Exploring industry challenges and strategies for cap and trade
Following last year’s inaugural sell-out event, the 2nd Annual Ontario Cap and Trade Forum will provide industry with critical insight on these key topics shaping carbon strategies and compliance. By bringing together industry market participants with all the key stakeholders involved in the cap and trade program including government, legal, finance, energy professionals and carbon experts the Forum will provide insight on the next steps for cap and trade participants and program development.
Canadian Clean Energy Conferences is an Ottawa based research and business-to-business event company that aims to help Canada move towards a low-carbon economy. Established in 2009, we have helped build and connect business communities in support of government renewables procurement and carbon initiatives.
We have supported renewable energy initiatives across Canada through events such as the Ontario FIT Forum, the Nova Scotia FIT Forum, the Renewable Energy Storage Summit, the Alberta and Saskatchewan Renewable Energy Finance Summit and the Ontario Cap and Trade Forum. Under our Energy and Mines brand we also run a series of events around the world helping connect the mining and renewables sectors.
Carbon Markets Fundamentals for Industry Participants
To be held on the afternoon of April 17th, this intensive half-day primer will provide market participants with a broad understanding of the fundamentals of carbon markets. The course is designed for new industry participants who need to understand the characteristics of carbon markets, carbon credits, offset protocols and industry participation.
The 2nd Ontario Cap and Trade Forum Opening Reception. Open to all participants. Venue to be announced shortly
Coffee & Registration
Chair’s Opening Remarks
Director,Canadian Clean Energy Conferences
9:00 Opening Keynote: Progress for Cap and Trade in Ontario
Session 1: Ontario Industry Leaders: Cap and Trade Challenges and Opportunities
This session will bring together senior representatives heading carbon strategies for Ontario companies to discuss current and future challenges and opportunities under cap and trade.
What are the top concerns for Ontario participants at this stage of the program?
How are compliance processes and best practices evolving?
What tools and resources have been most useful in developing carbon strategies?
How is uncertainty around the post-2020 landscape impacting business planning?
What key information on the post-2020 rules would allow participants to develop plans?
What would be assist to better identify opportunities in the secondary market?
Key takeaways from the first combined auction with Quebec and California
How is political uncertainty impacting carbon strategy development?
What are the next steps for Ontario participants in evolving their cap and trade plans?
Ontario’s Post-2020 Market: Key Updates and Next Steps
Updates on the timeline and process for developing Ontario’s post-2020 market design
What key factors are shaping market design decisions?
Next steps for consultation and finalizing post-2020 rules
Session 2: Cap and Trade a Year On: Participants’ Experiences and Impacts
This session will provide critical insight from Ontario participants on their experiences of cap and trade and how the program is shaping corporate strategies and planning.
Case Study: Analyzing the Impacts and Outcomes of Cap and Trade
Weighing the pros and cons of program participation one year on
What key developments have been a direct result of program participation?
How is cap and trade driving energy and climate strategies internally?
Case Study: Who to Speak to and How to Talk About Cap and Trade
What were the challenges in understanding the new rules of the game early on?
Developing an internal communications strategy and network of useful resources
Next steps in identifying carbon savings opportunities
Session 3: Market Developments and Experiences for CA and QC Participants
Linkage to the WCI increases the relevance of market design developments in California and Quebec. This session will provide essential updates from California and Quebec regulators on key market developments and impacts for market participants.
California’s Post-2020 Market Design and Impacts for Large Emitters
Next Steps for California’s post-2020 cap-and-trade regulation
What sort of feedback has been received from large emitters on post-2020 rules?
Next steps in finalizing California’s post-2020 regulation
Key Developments for Quebec Cap and Trade Participants and Regulation
Next steps in establishing the 2021-2023 rules for allocating free emissions
An overview of key program outcomes and participants’ experiences
Updates on recent developments for the post-2023 market design
Session 4: What does WCI Linkage Mean for Ontario Industries and Post-2020 Rules?
Along with creating a much bigger market, linkage to the WCI will result in changes for Ontario participants and influence market design. This session with provide expert analysis on what linkage means for Ontario industries and how developments in Quebec and California will likely shape post-2020 rules in Ontario.
CA and QC Post-2020 Regulations and Likely Impacts for ON Companies
An overview of CA and QC regulations and key outcomes for Ontario emitters
How are these market developments expected to influence post-2020 rules for Ontario?
