• The importance of global acceptance and regulatory involvement
• The carbon trading market and the evolution from voluntary to mandatory
• Global warming and the campaign to address climate change

• Fiduciary responsibilities in addressing climate risk
• Creating products that will thrive in the carbonconstrained global economy
• Overcoming uncertainty about greenhouse gas regulations
• Positioning your company to face future challenges

• How putting a price on carbon is driving cleantech innovation
• Reviewing the role that voluntary markets play in the provision of additional liquidity in environmental finance
• The demand push created by carbon regulation

SPONSORED BY:

• The necessary steps to meeting reductions in GHG emissions
• Impacts on the economy
• Establishing a carbon registry; the first steps toward trading
• A macro overview of US regulatory development

SPONSORED BY:

• Assessing the performance of the new carbon hedge funds and acquiring a diversified portfolio of carbon assets and derivatives
• Overcoming oil & energy price volatility by adding more stable alternatives to the mix
• Carbon finance has the potential to generate billions of dollars per year of green investments into developing countries. How do we realize this potential?
• Is carbon a new asset class? Where is the liquidity?

•     Creating market value through regulatory issues, market fundamentals and technological indicators
• Creating value and hedging your risk
• Managing Your Carbon Risk through International Markets

• An overview of the EU trading program
• The anticipated North American involvement

Please join us for a cocktail reception hosted by Baker & McKenzie at their corporate office in One Prudential Plaza – a short walk from the Gleacher Center!

SPONSORED BY

•     Creating value and hedging your risk
• Assessing risk exposure in investment portfolios, company evaluations, fixed assets and industry sectors
• Measuring physical risks and policy risks
• Determining the rising cost of carbon emissions
• Anticipating a cap & trade program for carbon dioxide
• The financial benefits of becoming carbon neutral

• Conducting business in a mandatory vs. voluntary carbon market and its implications on the bottom line
• Lessons learned from European companies
• Examining the near & long term horizons
• Creating opportunities from carbon capping

•     Buying from the Clean Development Mechanism (CDM)
• Comparing the voluntary vs. compliance markets
• Banking emissions reductions for use in future regulatory schemes
• Quantifying the offset and addressing the issue of permanence
• Determining a fair price for carbon offsets

• Sequestration potential of forests
• How carbon finance can help forestry projects
• CERs and VERs from forestry projects
• Non-carbon benefits of forestry projects
  

• Investing in energy efficiency projects
• Carbon sequestration vs. emissions reductions projects
• Engaging countries and companies alike to participate in carbon funds

• Helping European countries meet their commitments to the Kyoto Protocol
• Mitigating climate change through the investment in clean technologies
• Public/private initiatives

• Utilizing technology to aid in the transition
• Utilizing market mechanism to determine the energy mix of the future
• Broadening the reach of the carbon market to new countries, industry sectors and companies through more a more flexi

    
This session will examine the current state of play in greenhouse gas
deals, featuring:

• Practical insight into techniques to minimize risk and maximize
  competitive advantage in carbon finance transactions in primary
  and secondary markets
• Coverage of both compliance market (EU ETS and CDM/JI) and
  voluntary offset market transactions
• Greenhouse gas due diligence in M&A and beyond (e.g., CDM/JI)
• Insurance coverage issues and products
• Carbon and project finance linkages
  Market use of voluntary carbon standardsble range of options

This session will assess the implications of recent court rulings and pending cases for the evolution of the carbon finance market in North America, and beyond, focusing on:

• Clean Air Act litigation, including the U.S. Supreme Court decision in Massachusetts v. U.S. EPA
• Common law tort and nuisance actions
• National Environmental Policy Act disputes
• Human rights and international environmental law claims under the Alien Tort Claims Act

        
This session will analyze the wide range of legal and practical issues
associated with corporate disclosure of information about climate
change related risks and opportunities, including:

• Disclosure obligations under U.S. securities laws
• Sarbanes-Oxley requirements
• Carbon accounting in the U.S. and abroad, including an update on developments in the International Accounting Standards Board and Financial
• Accounting Standards Board
• Update on major voluntary initiatives, including the latest from the Carbon
• Disclosure Project and the Carbon Disclosure Standards Board
• Pending federal legislative proposals that would clarify and expand the scope of carbon disclosure
• Strategies to communicate performance to financial stakeholders

           
This session will explore the evolving nature of fiduciary responsibility in light of the risks to investments presented by climate change, featuring:

• Fiduciary duties of officers and directors, e.g., under the Employee Retirement
• Income Security Act
• Principles of corporate governance
• Directors and Officers insurance
• Trends in shareholder activism
• Pension fund activities to address climate risk

    
William L. Thomas heads the Environment practice of Clifford Chance US LLP in the Americas, and is based in the firm’s Washington, D.C. office. He is a member of Clifford Chance’s Global Environment Group, Environmental and Climatic Trading
Group, and Global Energy and Projects Group, and works closely with related practices within the firm, including Corporate, Finance, Real Estate, and Litigation and Dispute Resolution. He advises companies, financiers, developers and other enterprises on all aspects of environmental law, including climate change issues arising in connection with transactions and projects, formulation of management and legal compliance strategy, and disclosure.