Agenda

8:00

Coffee & Registration

8:25

Chair’s Opening Remarks

Adrienne Baker, Director, Canadian Clean Energy Conferences

8:30

Opening Keynote: Key Updates and Opportunities under Ontario’s Cap and Trade

The Honourable Glen Murray, Minister of the Environment and Climate Change, Government of Ontario

8:50

Session 1: Participating in Cap and Trade: Challenges and Strategies

Chair: Chris Benedetti, Principal, Sussex Strategy Group

Jim Stirling, General Manager, Environment, ArcelorMittal Dofasco

Christopher Martin, Senior Environmental Manager, Carmeuse Lime Canada

Chris Cuthbert, Manager, Co-Generation and Energy, Hamilton Health Sciences

Ruben Plaza, Environmental Manager, St. Mary's Cement

Robert Cumming, Director of Environment, Lafarge Canada

Effective participation in cap-and-trade requires a multidisciplinary approach involving environmental, finance, procurement and accounting departments to balance administrative, reporting, financial, and trading requirements. This opening session will provide insight on how industry participants are evolving their carbon strategies and provide insight on key concerns and challenges around cap and trade.

  • What are companies’ main concerns and challenges with cap and trade?
  • What key liabilities and business risks have companies identified under the program?
  • How are participants organizing internally to effectively comply with the legislation?
  • What would companies like to see in terms of credit for early action in Ontario?
  • How is the uncertainty around the post-2020 program impacting business planning?
  • What information do companies need on the post-2020 scenario to plan effectively?
  • What would industry like to see in terms of protection against carbon leakage?
9:40

Joint Keynote: Contextualizing Ontario: What Has been learned from Forerunners in Europe, California and Quebec?

David Sawyer, Founder, EnviroEconomics

Katie Sullivan, Managing Director, International Emissions Trading Association

  • How does Ontario’s program fit with global carbon cap and trade developments?
  • What key considerations shaped the design of the province’s cap and trade program?
  • How does Ontario compare to other provincial and state programs, as well as evolving federal carbon policy plans?
  • Understanding the economics: insight on cost analysis and sector impacts
10:00

Networking Break

10:30

Session 2: The Post-2020 Market in Ontario: Key Concerns and Next Steps

Uncertainty over the post-2020 program design for Ontario’s cap and trade is the biggest concern for trade-exposed market participants. Market rules are expected to change as the province aims to meet the target of 37% GHG pollution reduction below 1990 levels by 2030. Lack of clarity on allowance allocation post-2020 is a major concern for industry and is impacting business planning. This session will offer the very latest updates on post-2020 program developments and industry strategies in Ontario.

10:30

Ontario’s Post-2020 Market Design: Current Consultations and Considerations

Alexander Wood, Executive Director, Ontario Climate Change Directorate, Ontario Ministry of the Environment and Climate Change

10:50

Analyzing Post-2020 Business Risks and the Outlook for Carbon Pricing

Julie Tartt, Senior Manager, ICF International

  • Understanding how cap and trade will function in year one
  • What are the near-term and post-2020 expectations for carbon pricing?
  • Key liabilities associated with the post-2020 market that industry needs to address
11:10

Panel Discussion: The Post-2020 Market in Ontario: Key Concerns and Next Steps

Chair: Jessica Butts, Director, Delphi Group

Douglas Russell, Climate Change and Energy Expert, MDF Associates

Julie Tartt, Senior Manager, ICF International

Andrew Hall, Consultant, Environmental Markets, NGX

  • Expert perspectives on how plans are evolving for the post-2020 market in Ontario?
  • What risks and liabilities does this uncertainty create for market participants
  • What should industry be prepared for in three years – what are the most likely scenarios?
  • Expert views on potential changes to pricing, allowance allocations and the cap slope
  • What type of carbon leakage and competitive protections are being considered?
  • Updates on Quebec and California’s post-2020 plans and the applicability to Ontario
  • How is a national price on carbon expected to affect Ontario’s post-2020 market design?
  • What can industry do today to prepare for different market scenarios?
12:00

Luncheon Keynote: Factoring Carbon Pricing into Ontario’s Long-Term Energy Plan

Michael Lyle, Vice President of Planning, Legal, Indigenous Relations and Regulatory Affairs, IESO

  • How is the cost of carbon expected to be captured within Ontario’s electricity system?
  • How are utilities planning to integrate carbon pricing into rate setting going forward?
  • What should industry expect in term of electricity rates as the price of carbon rises?
12:20

Luncheon Welcome

David Timm, Vice President, Energy and Environment, Sussex Strategy Group

12:25

Networking Lunch

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Sponsored by

1:20

Case Study: Developing a Carbon Strategy for Ontario

Fiona Oliver-Glasford, Senior Manager, Carbon Strategy and Integrated Resource Planning, Enbridge Gas Distribution

1:40

Session 3: Lessons Learned from Quebec

Participating in Ontario’s cap and trade has introduced new financial liabilities and business opportunities for industry. Developing a carbon strategy that manages risks and identifies potential benefits is essential for Ontario participants.This session will offer detailed case studies rom experienced Quebec market participants on lessons learned in this market and strategies for success in Ontario.

