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A SUMMARY OF WHAT'S NEW IN CEAG
1. THIRD EDITION: CLIMATE CHANGE AND EMISSIONS TRADING: WHAT EVERY BUSINESS NEEDS TO KNOW click here
2. FOUNDATION EMISSIONS TRADING: CEAG COURSES 2009 click here
3. NEW CITY OF LONDON / CEAG REPORT OCTOBER 2008 click here
4. BFOE: MEETING NOTE AND PRESENTATION FROM 25TH SEPTEMBER 2008 - ENERGY INSTITUTE click here
5. 'BRENT: A USER'S GUIDE TO THE FUTURE MARKET' click here
6. 'EMISSIONS TRADING AND THE CITY OF LONDON' click here
7. RECENT CEAG SPEAKING ENGAGEMENTS click here
8. RECENT CEAG ARTICLES click here
THIRD EDITION: 'CLIMATE CHANGE AND EMISSIONS TRADING: WHAT EVERY BUSINESS NEEDS TO KNOW'
[ISBN-978-0-9550839-2-1 (BOOK), ISBN- 978-0-9550839-3-8 (PDF)]
Available for immediate delivery, the new 2009 third edition of CEAG's 400 page book. Sponsored by Ian Luder, the Right Honorable Lord Mayor of the City of London and ICAP plc, the book contains guest commentaries by Barclays Capital, Lovells and the University of Petroleum and Energy Studies.
The book is right up-to-date with the latest developments and data in the EU ETS, the developing federal and regional schemes in the USA and the new emissions trading schemes that are emerging around the world. It details the supply and demand balance for allowances in the Kyoto and European markets. It describes the different assets, classes of emissions allowance and project credits that are trading in the various schemes and how they fit together. It examines price developments and the price formation process.
For further details and an order form click here.
To order online click here.
FOUNDATION EMISSIONS COURSE: NEW DATES FOR 2009
CEAG Ltd and ICAP plc, supported by Ian Luder, the Right Honorable Lord Mayor of the City of London, are pleased to announce the 2009 dates of our emissions trading courses.
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- 11th and 12th June 2009 - RESCHEDULED
- 25th and 26th June 2009 - NEW DATE
- 22nd and 23rd October 2009
- 26th and 27th November 2009
` The City can only maintain its primacy by remaining a pre-eminent centre of business learning and skills: to this end the development of a comprehensive programme of carbon finance-related training is a natural reflection of the depth of the world-class professional skills base that exists here. `Right Honorable Lord of Mayor of the City of London
The courses, which will take place at 2 Broadgate, London, have one day option (£550) and a two day option (£1,000). 15% early booking discount for bookings four weeks in advance of the course date and a 10% discount for multiple delegate bookings.
The course is designed to:
- Inform principals, advisers, investors, bankers, lawyers, accountants, verifiers and technology provides about the regulatory and business issues involved in the international carbon market;
- Explain to regulators and policy makers the commercial implications of their decisions;
- Provide high quality practical instruction supported by case studies for traders and risk managers concerning the unique characteristics of the emissions market; and,
- equip emitters with the basic information necessary to start compiling their own emissions trading strategy and tactics.
For further details and a booking form click here.
To book online click here.
For timetable Day One click here.
For timetable Day Two click here.
Comments from recent delegates: 'Articulate, professional and very useful' Deutsche Bank delegate; 'Brilliant' JP Morgan delegate; 'Good environment and atmosphere' FSA delegate;'Very Good' EDF delegate; 'Overall an excellent two days' BERR delegate; 'Excellent, knowledgeable and highly relevant speakers' Ecosecurities delegate; 'Good course'. Participants' backgrounds play an important role in building understanding' BAA delegate.
NEW CITY OF LONDON / CEAG REPORT OCTOBER 2008
UK EMISSIONS POLICY OPTIONS
Published by the city of London, this CEAG paper sets the context and describes the opportunities for London arising from market developments in emissions trading and the related emerging climate markets. In this report, the current stages of development of the international Kyoto-based emissions market, the mandatory regional and national markets around the world, and the international voluntary market, are reviewed. An assessment is made of the contribution of the different asset classes of allowances that are trading in the market, their relative values and how they are linked. The transaction log and registry system that controls the international transfer of emissions allowances is described, and a method proposed whereby the UK registry could be adapted to overcome the limitations of this system to facilitate international trade conducted through the UK. Finally, the paper looks ahead to consider the range of likely outcomes of the negotiations on a new Kyoto deal post-2012 and the UK's role in these discussions and suggests a framework whereby complementary policies of the Greater London Authority and the City of London could be coordinated with UK national climate change policy.
To download a pdf of the report click here click here.
BFOE: Meeting Note and Presentation from 25th September 2008 - Energy Institute
On 25th September 2008 the Energy Institute hosted a meeting of oil traders to discuss a new methodology for agreeing changes to the general terms and conditions of trade for the Brent/Forties/Oseberg/Ekofisk contract.
For a copy of the meeting minutes published by the EI click here.
For a copy of the presentation given by CEAG click here.
'BRENT: A USER'S GUIDE TO THE FUTURE MARKET' OUT NOW
This new study looks at the physical commodity underpinning the Brent market out to 2012 and explains the far-reaching implications for international prices and contracts. It examines the substantial changes to the ownership of Brent, Forties, Oseberg and Ekofisk and the unfolding production and quality issues that have led to the introduction of 21-Day BFOE and the possible need to remove Forties from the contract.
