A SUMMARY OF WHAT'S NEW IN CEAG

1. AUSTRALIA CARBON BRIEFING TOUR AUGUST 2008 click here

2. FOUNDATION EMISSIONS TRADING: CEAG TRAINING COURSES 2008 click here

3. THE SECOND EDITION OF 'CLIMATE CHANGE AND EMISSIONS TRADING: WHAT EVERY BUSINESS NEEDS TO KNOW' click here

4. 'BRENT: A USER'S GUIDE TO THE FUTURE MARKET' click here

5. 'EMISSIONS TRADING AND THE CITY OF LONDON' click here

6. RECENT CEAG SPEAKING ENGAGEMENTS click here

7. RECENT CEAG ARTICLES click here

AUSTRALIA CARBON BRIEFING TOUR AUGUST 2008

- Sydney 6-8pm 5th August.

- Melbourne 6-8pm 6th August

- Adelaide 5.30-7.30pm 7th August

- Brisbane 5.30-7.30pm 11th August

- Sydney Full Day Workshop 13th August

For further details of the Full Day Workshop click here.

For further details of the Seminars click here.

For further details contact events@piperalderman.com.au

FOUNDATION EMISSIONS TRADING: CEAG TRAINING COURSES 2008

- 11th and 12th September 2008.

- 20th and 21st November 2008.

CEAG, supported by the Lord Mayor of the City of London, has a new training partner, ICAP plc, for 2008. Our 21st emissions trading training course will take place at 2 Broadgate, London on 11/12 September 2008. The course has a 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 early bird discount for the September course is available until 14th August 2008.

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 booking form click here. Scroll across to page 3 for detailed course content. Read Lord Mayor's comments on page 2.

'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.

THE SECOND EDITION OF: 'CLIMATE CHANGE AND EMISSIONS TRADING: WHAT EVERY BUSINESS NEEDS TO KNOW' OUT NOW

[ISBN-10 0-9550839-1-5, ISBN-13 978-0-9550839-1-4]

Following the successful first edition of the book we are now taking orders for the enhanced 280 page second edition.

Priced at only £99 per copy, with discounts for multiple orders, ‘Climate Change and Emissions Trading: What Every Business Needs to Know’ is a comprehensive and up-to-date guide to climate change and emissions trading. It provides an updated and expanded analysis of the regulation, the market and opportunities it presents for APP, Kyoto and European countries. It includes both the policy context and concise practical advice for businesses, institutions, advisers and regulators.

The first edition was bought by the UN, EC, international energy companies, industrial organisations, financial institutions, legal and financial advisers, and emissions and climate specialists.

Topics included:
Markets and Finance: The value of allowances. Contracts and trading issues. Pros and cons of trading and investing in emissions. Financial analysis of European trading and compliance so far. Physical delivery, registries and exchanges. Price drivers and the outlook for prices.
Regulation: A summary of the applicable legislation. The lessons from Europe for making Kyoto work. Kyoto countries’ reports of their annual emissions caps. Enforcing compliance with Kyoto targets. The Kyoto projects and sustainable development. Comparing the Kyoto and APP approaches.
Science and measurement: The updated state of knowledge on global warming. The ‘inconvenient truth’ of an inexact science. Measuring and verifying data and compliance. The role of sinks and sequestration.. Carbon capture and storage.
The Future: Beyond President Bush. 2012: what happens next? Market evolution: next stop the retail sector. Weather and climate forecasts: what the experts say. The interaction of weather derivatives and insurance.


FOR FURTHER DETAILS AND AN ORDER FORM click here.

To view a 20 page copy of the introduction, summary and contents click here.

To view the press release click here.

To view a copy of The Australian 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 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

12 August 2008: Carbon Workshop for Queensland Government Brisbane 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.

24 June 2008: UBS Investment Bank Client Seminar, London.

9 June 2008: Chair of Auctioning Workgroup, BERR/DEFRA EU ETS Stakeholder Event, London.

28 May 2008: Carbon Trading E-Symposium panelist, Environmental Risk, London.

15 May 2008: UK Oil Industry Taxation Committee Away Day, Latimer, UK.

10 April 2008: Emissions Trading Workshop: Perth Australia.

09 April 2008: Keynote Speaker APPEA Conference, Perth, Australia.

18 March 2008: Business Breakfast Carbon Emissions, Energy Institute, London.

13 March 2008: Emissions Trading Seminar, British High Commission Nicosia, Cyprus.

11 March 2008: Carbon Briefing for City of London Corporation, Guildhall, London.

21 February 2008: 21st Energy Price Conference, IP Week, London.

11/13 February 2008: Climate Change and Clean Energy Summit, CERA Week, Houston, Texas.

07 February 2008: Climate Change Projects Office Trade Mission. Osaka, Japan

04 February 2008: Climate Change Projects Office Trade Mission. Tokyo, Japan.

RECENT CEAG ARTICLES

The most recent articles published by CEAG consultants on topical subjects:

Piper playing emissions tune - The Australian Financial Review dated 16 May 2008
Piper Alderman's long-held relationship with the resources industry is providing the impetus to build a complementary emissions trading scheme practice, with the assistance of an external consultant from Europe. (The Australian Financial Review, 16 May 2008). Click here for full article

OP-ED/Documents - Time Is Running Short For a Post-Kyoto Protocol Deal by Liz Bossley
Liz Bossley of CEAG Ltd examines the issues to be resolved before the December 2009 Meeting of Parties to the Kyoto Protocol in Copenhagen, the deadline for a post-Kyoto Protocol agreement, and considers a possible way to break the deadlock. (Mees 51:14, 7 April 2008). Click here for full article

Liz Bossley's Interview with ABC Online - UK expert promotes carbon-trading over carbon tax
Mark Colvin: Whatever the details hammered out in Bali, the Australian Government has already committed itself to set up a carbon trading scheme by 2010 and Kevin Rudd's adviser Ross Garnaut says that is ambitious but achievable. (ABC Online, 12 December 2007). Click here for full article

Liz Bossley's Interview with Bloomberg.com - China, India Should Reject Kyoto Emission Caps, Consultant Says
China, India and South Korea should reject calls to agree to caps on emissions through the Kyoto Protocol because domestic carbon trading systems would be more effective, a UK-based energy trading consultant said. (Bloomberg, December 2007). Click here for full article

Liz Bossley describes the Background to Bali
High emissions caps for China, India and South Korea would be worse than no caps at all. Liz Bossley suggests a compromise alternative to break an expected stalemate in Bali. (Oxford Energy Forum Magazine, November 2007). Click here for full article

Activists push for carbon trading market
Article referring to Liz Bossley's speech in Taiwan at the 'GHG Reduction Strategies and Management Practices in the Energy' Sector conference in October 2007. (Taipei Times 2nd November 2007) Click here for full article

The Tail Wagging the Dog: Further Developments in the Brent Market
In March of this year OilVoice reported that the commencement of production from the Buzzard field through the Forties Pipeline System had led to a decline in the relative value of the Brent international oil marker price.
(Oil Voice, 26 June 2007). Click here for full article

FOR A FULL LIST OF CEAG ARTICLES click here