1. CARBON TRAINING COURSE 2009
CONCLUSIONS REPORT AND
EXPECTATIONS FOR THE SECOND EDITION IN 2010
SUMMARY
1. Involved Institutions. Description
2. Introduction to the Programme
3. Students Profiles: number, nationalities, background, expectations for 2010
4. Teachers: professional experience
5. Closing sessions: Speakers and topics covered.
6. Promotional Activities for the first and second editions.
Annexes: Carbon Training 2009 Contents Abstracts
Carbon Training 09 Report Page 1

2. 1.- Institutions involved
The Carbon Training Course is coordinated by EOI Escuela de Organización Industrial
and Zero Emissions Technologies, S.A. (Zeroemissions).
EOI Escuela de Organización Industrial, was the first school offering business
administration training in Spain, and one of the oldest in Europe. It is a state-wide public
foundation, non-profit, founded in 1955 by agreement of the Ministries of Industry and
Education, to improve the training of enterprises’ managers, or those professionals who
aspire in the future to leadership positions. EOI is pioneer since 1976 in management of
sustainable development and a founding member of AEEDE and EFMD. EOI is associated
with EFQM and among other institutions counts with the participation of the Institute for
Energy Diversification and Energy Saving (IDEA), under the Ministry of Industry, Tourism
and Trade.
Zero Emissions Technologies, S.A., (Zeroemissions) is a company within Abeinsa, the
industrial engineering and construction business group of Abengoa. The mission of
Zeroemissions is to provide global solutions to climate change through the promotion,
development and trading of carbon credits, the strategic consultancy in this sector, the
voluntary compensation for emissions and the innovation in technologies to reduce
greenhouse gases. The strong commitment to the environment and sustainable
development becomes the fundamental principle of the policy of Zeroemissions.
2.- Introduction to the Programme
The great world consensus on the need to control gases affecting global warming has
caused the shortage of emission rights and given carbon value.
Market tools designed to manage emission rights have turned out to be efficient cost-
benefit tools to limit greenhouse gas emissions.
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3. Knowledge and insight of these markets’ mechanisms and functioning enables companies
to reduce the risks of a scenario where carbon is restricted, making the threat an
opportunity, thanks to an active participation in a market that grows year by year.
The structure and scope of the specialisation programme in carbon markets is a plural and
a pioneer initiative to equip Carbon Managers with an integral approach to act rigorously
and effectively in carbon markets.
The course combines in-depth theory, practical knowledge, and develops and assesses
essential skills to operate in these markets. A flexible design and expert tutoring from
specialists in different knowledge areas complete the course features.
The programme is aimed at professionals with experience who wish to become carbon
market consultants, analysts or traders; company managers who wish to incorporate
carbon strategies into their businesses or government experts who work in areas related to
climate change.
It is also aimed at graduates who wish to progress professionally in an innovative sector
which requires specialists with in-depth knowledge of all aspects of the carbon cycle.
The programme is designed to train not only national students in Spain but professionals
all over the world. Therefore, the Carbon Training Course is given both in Spanish and
English in order to reach the highest number of candidates from the 5 continents.
2.1.- Programme contents
Module 1.- Climate Change
Module 2.- Emissions Reduction Project Management: Clean Development Mechanism.
Module 3.- Carbon Strategies: Implementation Trends and Experiences
Module 4.- Legal Aspects
Module 5.- Finance in the Carbon Markets
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4. An abstract of each module is shown in the Annex of this document.
3.- Students Profile
First promotion students 2009-2010
Number: 20
Nationalities: Spain, USA, Canada, Uruguay
Profile: professionals working in the energy and carbon market sectors, wishing to learn
more about this field. Hereafter a list of some of the companies where these professionals
came from is shown:
 Zeroemissions Technologies S.A.
 Abener
 Abengoa
 Befesa Agua
 Bioenergy Abengoa
 Emasesa
 Inabensa
 Telvent
 Teyma Uruguay
Expectations for the Second Edition
Number: 25
Nationalities: Spain and Latin-American countries mainly.