1:40

Case Study: Top Considerations in Preparing for Carbon Trading

Michael Kandravy, Director of Fuels Quality & Regulatory Affairs, Suncor

  • Key takeaways from participating in Quebec’s cap and trade
  • Developing auction tactics: buying, selling, and holding allowances
  • Understanding the roles of the primary auction and secondary market
2:00

Panel: Lessons Learned from Quebec

Chair: Jean Paquin, Executive Vice President, Carbon Consult Group

Marc Butler, Director of Regulatory Affairs, Glencore

Hugo Levert, Senior Advisor, Carbon Markets, Gaz Métro

Pascal Lagacé, Vice President of Environment and Climate Change, Resolute FP

Michael Kandravy, Director of Fuels Quality & Regulatory Affairs, Suncor

  • What advice would participants offer Ontario companies in developing their carbon strategies?
  • What key lessons from Quebec can be applied in Ontario?
  • What were some of the unanticipated challenges that industry experienced?
  • How was compliance and trading managed internally?
  • Insight on cost-effective emissions reduction strategies that reduced carbon liability
  • What should Ontario companies be aware of regarding trading strategies?
  • How has the performance of carbon pricing in these markets affected business planning?
  • Participants views on the evolving post-2020 market designs for QC.
  • Is there a way for industry to actively participate in the reaching of 2030 goals? 
  • What would participants do differently in Ontario following these experiences?
2:50

Networking Break

3:20

Session 4: Ontario’s First Auction: Results Analysis and Future Trading Plans

With the first Ontario cap and trade auction taking place this March, mandatory participants are interested to understand the results and how they inform future trading strategies. This session will offer timely analysis on auction outcomes and what it means for participants going forward with critical insight from international carbon auction experts.

3:20

Analyzing Auction Outcomes and Informing Carbon Trading Strategies

Michael Berends, Head of Carbon Sales, ClearBlue Markets

  • What were the key outcomes and results of Ontario’s first carbon auction?
  • How do the auction results inform carbon trading strategies going forward?
3:40

Ontario’s First Auction: Results Analysis and Future Trading Plans

Chair: Mike Szabo, Correspondent and Co-Founder, Carbon Pulse

Anthony D'Agostino, Director, RBC Capital Markets

Lenny Hochschild, Managing Director, Evolution Markets

Stephen McComb, Director, US Environmental and Coal Markets, Intercontinental Exchange

Michael Berends, Head of Carbon Sales, ClearBlue Markets

  • What do the first results show about supply and demand for allowances in Ontario?
  • How does this compare to the early auctions in California and Quebec?
  • What type of auction strategies should mandatory participants be developing?
  • What do experts predict for future Ontario auctions in terms of supply, demand and participation?
  • How will linking to the Western Climate Initiative impact auction activity in Ontario?
  • How is trading activity and auction participation expected to change post-2020 in Ontario?
  • How is the secondary market evolving for the province – what do participants need to know about the opportunities this market can provide?
4:30

Session 5: California Cap-and- Trade: Lessons Learned and Participants’ Experiences

Chair: Dan McGraw, Senior Market Strategist, ICIS US Carbon Markets

Jeffrey Brown, Principal, PG&E

Arjun Patney, Policy Director, American Carbon Registry

Jeffrey Berman, Director, Emissions and Clean Energy, PIRA Energy

The California market experience offers critical insight for Ontario emitters currently developing their compliance strategies. In place since 2013, the program covers large electric power and industrial plants as well as fuel distributors, and is linked to Quebec through the WCI. Amendments to the program are currently under review with the State aiming to meet its new target of reducing emissions to 40% below 1990 levels by 2030. This session will offer critical insight on lessons learned from California with input from regulated entities and market experts.

  • What have been the different experiences of companies participating in California’s program?
  • How have entities managed compliance obligations internally?
  • How have entities controlled compliance costs?
  • What do participants wish they had known at the beginning of the program?
  • What auction strategies have companies evolved over time?
  • How have the legal challenges to the legislation affected market dynamics?
  • What is causing low demand for allowances and how has that impacted participants?
  • How are companies participating in the secondary market and what are the benefits?
  • Have there been opportunities tap into program revenues to invest in clean technologies?
  • How has program uncertainty affected California participants and what are the next steps for compliance and best practices?
  • What advice would participants offer Ontario companies as they prepare their strategies?
5:20

Networking Drinks Reception

9:10

Chair’s Remarks

Adrienne Baker, Director, Canadian Clean Energy Conferences

9:20

Session 6: Identifying and Realizing Further Carbon Savings

Chair: Paul Ghezzi, CEO, Kontrol Energy

Joan Byng, Manager, Cap and Trade Design, Union Gas

John Mullally, Director of Government Relations and Energy, Goldcorp

David Forsyth, Regional Energy Manager, Gerdau Long Steel North America

Scott Martin, President, Efficiency Engineering Inc.

Most mandatory participants in Ontario have been actively monitoring and driving down carbon emissions for over a decade, resulting in significant emissions savings. With the introduction of cap and trade, industry is now looking to identify new solutions to further reduce carbon exposure. This session will bring together industry experts to share strategies and discuss challenges for realizing further emissions reductions.

