The NYMEX, Global Change Associates and Environmental Markets Association present a 5.5 hour class on carbon and emissions trading. This seminar will also include an emissions trading simulation and mock trading on the NYMEX floor followed by a cocktail party.

A comprehensive half day seminar on US carbon markets as well as the existing SO2 and NOX markets will be taught by Peter Fusaro, Thaddeus Huetteman and Gary Payne. This training will be followed by an emissions trading electronic simulation and then mock trading on the NYMEX trading floor. We complete the afternoon with a cocktail party on the NYMEX floor.

We complete the afternoon with a cocktail party on the NYMEX floor. California and other West Coast states as well as Northeastern states are now entering the carbon constrained world through government mandates. Nine Midwestern states are also moving in this direction. In two years, it is highly likely the US Federal Government will mandate economy wide greenhouse gas emissions reductions that will focus on reducing the US carbon footprint of over 6 billion tons. This new financial market will accelerate the rapid deployment of cleantech investment and requires understanding of how the cap and trade program will impact Fortune 1000 companies as well as create new investment opportunities.

This seminar is taught by leading experts in environmental financial markets. It is intended for busy people who in one afternoon can learn what carbon trading and finance, the state of the markets, and what are the investment opportunities. You will learn what “Cap and Trade: are but also the state of play of carbon hedge funds and private equity funds participating in this global market called carbon. View Past Seminar Attendees

This 4 hour class incorporates the following elements:

• What are Environmental Financial Markets?
• What are "Cap and Trade" programs and how did they emerge in the U.S. (e.g., SO2 and NOx programs?)
• What is Carbon Trading and Finance?
• What risks and opportunities arise for companies under trading programs?
• What lessons can be drawn from existing U.S. trading programs for carbon?
• What will the California market look like?
• What will impact the Northeast's Regional Greenhouse Gas Initiatives?
• What is Congress now considering on climate change?
• What is the EU Emissions Trading Scheme?
• What alternative instruments are available in pre-compliance to lay-off risk?
  • Examples:
    • International offsets; What is the Clean Development Mechanism under the Kyoto Protocol
    • Voluntary programs; What is the role of the Chicago Climate Exhange
    • Derivatives (Either exchange traded or over the counter)
• What technology solutions are available? Other physical compliance options? How does the cost of compliance influence carbon prices?
• Practical aspects of Emissions trading
• Emissions Trading Simulation (EMA Trading Group Exercise)
• Hedging positions using Exchange Traded Options (NYMEX Floor Exercise)

Schedule:

12:30 - Registration

1:00 - Introduction to Emissions Trading & Carbon Market Developments by Peter Fusaro

2:45 PM - Break

3:00 PM - Managing Risk in Emission Trading: Lessons Learned from Existing U.S. Programs SO2 by EMA

4:00 PM - EMA Practical Aspects of Emissions Trading & Trading Simulation

5:00 PM - Mock Trading on NYMEX Floor

6:00 PM - Cocktail Reception

Your Instructors:

Peter C. Fusaro is Chairman of Global Change Associates in New York and is the best selling author of What Went Wrong at Enron. He has been actively engaged on energy and environmental issues for 32 years. Peter is an energy industry thought leader noted for his keen insights in emerging energy and environmental financial markets. He has been on the forefront of energy and environmental change for over 30 years focusing on. oil, gas, power, coal, emissions, carbon trading and renewable energy markets. Peter is currently advising in the clean energy technology arena. Peter was recently selected for Who’s Who in America. Peter coined the term “Green Trading” and “Green Finance,” and holds the annual Wall Street Green Trading Summit with Reuters in New York each spring. He is also a well known expert on Asia Pacific energy and environmental markets. In 2004, he co-founded the Energy Hedge Fund Center LLC (www.energyhedgefunds.com). He has authored 13 books on energy and environmental trading. His three most recent books have been Cut Carbon, Grow Profits; Energy & Emissions: Collision or Convergence; Energy & Environmental Hedge Funds: The New Investment Paradigm. Peter graduated with an MA in International Relations from Tufts University and a BA from Carnegie Mellon University.