Rest of the world (we recommend to students the option to do this course in English)
Profile: professionals who wish to get formation within an innovative area such as Carbon
Market and other tools to combat climate change.
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5. 4.- Teachers: Professional experience
The teachers who have participated in the online lectures in this first edition of the Carbon
Training have two different profiles:
1- Professionals from the company Zero Emissions Technologies (S.A.), experts in the
field of knowledge lectured. The following is a brief summary of their curricula:
- Sergi Cuadrat
Sergi Cuadrat is a lead senior consultant and head of Carbon Operation and Verifications
of Zero Emissions Technologies S.A. He is responsible for the Verifications and Operation
of the company Project Portfolio under CDM/JI/VCS/GS.
Sergi is MSc in Chemical Engineering (University Rovira i Virgilil, Tarragona). He is
member of the UNFCCC roster of experts for CDM methodologies. Up to date, he has
conducted various seminars such as “Carbon Credits applied to Coal Mine Methane” and
“Monitoring LFG under CDM. Training to all Biogas Technology operators”.
Sergi has published several articles on different fields such as Landfill Gas Extraction,
Safety implications in the waste industry following implementations of ATEX directives and
Operational factors determining performance of landfill gas projects under Kyoto protocol
mechanisms.
- Rosa Pons
Rosa Pons is Director of Labelling and Certification of Zero Emissions Technologies S.A.
She has a Bachelors Degree in Industrial Chemistry from the University of Sevilla. She
counts with twelve years experience in the areas of quality, procurement and
management, in the petrochemical, information technology and consulting sectors.
Her professional career was initially developed in Repsol, joining Abengoa in 2000, within
the business group of technology information where she was responsible for the
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6. implementation of environmental and quality systems in Brazil between 2000 and 2003.
From 2003 until she joined Zeroemissions in 2007, she manage the purchasing areas from
Telvent Energía and Telvent Environment.
-José Luis Luna García
José Luis Luna is Head of Legal Department (corporate law, international contracts,
carbon markets) in Zero Emissions Technologies, S.A.
He graduated in Law from the University of Sevilla and holds a M.A in Business Law by
the Instituto de Emrpresa. He also holds a European Policy Degree by the Institut d’Etudes
Politiques (I.E.P) and a European Law Degree by the University of Sevilla.
-Claudio García Hernández-Díaz
Claudio García is Business Development Director of Zero Emissions Technologies SA
He is an Industrial Engineer by the Escuela Superior de Ingenieros in Sevilla.
Ten years ago, he started his career in Strategic Technology Consulting, specializing in
the transportation sector, providing assistance to both government and private companies.
He is responsible for conducting technical bids for public tenders in transport consultancy,
feasibility studies, economic analysis, financial, technological and strategic consulting,
market research, statistical analysis, has conducted several projects related to transport,
mobility sustainable, ports and goods.
2- Teachers from the University of Sevilla, Experts in the field of the Carbon Markets:
-José María González González
José María González González is PhD in Business Administration and Professor of
Management Accountability, within the Financial Economics and Accountability
Department of the University of Sevilla. He is visiting research fellow of the Sheffield
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7. Hallam University (UK). He is member of the Financial Economics and Accountability
Research Group (University of Sevilla) and of the Accounting and Business Education
Research Unit (Sheffield Hallam University).
José María has published several research articles in national and international
magazines, about management accountability, teaching accountability, social aspects of
accountability and circulation of best business practices in the organizational fields, in
particular Business Processes Reengineering (BPR), Total Quality Management (TQM)
and Corporate Social Responsibility (CSR).
He is currently involved in a research project on how economic and social factors influence
the management and reduction of carbon emissions.
-Constancio Zamora Ramírez
Constancio Zamora Ramírez is PhD in Business Administration and professor of the
Accountability Department of the University of Sevilla. He teaches tax accountability for
undergraduate students and international accountability for masters and PhD students,
especially within the Financial Instruments field. In this regard, he has participated in
several seminars and conferences both at universities and in the private sector.
