Canada’s Carbon Market Future 2016
Cap-and-Trade & Other Regimes for a Low-Carbon Future
December 5-6, 2016 | Toronto, ON
Canada is in a time of climate action transition: in December 2015, the Government of Canada endorsed the global climate change Paris Agreement, committing the nation to reduce greenhouse gas emissions by 30% below 2005 levels by 2030. The Canadian Federal Government announced plans to introduce a national carbon price in an effort to achieve this goal. On a provincial level, Canada already has programs, both existing and in development, to reduce carbon pollution. Ontario, Quebec, British Columbia and Manitoba have been working with a group of states in the western U.S. through the Western Climate Initiative, Inc. (WCI) to tackle climate change at a regional level through emission trading programs. In December 2011, California and Quebec became the first WCI members to move forward with regional cap-and-trade programs to reduce emissions. Since April 2015, Ontario has been developing a provincial cap-and-trade system to address the province’s emission reduction targets of 15% below 1990 emission levels by 2020 and 80% reductions by 2050. Ontario will launch the cap program in January 2017, and plans to join the linked California-Quebec market.
This conference will explore Canada’s de-carbonization initiatives, dedicating most attention to Ontario’s new cap-and-trade system. The topics have been selected to inform power industry professionals and other entities subject to Ontario’s new carbon regulation. The program will draw on the expertise of key industry and regulatory representatives, alongside seasoned carbon market specialists, to consider the various compliance components and new business opportunities as a result of the cap. Another focus of the event will be to evaluate Ontario within the context of North America’s budding carbon market, describing the nexus of the provincial cap-and-trade program with other carbon policy initiatives throughout Canada, the United States, and Mexico. Panelists will discuss considerations for Ontario’s intent to link with California-Quebec and Mexico in the near future, analyzing strategies for developing a fair and transparent auction process in the linked WCI market. In addition, the program will address short and long-term planning needs in Ontario and Canada to effectively prepare for a reliable low-carbon future, exploring how carbon pricing will influence local generation and energy flows, and identifying transmission and renewable development needs.
- Review current Canadian, North American, and global carbon pricing and policy regimes
- Discuss Ontario’s cap-and-trade program design, implementation timeline, and regulatory requirements
- Identify how cap-and-trade will influence Ontario’s economy, electricity prices, domestic generation and imports/exports
- Evaluate cost concerns for generation contracts raised by the cap-and-trade program
- Review how current GHG reporting and verification practices and requirements may change under future regulation
- Analyze market-based emission reduction strategies and compliance optimization methods
- Examine optimal compliance pathways for utilities, independent power producers, local distribution companies and other load-serving entities
- Evaluate resource and transmission planning needs for a low-carbon future
- Identify opportunities for renewable energy development
- Review carbon market business strategies for emission trading, offsets, and auctions
- Assess the nexus of provincial carbon programs and the prospect of a federal carbon tax
- Examine considerations for managing carbon price variations in the Northeast
- Evaluate strategies to create an optimal North American carbon market
- Ensuring fair and transparent auctions
- Policy and technical considerations for linking Ontario with Mexico and California-Quebec
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
EUCI is authorized by IACET to offer 1.2 CEUs for this event.
Requirements for Successful Completion of Program
Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for continuing education credit.
PowerPoint presentations, interactive dialogue and panel discussions will be used to present the material.
Monday, December 5, 2016
7:30 – 8:00 a.m. :: Registration & Continental Breakfast
Setting the Stage
Ontario Cap-and-Trade and Compliance
10:15 – 10:30 a.m. :: Morning Break
11:45 a.m. – 12:45 p.m. :: Group Luncheon
3:15 – 3:30 p.m. :: Afternoon Break
5:00 – 6:00 p.m. :: Networking Reception
Tuesday, December 6, 2016
7:30 – 8:00 a.m. :: Continental Breakfast
III. Optimizing North America’s Carbon Market
9:30 – 9:45 a.m. :: Morning Break
In-Depth Compliance Planning and Preparation for Cap-and-Trade
Tuesday, December 6, 2016
12:30 – 1:00 p.m. :: Registration
1:00 – 4:30 p.m. :: Workshop Timing
*Attendees will need to bring a personal laptop to this workshop to participate in virtual exercises.
This interactive workshop will focus on strategies for industry compliance with Ontario’s cap-and-trade program, providing a deep-dive of technical, practical tips and tools to develop an optimal compliance strategy. It will evaluate best practices to mitigate risk and improve business opportunities, featuring an interactive, intimate dialogue with subject matter experts. Attendees will participate in a hands-on mock auction as well as virtual compliance exercises on an online compliance tracking platform.