  • What effect is carbon pricing having on emissions strategies for mandatory participants?
  • What have been the most successful carbon abatement strategies for industry?
  • What are the main challenges and limitations for realizing further emissions reductions?
  • What would be helpful from a policy perspective to help facilities maintain competitiveness?
  • What types of carbon leakage mitigations would industry like to see in Ontario?
  • What would be helpful from a policy perspective to allow facilities to realize further carbon savings?
  • What solutions are participants exploring to further limit their carbon exposure?
  • What sort of support would participants like to see for breakthrough technologies?
10:10

Networking Break

10:40

Session 7: Carbon Offsets: Evolving Rules and Opportunities

Carbon offsets will play a key role for Ontario participants that have reduced their emissions to the point where further reductions are either cost-prohibitive or would negatively impact performance. Mandatory participants will able to meet up to 8% of their compliance obligation for each compliance period using offset credits which finance qualified projects that generate GHG emissions reductions. This session will provide the latest updates on offset protocols in Ontario and offer international insight on carbon offset markets, finance and best practices.

10:40

The Future Market and Evolving Protocols for Offsets in Ontario

Craig Ebert, President, Climate Action Reserve

11:00

Joint Case Study: Carbon Credits 101: Ensuring a Successful Offsetting Program

Jean Nolet, President & CEO, COOP Carbone

David Moffat, Fund Manager, COOP Carbone

11:25

What Compliance Entities need to Know about Carbon Offsets

Stephen Abrams, Lead Project Manager, Global Environmental Products, BP

• Experienced insight on the role carbon offsets can play in cap and trade compliance
• What regulatory mechanisms can help ensure the proper functioning of offset markets?
• A global view on current and projected demand for carbon offsets
11:45

Q&A with session Speakers

12:00

Networking Lunch

1:00

Session 8: Revenue Recycling: Opportunities for Ontario Participants

One of the biggest challenges for industry is accessing capital for technologies that will drive further carbon reductions for their facilities. Ontario plans to reinvest revenues from carbon pricing to support the province’s transition to a low-carbon economy and participants are interested to understand the potential for accessing this capital, which will be around $1.9 bn annually in the first compliance period. This session will explore current revenue recycling plans and evolving opportunities for market participants.

1:00

Developing a Framework for Carbon Revenue Recycling

Karen Clark, Director, Air Policy and Climate Change Branch, Ontario Ministry of the Environment and Climate Change

1:20

Panel Discussion: Accessing Funds to Drive Further Carbon Reductions

Chair: Richard Laszlo, Director, EnergyAware, Spark Power

Martin Vroegh, Senior Director of GHG Reduction Technologies, Ontario Centres of Excellence

John Wilkinson, Senior Vice President, Sustainability, GreenField Specialty Alcohols

Elizabeth Zelljadt, Fellow, Climate & Energy, Ecologic Institute

Adam Auer, Vice President, Environment & Sustainability, Cement Association of Canada

  • Comparing and contrasting Ontario’s current revenue recycling plans and the use of cap and trade revenue in other markets –
  • How have other models worked (or not worked) to drive further carbon reductions for large emitters?
  • Expert views on the types of funding opportunities expected for Ontario participants
  • Examples of projects mandatory participants are expected to receive funding for
  • What type of investment objectives will these projects have meet?
  • Insight on successful approaches and realistic timelines for accessing funding
  • What additional government investments in green technologies and infrastructure will assist Ontario participants in meeting compliance obligations over time?
  • What should participants expect in terms of ongoing access to funding and support?
2:10

Session 9: Linking Ontario’s Carbon Market to the Western Climate Initiative

Ontario’s link with the California and Quebec carbon markets will have significant impacts on the carbon strategies of market participants. While the details are currently being finalized, this session will explore the timeline, impacts and key outcomes of Ontario’s link to the WCI.

2:10

Connecting to the WCI and the Outlook for California’s Market

Erica Morehouse, Senior Attorney, Global Climate program, Environmental Defense Fund

  • How are plans evolving to link Ontario to the broader WCI?
  • Key updates on California’s post-2020 market design and implications for Ontario
2:30

Panel Discussion: Linking Ontario to the Western Climate Initiative

Chair: Andre Templeman, Founder and a Principal, Alpha Inception

Mark Purdon, Executive Director, IQCarbone

Chris Busch, Director of Research, Energy Innovation

Sarah Petrevan, Senior Policy Advisor, Clean Energy Canada

Scott Hernandez, Vice President, North America, CBL Markets

  • What are the implications for Ontario participants of connecting to this broader market?
  • What has been the experience of large emitters in California and Quebec?
  • How has Quebec’s connection to California affected pricing and liquidity in the province?
  • How will linking Ontario’s new program affect supply and demand for the WCI market?
  • How are legal challenges in California influencing post-2020 market design for the state?
  • What affect has post-2020 uncertainty had on demand for allowances in QC and CA?
  • How is this expected to change once these post-2020 programs are finalized?
  • What would happen to carbon pricing in ON and QC if California’s program ended?
3:20

Conference Close

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