Thaddeus J. Huetteman President Power & Energy Analytic Resources, (PEAR) Inc. Mr. Huetteman is President of Power & Energy Analytic Resources, (PEAR) Inc., a Georgia corporation providing expert advisory services and technical support to companies seeking to manage environmental risks in deregulated electricity markets. His company publishes Allowance Market Outlooks covering the trading of SO2, NOx, and mercury in the U.S., as well as CO2 across regional and global markets. Mr. Huetteman has extensive experience in the area of emissions credit trading, ranging from modeling allowance market conditions to strategies for improving operational cost competitiveness and was involved in efforts to formulate EPA's model NOx trading rule for implementation of the Agency's rules on transport of ozone to non-attainment areas. He has also completed a number of due diligence efforts for energy asset acquisitions both in the U.S. and Europe. Prior to founding PEAR, Inc., Mr. Huetteman was Vice President in EDS's Management Consulting Services group, responsible for its strategic fuel management program and power markets practice. From 1986-1989, Mr. Huetteman was Director of DRI/McGraw-Hill's Coal Service. Prior to that, he was a Regulatory Impact Analyst with the U.S. Environmental Protection Agency in the Energy Policy Division.

Gary Payne Dominion Energy Clearinghouse. Gary Payne is an Emissions Trader Dominion Energy Clearinghouse. Headquartered in Richmond, Va., Dominion Energy Clearinghouse is the energy trading and marketing operation of Dominion (NYSE: D), one of the largest energy marketers in North America. Mr. Payne, who joined Dominion in September 2002, is responsible for managing Dominion's portfolio of emission commodities, and serves as company consultant on issues surrounding emissions trading. Prior to joining Dominion, Mr. Payne held positions in emissions and energy trading at Aquila Energy, Kansas City, Missouri, and Koch Energy Trading, Houston Texas. Mr. Payne also worked in energy marketing for Illinova Power marketing in Salt lake City, Utah. Mr. Payne holds a Bachelors Degree in Sociology from Brigham Young University, and a Master of Business Administration from the University of Utah, Salt Lake City.

Who Should Attend this Seminar?

This seminar will benefit a wide variety of organizations in the electric power, financial and energy industries. Professionals from banks, energy producers, electric utilities, energy marketers, industrial companies, electric generators, and municipals will gain valuable insights, as will natural gas, oil and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, economists, trading support staff, auditors, attorneys, government regulators, rate specialists, plant operators, engineers and corporate planners.

Prerequisites

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.

Why Choose PGS?

Since 1996, PGS seminars have been known for their clear explanations and in-depth content. Register for a PGS program today, and team up with the leader in electric power and energy education. Over 3,000 energy and financial professionals have already attended PGS's proven courses. View Past Seminar Attendees

The Environmental Markets Association (EMA) is the premiere trade association for environmental industry professionals who are active or interested in the market-based solutions to combat pollution and create a sustainable environment. Since 1996, EMA has been providing education and networking programs for emissions traders, brokers, consultants, investors, large utilities, non-profit organizations, government agencies and academics in current and emerging markets including SO2, NOx, RECs, Mercury, Carbon and greenhouse gases. EMA members are the most knowledgable and experienced individuals that are making environmental markets work. Your Environment. Your Markets. Your Association. For more information, please visit www.myEMA.org.

Hotel & Seminar Information

This half-day seminar will be held at the location listed below or can be conducted on-site at your facilities. This seminar includes a cocktail reception. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.

New York Mercantile Exchange
One North End Avenue
New York, NY 10282-1101
View Venue Website

PGS Energy Training will conduct this seminar at New York Mercantile Exchange. Because of the diversity of hotels found in the area, PGS Energy Training will not be holding a block of sleeping rooms with one particular hotel. Should you need a list of local hotels in the area, please contact us at 412-521-4737 and we can help you with your accommodations.

Registration Fee & Discounts

Register Now and invest in your future.The price for this comprehensive seminar is $895 (USD).

• Additional attendees and government employees receive a 10% discount.
   
• Sign up for 4 or more classroom seats during the same month and all attendees will receive a 20% total discount. ( If you plan to register 4 or more classroom seats, but want attendees to pay by separate credit cards, register one party now and mention this fact in the "Comments" section of the registration form. We will manually subtract the 20% discount from the first registrant's seminar fee. Tell other parties in your group to mention your name when they register, and we will give them the 20% discount as well.) Please call 412-521-4737 for more information.
  

Payment & Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, Diners Club, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 43 Fawnvue Drive, Suite 700 • Mckees Rocks, PA 15136. Cancellations can be made up to three (3) business days prior to the start of the seminar for a full refund. No refunds will be made thereafter, but credit will be given toward future workshops. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at 412-521-4737.

CPE Credits

This group live seminar is eligible for 6.5 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS  Energy Training is registered with the National Association of State Boards of Accountancy (NASBA)  as a sponsor of continuing professional education  on the National Registry of CPE Sponsors. State boards of accountancy have final authority on  the acceptance of individual courses for CPE  credit. Complaints regarding registered sponsors  may be addressed to the National Registry of  CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org. CPAs interested in attending any seminars  should contact our offices for details on CPE credits granted and any prerequisite requirements.