This course in climate change and emissions markets is aimed at a wide range of analysts and managers in the energy sector. You will be introduced to climate change issues, including the underlying science and recent policy developments. Key global and European mitigation and adaptation initiatives will be presented, with particular focus on project-based and market-based mechanisms as set out under the Kyoto Protocol. A discussion on the mobilisation of carbon finance will close out the first part of the course. The focus of the course will then concentrate on the European Union Emissions Trading Scheme (EU ETS). Phase I and II will be examined, with a detailed discussion of the market reforms set out for Phase III (2013-2020); including the revised market infrastructure, extended scope and the introduction of primary market auctioning. The course concludes with an investigation of interactions within the emissions market - between EUA and CER contracts - and interactions between the emissions and energy markets.

1. An introductory training course for analysts and managers on
Climate Change and Emissions Markets
30-31 May 2013, London
Course Leader
Mark Cummins, Lecturer in Finance at Dublin City University

2. Climate Change and Emissions Markets
OURS
This course in climate change and emissions markets is aimed at a
wide range of analysts and managers in the energy sector. You will be
introduced to climate change issues, including the underlying science
and recent policy developments.
Key global and European mitigation and
adaptation initiatives will be presented,
Phase I and II will be examined, with a
detailed discussion of the market reforms
with particular focus on project-based and set out for Phase III (2013-2020); including
market-based mechanisms as set out under the revised market infrastructure, extended
the Kyoto Protocol. A discussion on the scope and the introduction of primary market
mobilisation of carbon finance will close out auctioning. The course concludes with
the first part of the course. The focus of the an investigation of interactions within the
course will then concentrate on the European emissions market - between EUA and CER
Union Emissions Trading Scheme (EU ETS). contracts - and interactions between the
emissions and energy markets.
Knowledge requirements Who should attend?
There are no prerequisite knowledge ▶ Business Analysts
requirements for this course. ▶ Business Managers
▶ Market Analysts
▶ Financial Analysts

3. AGENDA
AGENDA
AGENDA
Programme Day 1 Programme Day 2
8.30-9.00: Registration 9.00 -17:00 European Union Emissions
Trading Scheme (EU ETS)
9.00 -17:00 Climate Change and
Emissions Markets ▶ Historical Development
▶ Market Design: Cap-and-Trade Market
▶ Introduction to Climate Change
Structure
▶ Climate Change Science
▶ Phases I, II and III
▶ Global Climate Change Policy: Mitigation
▶ Phase III: Market Reforms
and Adaptation
▷ Market Infrastructure
▶ COP Climate Change Conferences ▷ Extended Scope
▶ Kyoto Protocol: Project- and Market- ▷ EU-Wide Emissions Cap
Based Mechanisms ▷ Auctioning
▶ Post-2012 Outlook ▷ Offset Limits
▷ Allowance Set-Aside Discussions
▶ European Climate Change Policy
▶ EU ETS and the Aviation Sector
▶ Emissions Markets: European and
▷ International Reaction
Global Initiatives
▶ Emissions Market Exchanges
▶ European Union Emissions Trading
▶ Emissions Products: Spot, Futures and
Scheme
Options Contracts
▶ Clean Development Mechanism
▶ Auction Markets
▶ Joint Implementation
▶ Market Trading Activity: Prices and
▶ Voluntary Carbon Markets Volumes
▶ Forestry and Carbon Sequestration: ▶ EU ETS Market Interactions: EUA and
REDD and REDD+ CER Contracts
▶ Carbon Finance ▶ Emissions-Energy Market Interactions
▶ Carbon Funds

4. LEADER
COURSE LEADER
Mark Cummins
Lecturer in Finance at Dublin City University
Mark Cummins is a Lecturer in Finance at the Dublin City University Business School
and Programme Chair of the MSc in Sustainable Energy Finance. He teaches a range
of climate change subjects including: Carbon Markets; Carbon Finance; Aviation and
Emissions Markets; and Applied Econometrics in Sustainable Energy Markets.
He has a keen research interest in a broad range of energy modelling, derivatives, risk
management and trading topics. He also has a particular interest in the area of sustainable
energy finance, with particular focus on the emissions markets. He holds additional interests in
the areas of model risk and model validation.
Mark has previous industry experience working as a Quantitative Analyst within the Global
Risk function for BP Oil International Ltd., based in Canary Wharf, London. As part of the Risk
Quantitative Analysis team, his primary responsibilities included derivatives and price curve
model validation and development, with a global remit across BP’s oil, gas, power, commodities
and carbon emissions activities. He now regularly works on a consultancy basis in the energy
space.

5. R LANGUAGE
The workshop will be delivered in English.
DATE
30-31 May 2013, London, England
SCHEDULE
Each day starts at 09.00 and finishes at 17.00hrs.
REGISTRATION
http://www.energy-expert-network.com/courses
E-mail: Johanna.Oberg@energy-expert-network.com
Phone:+46 (0) 708 55 65 62
FEES
ABOUT THE ORGANIZERS
Early Bird 2225 € (register before 12 April)
Standard price 2475€
MULTIPLE REGISTRATION DISCOUNT
Register two or more people from the same company
ENERGY EXPERT NETWORK and get a 10% discount per person.
The Energy Expert Network is a network of experts FOOD AND BEVERAGE
and hands-on energy market participants that provides Food and beverages will be provided to the
participants during the day. Specific wishes can be
companies with tailored courses. submitted to the organization.
The Energy Expert Network consists of the ‘best of the DOCUMENTATION
Participants receive documentation in a manual.
best’ industry experts, well known for their knowledge and
experience in teaching energy industry professionals. Energy
Expert Network also provide open courses on fixed dates in
co-operation with external experts.