- Participate in a hands-on mock auction exercise
- Examine technical and policy considerations for developing an optimal compliance strategy specific to your business
- Evaluate practical industry tips and tools from seasoned carbon market experts
- Review real world solutions and lessons learned for successful performance in cap-and-trade markets
- Engage in virtual compliance exercises on an online compliance tracking platform
- Introduction and Team Assignments for Mock Auction
- Emissions Trading & Allowances: Fundamentals & Expert Advice
- Fundamentals of emission trading/auctions
- Emission units, allowances and early reduction credits
- Legal framework
- Mechanics of trading and auctions
- Industry tools and practices for trading and auctions
- Understanding the Offset Mechanism: Risks, Rewards and Types
- Understanding Ontario’s offset mechanism
- Deciding the role of offsets in your compliance strategy
- Review of different offset project types
- Considerations for developing an offset project
- Financial due diligence
- Third party involvement
- Managing project risk
- Virtual Compliance Tracking Exercises
- Mock Auction: Portfolio Optimization
- “Hands-on” auction exercise
- Exploration of portfolio optimization techniques
- Implementing strategic and operational initiatives
- Managing customer costs and portfolio risks
- Hedging cap-and-trade financial exposure
Sean Capstick Principal, Golder Associates Ltd.
Sean Capstick, P.Eng. is a Principal with over 25 years of environmental compliance experience in Golder’s GTA Operations Atmospheric Services Group that provide a full suite of GHG, Climate Change, Permitting and Environmental Assessment services. He provides specialized expertise on strategic and regulatory advice to clients regarding the development of emission inventories recognized as a leading expert in Air Quality services including the emerging GHG framework, and is Golder’s Global Climate Change Technical Community Leader. Mr. Capstick has valuable expertise in GHG emissions management issues including, quantification methods, mitigation measures, measurement techniques and practical implementation of emissions reduction strategies. He has worked for clients in a variety of industry sectors such as cement, aggregate processing, chemical processing, electricity generation fertilizer manufacturing, mining, petrochemical, steel manufacturing, landfills, natural resources and properties management. He is sought after by industry, municipalities and legal firms for guidance and practical solutions in regulatory and technical matters related to the environmental permitting process and climate change. Mr. Capstick is also currently directing projects with a number of industrial associations to assist them through data analysis and negotiations with the government on new proposed provincial and federal GHG legislations for their sector.
Mittal Monani, Environmental Commodities Trader, Capital Power Corporation
Mittal Monani manages the U.S. Carbon portfolio for Capital Power (TSE: CPX), a Canadian independent power producer with more than 3,200 MW of generation capacity across North America. Based in Calgary, Mr. Monani is active in California-Quebec carbon allowances and offsets, RGGI, voluntary credits, and other related products. He is an experienced trading and origination professional with a strong background in energy and environmental markets at leading global energy organizations. In addition to the U.S. Carbon markets, Mr. Monani has extensive experience in other environmental commodities, natural gas, and coal markets in North America and Europe, and has held positions with both BP Canada and TransAlta earlier. Prior to working in the energy industry, he spent many years at a number of high-tech companies in various roles as a software R&D professional.
Juliana Bruno, Consultant, London Economics International LLC
Xantha Bruso, Manager of Long-Term Energy Policy & Procurement, Pacific Gas & Electric (PG&E)
David Butters, President, Association of Power Producers of Ontario (APPrO)
Sean Capstick, Principal, Golder Associates Ltd.
Yvan Champagne, President, Blue Source Canada
Jason Chee-Aloy, Managing Director, Power Advisory LLC
Michael Crawley, Executive Vice President, Northland Power
Paul Dabrowski, Senior Advisor – Modeling & Analytics, Ontario Power Generation
Ryan Duffy, President, Blackstone Energy Services Inc.
Craig Golding, Cap-and-Trade Manager, Ministry of the Environment and Climate Change (MOECC)
Scott Hernandez, Vice President – North America, CBL Markets
Paul Hibbard, Vice President, Analysis Group (Former Chair, Massachusetts Dept. Public Utilities)
Ashley Lawson, Senior Solutions Fellow for Policy and Resilience, Center for Climate and Energy Solutions (C2ES)
Stephen McComb, Director – US Environmental and Coal Markets, Intercontinental Exchange (ICE)
Mittal Monani, Environmental Commodities Trader, Capital Power Corporation
Fiona Oliver-Glasford, Senior Manager – Carbon Strategy & Integrated Resource Planning, Enbridge
Kevin Poloncarz, Partner – Environmental and Energy Practice, Paul Hastings LLP
Katie Sullivan, Director, The Americas & Climate Finance, International Emissions Trading Association (IETA)
Julie Tart, Senior Manager, ICF Canada
Darryl Yahoda, Director – Clean Energy Procurement, Independent Electricity System Operator (IESO)
Sheraton Centre Toronto Hotel
123 Queen St W
Toronto, ON M5H 2M9
To reserve your room, please call 1-416- 361-1000
Please indicate that you are with the EUCI group to receive the group rate.
The room rate is $CAD 229.00 single or double plus applicable taxes.
Room Block Dates:
A room block has been reserved for the nights of December 4 – 5, 2016.
Rate Available Until:
Make your reservations prior to November 4, 2016. There are a limited number of rooms available at the conference rate. Please make your reservations early.