in the UK. 

Confirmed speakers:

Tim Atkinson, Director Sales and Carbon Trading, CF Partners

Louis Redshaw, CEO, Redshaw Advisors 

Samuel Norton, Senior Carbon Trading Analyst, Vattenfall Energy Trading 

EU ETS Analyst and Traders Panel

Start End
  • 07:30 EDT
  • -
  • 08:15 EDT
  • Analysts in the Arena: The Big Price Prediction Punch-up Energy Aspects, Berenberg, Bloomberg New Energy Finance

Taking all considerations into account the panellists will be challenged to name exact predictions for the EUA price on 1 December 2021, 1 July 2022 and 1 July 2025, giving clear indications of the market factors influencing their thinking. At the end of the session each will settle on three figures to match the three dates and the audience will be invited to vote for the panellist whose explanations they found most convincing, with the one receiving the most votes elected the winner. 

Confirmed speakers:

Trevor Sikorski, Head of Natural Gas, Coal and Carbon Research, Energy Aspects
Lawson Steele, Senior Utility Analyst, Berenberg
Jahn Olsen, Head of European Carbon Research, Bloomberg New Energy Finance

 

The voluntary carbon market

Start End
  • 09:00 EDT
  • -
  • 09:30 EDT
  • The Global Overview of the Voluntary Carbon Market Nicolas Girod - Managing Director for Markets, ClearBlue Markets
Huge interest from corporates has fuelled record transaction volumes in 2019 and 2020, enabling the market to withstand and surge past the pandemic drop-off from aviation. The presentation provides a comprehensive market analysis that will illuminate the relationship between offset prices, projects and the volumes being traded. We examine the current state of play before assessing the most encouraging areas of potential growth and the degree to which volumes can be expected to increase over the next two years.
  • 10:00 EDT
  • -
  • 10:40 EDT
  • Scrutinising the Taskforce: Is the TSVCM's proposed roadmap the winning formula to grow the market? ICROA, South Pole, Gold Standard, Forest Trends Association

The panellists will assess the proposals outlined by Mark Carney’s Taskforce and quantify their potential impact by examining how standardising carbon credits as a commodity could change the dynamic of the market. How might it affect project development and the relationship between buyers and developers?  Would it deliver a stable and higher price, and is further action required to increase engagement with green financiers and governments? 

Confirmed speakers:

Antoine Diemert,  Programme Director, ICROA
Renat Heuberger, CEO, South Pole
Owen Hewlett, Chief Technical Officer, Gold Standard Foundation
Stephen Donofrio, Programme Director, Ecosystem Marketplace Initiatives, Forest Trends Association

  • 11:15 EDT
  • -
  • 11:45 EDT
  • VCM: Applying digital solutions to enhance visibility Sascha Lafeld - Head of Carbon Offsetting and Green Energy Services, Climate Partner
Despite the understandable excitement following the flurry of new buyers, the market remains obscure and fragmented in many respects. How many people on the street have heard about it? How many companies have a fully carbon-neutral supply chain? This assessment looks at the role digitalisation can play in enhancing collaboration between companies and scaling up consumer markets to project the VCM onto the forefront of public consciousness.