FOR FURTHER DETAILS AND AN ORDER FORM click here.
Articles and reviews of the Brent Book
To view an article reproduced with the kind permission of the Energy Intelligence Briefing click here.
To view a copy of the Reuters article click here.
To view an article reproduced with the kind permission of Energy Compass click here.
To view a copy of the MEES article click here.
To view a copy of the Reuters article click here.
To view a copy of the Petroleum Intelligence Weekly article click here.
To view a copy of the International Oil Daily article click here.
To view an article reproduced with the kind permission of Energy Compass click here.
To view a copy of the Argus article click here.
To view a copy of the OilVoice article click here.
'EMISSIONS TRADING AND THE CITY OF LONDON' AVAILABLE TO DOWNLOAD FREE OF CHARGE
CEAG's report 'Emissions Trading and the City of London' was commissioned and financed by the City of London Corporation.
This report does three things
1. It explains the evolution and current status of international emissions legislation and emissions trading issues - both the Kyoto Protocol and the alternative US-led Asia Pacific Partnership.
2. It offers a generic template providing a comprehensive fungible method of compliance amongst a range of green schemes for use by any international, national, state or regional authority irrespective of whether or not the authority is a signatory of Kyoto. The template is based on the use of an existing tradable compliance instrument, the European Emissions Allowance ("EUA").
3. It outlines a retail emissions scheme that would bring the general public into direct individual contact with the costs and benefits of their personal carbon impact or "footprint".
The programme would provide for compliance by households with local environmental policies by the buying and selling of EUA's in a new retail sector.
TO VIEW OR DOWNLOAD A PDF OF THE REPORT FREE OF CHARGE click here.
For answers to frequently asked questions about the report click here
To view a copy of the City of London press release click here
For an article published in City Research Focus click here
To order a hard copy of the report free of charge please contact Sarena Steeds on: sarenasteeds@ceag.org
RECENT AND UPCOMING CEAG SPEAKING ENGAGEMENTS
18 June 2009: Australian Institute of Company Directors Conference, Melbourne, Australia
17 June 2009: Australian Institute of Company Directors Conference, Sydney, Australia
15-16 June 2009: Australian Institute of Company Directors Conference, Brisbane, Australia
10-11 June 2009: Australian Institute of Company Directors Conference, Cairns, Australia
28 April 2009: Low Carbon Management Symposium, Kemco, Seoul, South Korea
9 February 2009: LNG Roundtable, CERA Week, Houston
29 January 2009: Low Carbon Growth Workshop for S American Policy Makers, FCO, London
27 November 2008: Women in Carbon Thanksgiving Reception, BERR, London.
07 October 2008: Hydropower 2008 Conference, Ljubljana, Slovenia.
04 October 2008: South Korean Climate Change Centre Delegation, FCO, London.
25 September 2008: Energy Institute Forum on the Brent Market, London.
13 August 2008: 1 Day Emissions Forum, Piper Alderman, Sydney, Australia.
12 August 2008: UBS Investment Bank Client Working Lunch, Sydney, Australia.
11 August 2008: Carbon Workshop for Queensland Government, Brisbane, Australia.
8 August 2008: Captains of Industry Lunch, Piper Alderman, Brisbane, Australia.
5-11 August 2008: Emissions Seminars, Sydney, Melbourne, Adelaide and Brisbane, Australia.
4 August 2008: Carbon Workshop for New South Wales Government, Sydney, Australia.
18 July 2008: UK HMRC and UK Oil Industry Taxation Committee meeting on Forties de-escalator, London.
10 July 2008: MANSION HOUSE CONFERENCE International Carbon Finance, London.
RECENT CEAG ARTICLES
The most recent articles published by CEAG consultants on topical subjects:
Liz Bossley of CEAG explains how Emissions trading is here to stay - Energy Institute, Yearbook and Directory 2009
After years of planning and discussion, the first commitment period of the Kyoto Protocol - 2008 to 2012 - is at last underway and, despite acrimonious international debate about its future, the cap-and-trade schemes it has spawned are not going to go away. (Energy Institute, Yearbook and Directory 2009). Click here for full article
Liz Bossley of CEAG explains how investors can get involved in emissions trading - Clean, Green, Money Machine - S&I Review dated September 2008
The market in CO2 emissions is growing exponentially. From zero in 2003, the measurable market is expected to turn over more than €40 billion this year. Admittedly, compared with the bond market, for example, this is unimpressive, but the growth potential is exciting. (S&I Review, September 2008). Click here for full article
Garnaut stance threatens climate talks - The Australian dated 4 August 2008
GLOBAL climate change negotiations will collapse in the same way the Doha trade talks failed last week if Ross Garnaut's view that there is no way forward without China and India is adopted, European emissions trading expert Liz Bossley has warned. (The Australian, 4 August 2008). Click here for full article
The EUA-CER price differential - Carbon Market Europe - Guest Commentary dated 18 July 2008
The testing of the link between the EU's carbon credit registry and the UN's international registry scheduled to start today is cause for one cheer at least. (Carbon Market Europe, 18 July 2008). Click here for full article
FOR A FULL LIST OF CEAG ARTICLES click here
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