What can Ontario entities do now to prepare for the next phase of the program?
Panel: What does WCI Linkage Mean for Ontario Industries and Post-2020 Rules?
How has linkage affected Ontario participants – what are the main benefits and potential drawbacks?
Beyond the auction, what program areas are expected to be harmonized?
What does linkage mean for carbon allowances and offsets – are they fully fungible?
Are carbon offset rules and restrictions expected to be further synthesized?
How much is Ontario expected to follow California’s post-2020 regulation?
Are key decisions on cap decline factors, pricing and free allowances expected to continue to be set by each jurisdiction?
Experts views on how California’s implementation of a price ceiling could affect Ontario and Quebec – is this expected to be harmonized?
What are the current expectations for WCI linking to international carbon markets?
Q&A with Audience
Session 5: Lessons Learned in Preparing for the 2018 Compliance Deadlines
By November 2018, Quebec and California emitters must have purchased all the allowances and offsets to cover their obligations for the 2015-2017 period. This compliance deadline doesn’t arrive for Ontario entities until 2021, however, strategies must be in place well beforehand. This session will offer case studies from California and Quebec participants on preparing for compliance readiness.
Meeting Obligations for California’s Second Compliance Period
What processes are useful to put in place well ahead of the compliance deadline?
Distinctions between first and second period compliance obligations
What would be useful for Ontario participants to consider in preparing for 2021?
Implementing Compliance Readiness: Key Steps and Potential Challenges
Key factors to consider in preparing for the compliance deadline
Implementing timelines and processes to ensure readiness
Lessons learned in developing strategies for the current compliance period
Regulatory Update: Ontario Offset Credits and Protocols
Session 6: How to Include Offsets in Your Carbon Strategy
Carbon offsets are expected to play a key role for Ontario market participants in meeting compliance obligations. With the final rules still under development, this session will offer insight from carbon offset experts on developing a strategy to meet compliance obligations and beyond.
Case Study: Key Considerations for Offset Investments
Identifying carbon offset project priorities and goals
Lessons learned from investing in projects with social partners
Communicating the benefits of offset projects as part of carbon strategy
Panel Discussion: Offset Updates and Strategies
What do recent offset protocol developments mean for cap and trade participants?
How can large emitters take advantage of the opportunities in Ontario’s offset market?
How can companies determine the number and types of offsets to invest in?
What offsets are currently available in Ontario and how are they being registered?
What are the pros and cons of investing directly in projects versus buying offset credits?
What does the WCI linkage mean for the offset market — will there be enough supply?
Which buying options from California offsets are most attractive to Ontario companies?
What does California’s decision to disallow millions of non-California offsets mean for the Ontario market?
What are the key steps for Ontario companies in ensuring an effective offset strategy?
Q&A with Audience
Session 7: Navigating the Secondary Market: Identifying Opportunities and Options
One of the key challenges for Ontario participants is understanding the various options and transaction possibilities provided by the secondary market. Buying carbon credits quarterly is one compliance root. However, the market has quickly evolved to offer sophisticated products and services that capitalize on market opportunities while meeting program requirements. This session will explore how to navigate the secondary market.
What Ontario Participants Need to Know about the Secondary Market
What’s changed since program launch: new products, new services and new strategies for the secondary market
Insight on secondary market supply and demand and market behaviour
Key steps in identifying the best options for participating in the secondary market
Panel: Navigating the Secondary Market: Identifying Opportunities and Options
What are the main drivers for participating in the secondary market?
What are some of the biggest challenges in identifying a strategy for the secondary market?
What lessons have companies learned from participating?
What recent market developments should participants be most aware of?
What needs to happen to better facilitate the market for private transactions between entities?
How is the role of the secondary market expected to evolve — will this alternative become essential for meeting compliance obligations as auction become more crowded?
Breakfast Briefing: Implementing Nova Scotia’s Cap and Trade Program
Nova Scotia is in the process of finalizing the design of its cap and trade program which will include participation from around 20 companies. This breakfast briefing will provide updates on program implementation and critical insight from industry leaders expected to participate in this developing cap and trade program.
Keynote: Next Steps for Nova Scotia’s Cap and Trade Program
What are the key differences with this program versus other jurisdictions?
Who will be included and what are the current plans for free allowances?
What feedback has industry provided and what are the next steps?