Constancio teaches in the Financial Risk Management Masters of the BME Institute. He is
a member of the Accountability Principles Commission of AECA. He focuses his research
in the Financial Instruments Accountability, especially within the Carbon Markets and has
published several articles in specialised books and magazines.
5.- Closing sessions: Speakers and topics covered
The CT09 on-line course was completed with 2 days of full-time classroom course.
Experts in the field coming from private and public organizations, both at national and
international levels were invited as keynote speakers.
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8. During these closing sessions, a very interesting debate was created among speakers,
teachers and students, on the challenges and opportunities created by this new field of the
carbon markets, especially due to the recent Copenhagen Summit on Climate Change
some days before.
These two final contact days where keynote speakers, teachers and students gather
together make of the Carbon Training Course much more than a simple online
programme.
A list of the speakers and topics covered during these 2 days is shown below:
FIRST DAY FEBRUARY 2nd
 Opening Session
-Ismael Aznar: Deputy Director of Emissions Trading and Flexible Mechanisms
Spanish Office of Climate Change
-Alfonso González Hermoso de Mendoza: Director of EOI (Escuela de Negocios)
-Emilio Rodríguez-Izquierdo Serrano: General Manager of Zero Emissions
Technologies, S. A.
 Present and future measures to combat climate change in regulatory schemes”
- Speaker: Ismael Aznar: Deputy Director of Emissions Trading and Flexible
Mechanisms Spanish Office of Climate Change
This discussion focused on explaining the evolution and impact of measures, on
the international level regarding climate change, expanding on the following points:
Historical evolution to date of the different measures and mechanisms included
within the Kyoto Protocol. This included the volume of emissions reduced and what
key lessons have been learned from this initial phase of the Protocol.
Main conclusions of the Copenhagen summit and how the carbon market will be
altered by the decisions reached.
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9. Possible scenarios for the Carbon Market in a post 2012 scenario. Which sectors
and countries can reduce emissions through the existing mechanisms? What role
will the Sectoral CDM or Programmatic play?
 “Operations in voluntary emissions reduction schemes”
-Speaker: Grattan MacGiffin. Head of Voluntary Carbon Markets, MF Global
Limited, London.
This discussion was based on explaining who the main players are and what the
more common operations are in the voluntary market and how these initiatives can
assist the regulated market.
The first part of this presentation provided a practical outlook of what the supply
and demand scenario is in the voluntary market, and the keys for closing OTCs
operations to offset through VERs.
Furthermore, the current status of VERs transactions and the volume of business
that it represents as opposed to the regulated market were explained. The
discussion also presented what the evolution of voluntary market has been to date
and the projection for the future.
Finally, some details of the key buyers of VERs were given along with details of
how VERs can be used corporatively.
 “Mandatory and Voluntary emissions reduction schemes”
-Speaker: David Antonioli. CEO, Voluntary Carbon Standard Association
This discussion showed, from the experience point of view, how the CDM market
has evolved from its origin and how the voluntary market can help the regulated
market to expand its field of application.
The first part of this presentation provided an overview of how the regulated market
(CDM) has become more mature and what are the key learned lessons.
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10. Moreover, it will be explained how the CDM has influenced to improve different
secors in countries like Mexico, China, India, Brasil,…was explained.
Finally, an outlook was provided on the role that voluntary schemes will play in the
future, taking into account the contribution of these to date in countries such as the
U.S.
SECOND DAY FEBRUARY 3RD
 “Regulation in the Carbon Markets”
-Speaker: Anthony Hobley. Head of Climate Change & Carbon Finance. Norton
Rose LLP (Londres)
This discussion was based on exposing the legal status of the carbon markets
under the Kyoto Protocol and under other national mechanisms (USA) with the
objective of providing a basis for possible legislation regarding global climate
change:
The first part of the presentation offered an overview of the importance of
regulating the carbon market and how the current scenario has been reached
under the Kyoto Protocol, focusing on the relevance to major problems and
solutions in the signing of emissions purchase and sales agreements. Far less
known legal issues such as the Sectoral CDM and the CDM Programmematic was
also discerned.
