Renewable & Carbon Market Fundamentals

September 10-11, 2020


AGENDA

Thursday, September 10, 2020 Central Time

8:45 – 9:00 a.m. :: Log In


9:00 – 10:30 a.m. :: Introduction to Renewable Energy Markets & Renewable Energy Credit (REC) Market Dynamics

10:30 – 10:45 a.m. :: Morning Break


10:45 a.m. – 12:15 p.m. :: U.S. Carbon Markets, Cap-and-Trade Programs, LCFS, & Emission Trading

This session will provide a big picture overview and update of active carbon markets and carbon policy regimes to date in the U.S. It will focus on carbon/emission trading programs, discussing in detail the California-Quebec and Regional Greenhouse Gas Initiative (RGGI).  It will also discuss the Low Carbon Fuel Standard (LCFS) and provide an update on developments for new carbon market in Washington and Oregon.

12:15 – 1:15 p.m. :: Break for Lunch


1:15 – 2:00 p.m. :: Overview of REC Registries & Administrative Aspects of Operation

2:00 – 2:15 p.m. :: Afternoon Break


2:15 – 4:00 p.m. :: REC Market Forces & Dynamics, Transactions/Trading Mechanics, & Market Case Studies

REC Market Forces & Dynamics: Structural Market Factors That Drive REC Trading & Liquidity

REC Transactions & Trading Mechanics


4:00 – 4:30 p.m. :: Emerging Markets Spotlight – Renewable Thermal Markets


Friday, September 11, 2020 Central Time

8:45 – 9:00 a.m. :: Log In


9:00 – 9:30 a.m. :: Emission Reduction Credits in “Non-Attainment Areas”

There is a little known, lucrative opportunity in the U.S. for power plants to not only save – but actually generate substantial revenue— through ‘Emission Reduction Credits in Non-attainment Areas’ in the U.S.  This session will discuss this unique type of emission credit, discussing where and how these credits can be obtained through power plant shutdowns. 


9:30 – 10:30 a.m. :: Corporate Procurement: Voluntary Market Trends & Transactions for Corporate Renewable PPAs

This session will discuss growing national trends in corporate and industrial renewable energy procurement, and how these projects are driving demand for clean energy and growing voluntary renewable markets across the country.  The session will also address specifics of negotiation of renewable power purchase agreements (PPAs) associated with these projects, discussing considerations from both the buyer and seller perspective, and tips to optimize the purchase and sale of a project’s associated environmental attributes. 

10:30 – 10:45 a.m. :: Morning Break


10:45 a.m. – 12:15 p.m. :: REC Project Finance & Contract Options

12:15 p.m. :: Program Adjourns


INSTRUCTORS

Mike Taylor, President, Emission Advisors, Inc.

Mike Taylor is a seasoned environmental broker, trader and consultant with over twenty years of experience in U.S. Emission Markets which includes trading, asset management, origination, and brokerage.  He is the #1 Best Selling Author with book "Reduce Carbon Compliance Costs: Strategies for California and Quebec facilities to reduce their compliance cost in the Carbon Cap and Trade Program".  He currently serves as the President for Emission Advisors, a leading broker and service provider in environmental credit markets. Emission Advisors was formed to assist clients in navigating the ever-changing landscape of environmental markets.  


Erin Eckenrod, Principal, E2 Environmental Services LLC

Erin Eckenrod is an environmental products trader with 14 years’ experience trading, hedging and originating North American Renewables, Carbon and Emissions products.  She has a successful track record of setting up and building environmental trading desks and businesses built around proprietary trading, self-originated product flow, asset optimization.  She currently is Principal at E2 Environmental Services LLC and was previously Head of Environmental Products at EDF Trading, and a Trader in Renewables/Emissions at NRG Energy. 


Benjamin Gerber, Executive Director, Midwest Renewable Energy Tracking System (M-RETS)

Benjamin Gerber is the Executive Director for Midwest Renewable Energy Tracking System, Inc. (M-RETS). M-RETS tracks renewable energy generation in participating states and provinces and assists in verifying compliance with individual state/provincial or voluntary Renewable Portfolio Standards (RPS) and objectives. The importance of M-RETS is to keep track of all relevant information about renewable energy produced and delivered in the region.  Prior to his appointment as Executive Director of M-RETS, Gerber served as Director of Energy and Labor/Management Policy at the Minnesota Chamber of Commerce. He joined that organization in January 2012, representing the Chamber’s energy interests at both the Legislature and the Public Utilities Commission. Prior to that, he was an oil and gas attorney and handled Fredrikson & Byron’s government relations operation in North Dakota, focusing on mining, energy and tax legislation. His Minnesota experience includes time spent at a Minneapolis government relations office, and public policy and legal work for National Wind, LLC, a large-scale community wind developer. 


Supria Ranade, Senior Director of Power Marketing and Wholesale Operations, Lightsource BP

Supria Ranade currently serves as a Senior Director of Power Marketing and Wholesale Operations at Lightsource BP.  She has more than 12 years of experience in the North American power, gas, and environmental markets. Prior to joining Lightsource BP, she worked on structured transactions at Direct Energy, BGC Partners, and Evolution Markets. Ms. Ranade received her Bachelor of Science in Environmental Science, from Johns Hopkins University, a Master of Science at Columbia University. She currently serves on the Board of the Midwest Renewable Energy Tracking System (M-RETS).


Andrew Bernstein, CEO, Kearsarge Energy, LLC

Currently, Andrew Bernstein is the CEO and founder of Kearsarge Energy.  He started Kearsarge in 2009 based on a longstanding belief that renewable and sustainable energy development will continue to accelerate as a key part of the U.S. economy and will play a critical role in overall U.S. competitiveness in the twenty-first century global economy.  Kearsarge believes it can capitalize on highly compelling investment opportunities in wind, hydro, solar, biogas and biomass and deliver strong returns to both its investors and the environment. Currently, The Company is focusing most of its efforts in Solar transactions ranging from $5 to $50 million in total cost. Kearsarge Energy is one of the largest Solar Developers in New England having completed almost $200 million in transactions in the last few years in Solar.  Mr. Bernstein has over 25 years of experience managing a broad range of organizations and divisions from large publicly traded corporations to early stage entrepreneurial enterprises with two successful exits. He has extensive experience in project finance and has consulted on energy development for various clients for more than 18 years. Andrew has lectured and written numerous articles on marketing, renewable financing, business strategy and more recently, on the business challenges of mid-sized IPPs in numerous publications and conferences, including cover stories in Fortune, Knowledge Management and Media Magazine.  Andrew received his bachelor's degree (AB) from Brown University and an MBA from Harvard University.  In addition to Kearsarge, he currently serves on several nonprofit boards.


Jim Duffy, Partner - Renewable Energy Team, Nixon Peabody LLP

James F. Duffy is a Partner in the Boston office of the national law firm, Nixon Peabody LLP.  He serves as the Co-Chair of the firm’s Renewable Energy Tax Credit Team and concentrates his practice on structuring and closing transactions involving federal income tax credits and other significant federal and state income tax incentives, including Production Tax Credits and Investment Tax Credits for renewable energy.  His practice also covers New Markets Tax Credits.  He has represented numerous developers, investors, syndicators and lenders in structuring and closing renewable energy and other transactions.  He serves on the Board of Directors and is the Secretary of the Distributed Wind Energy Association (DWEA), as well as the Board of Directors of Windustry.  He is a graduate of the University of Rhode Island, B.A. and The Harvard Law School, J.D.


ONLINE DELIVERY

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.