Panel Discussion: Preparing for Nova Scotia’s Cap and Trade Program
What are companies’ main concerns and challenges with cap and trade?
How does industry view the key elements of the program design including cap setting, free allowances, compliance options, offsets, etc.?
What are the pros and cons of not linking to other jurisdictions?
What key liabilities and business risks have companies identified under the program?
How are participants organizing internally to prepare to comply with the legislation?
What further program information do companies need to begin to plan effectively?
Beyond the initial period of free allowances, what would industry like to see in terms of protection against carbon leakage?
Keynote: Developing a Global Approach to Carbon Strategy
Session 8: Analyzing the Feasibility of Carbon Policy Change in Ontario
Election uncertainty is a key challenge for cap and trade participants with the official opposition campaigning to end cap and trade and move to a carbon tax. This session will bring together legal, political, and carbon market experts to offer informed views on what the election could mean for climate policy and the feasibility of backing out of cap and trade.
How is the election impacting carbon pricing and success strategies for Ontario industries?
How is voter support for cap and trade and the current climate policy tracking in the polls?
How is the current government positioning the success of the program?
Would it be possible for Ontario to exit the WCI at this stage – and if yes, what would need to happen?
Experts views on how a major policy change would impact Ontario participants
What role would the federal backstop play in if there was a move to taxation?
What advice would experts offer companies looking to position themselves for success in this market?
Session 9: Contextualizing the Federal Backstop for Cap and Trade Participants
The Canadian government is finalizing plans to introduce a national carbon price of $10 a tonne in 2018, rising by $10 per year until reaching $50 per tonne in 2022. A federal backstop will be applied to jurisdictions that do not have a carbon pricing regulation in place that meets this benchmark. This session will offer updates and expert insight on how the backstop fits with provincial cap and trade programs in Ontario and Quebec.
Key Developments and Potential Implications of the Pan-Canadian Carbon Price
Understanding how the Pan-Canadian legislation fits with cap and trade in ON and QC
Next steps in introducing a national price on carbon
How does this framework fit with international carbon market developments?
Putting the Backstop into Context for Cap and Trade Participants
What do companies need to understand about the federal backstop?
What is the latest update on different provincial carbon pricing plans?
How will the federal backstop impact Ontario and Quebec markets?
Session 10: Next Steps in Carbon Strategies and Emissions Reductions
Carbon pricing in Ontario has become a strategic driver for corporate change and innovation at both operational and management levels. This session will bring together those heading carbon strategies for Ontario participants to discuss the impacts of carbon pricing and the next steps in evolving their carbon plans.
How is carbon pricing driving change internally at both operational and corporate levels?
What are the key elements of current carbon strategies under cap and trade?
How are these expected to change in the near-term and what is influencing that change?
How is cap and trade driving carbon reduction goals and technology investments?
What barriers do companies see for further reducing their carbon exposure?
What options are participants exploring to drive down emissions?
What program developments would help support companies to meet their carbon goals?
Session 11: International Carbon Markets: What Industry Needs to Know
Key developments in and potential new alliances between international carbon markets could impact rules, pricing and offset mechanisms for cap and trade participants in Ontario and Quebec. This session will provide a synopsis of the most relevant global developments for Ontario and Quebec industries and how they fit with cap and trade.
What key developments in international carbon markets are most pertinent for cap and trade participants in Ontario and Quebec?
What is the relevance of Article 6 of the Paris Agreement and how is it evolving?
What is the latest update on and potential impacts of collaboration between California and European carbon markets?
What other linkages between carbon markets could affect ON and QC large emitters?
What are some of the potential risks and challenges of linking markets internationally?
What are the pros and cons of Quebec’s plan to link price to international markets post-2023 and how could it affect pricing in Ontario?
What should industry watch for in terms of the next steps in global carbon markets?
Session 12: TED-Talks: What does a $50 carbon price look like for my company?
This session will bring together carbon leaders to present four 5-minute TED-Talks on what a $50 a tonne carbon price would mean for their organization. These TED-Talks will be followed by a broader, interactive audience discussion on this topic.
TED-Talk: What Would a $50 a tonne Carbon Price Mean?
TED-Talk: What Does a $50 Carbon Price Mean for Industry?
TED-Talk: What Would a $50 a tonne Carbon Price Mean for Businesses?
TED-Talk: What Does a $50 Carbon Price Mean for My Company?