Furthermore, the legal and political situation in the U.S. carbon market was
explained, taking a legislative tour to the current situation in that country.
Finally, an overview was provided of how comprehensive legislation on climate
change could be achieved, taking into account the main emission powers (USA,
China, EU) and those that are deficient (South and Africa), without overlooking
countries such as Australia, Canada, and Russia.
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11.  “Opportunities and risk in carbon markets”
-Speaker: Murray Ward. Founder of GtripleC (Global Climate Change
Consultancy).
This discussion was based on exposing the main benefits and risks arising from the
different tools for fighting climate change, thus arousing critical thinking as an
improvement exercise for the tools in the Copenhagen and post-2012 scenarios:
The first part of the presentation discussed the major opportunities presented by
carbon markets from the environmental, technological, economic, and social
development standpoints.
In the same manner, the principal risks and drawbacks that the carbon market has
faced up to the Copenhagen scenario were contrasted.
Finally, an overview was provided of the benefits and risks that the carbon market
will offer in a post-Copenhagen scenario.
 “Climate change impacts economic analysis in Europe: a sectorial approach”
-Speaker: Juan Carlos Ciscar: Institute for Prospective Technological Studies,
Sevilla.
The conference addressed the European Commission's Joint Research Centre
(JRC) final report of the PESETA project, published last November 2009. This
report makes an assessment of the annual economic impacts of climate change in
Europe in agriculture, river flooding, coastal systems and tourism without
considering adaptation policies.
The PESETA study also shows different regional impacts of climate change across
the EU. Damages would occur mainly in Southern and Central Europe, while
Northern Europe would be the sole region to benefit, in economic terms and for the
aspects studied, from climate change.
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12.  Closing Ceremony
- Speaker: Alicia Montalvo. Director of the Spanish Office for Climate Change.
6- Promotional Activities for the first and second editions of the programme
Activities accomplished for the first CT 09 edition:
EOI-Zeroemissions
-Design and distribution of the brochure “Carbon Training 2009”.
EOI
-Circulation on EOI´s website.
-Press ads.
-Circulation in Postgraduate Masters Portals (mastermas, tumaster etc…)
-Circulation in Postgraduate Masters Fairs, FIEP (Ferias Internacionales de Estudios de
Postgrado)
- Mailing and brochure circulation to EOI´s alumni and teachers data base.
ZEROEMISSIONS
- Mailing to the more than 3.000 Zeroemissions contacts.
- Brochure circulation among Zeroemissions customers and direct suppliers.
- Promotion of the course among all the Abengoa affiliate companies.
Activities to be undertaken for the second edition, Carbon Training 2010
EOI-Zeroemissions
- Updating of the commercial brochure.
- Conferences in the Universities of Madrid and Sevilla
- Promotion by means of the course keynote speakers and teachers.
- Ads publications in several specialised media.
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13. EOI
-Circulation on EOI´s website.
-Press ads.
-Circulation in Postgraduate Masters Portals (mastermas, tumaster etc…)
-Circulation in Postgraduate Masters Fairs, FIEP (Ferias Internacionales de Estudios de
Postgrado)
- Mailing and brochure circulation to EOI´s alumni and teachers data base.
- Mailing to all the attendants of the Carbon Training 2009 closing sessions.
ZEROEMISSIONS
- Brochure circulation among Zeroemissions customers and direct suppliers.
- Course presentation to future clients in Spain, Brazil, Chile, Peru, Panama, Colombia,
Costa Rica, Russia, and other countries visited by Zeroemissions staff.
- Course presentation in the Sevilla´s School of Engineers.
- Delivery of 300 commercial CT 2010 brochures in the Sevilla´s School of Engineers.
- Course projection in the screens of the Sevilla´s School of Engineers.
- Course presentation in other Universities.
Annexes: Carbon Training 2009 Contents Abstracts
Carbon Training 09 Report Page 13