An Introduction to the Kyoto Protocol and the Clean Development Mechanism

- Explaining the Kyoto Protocol & CDM

- Short vs. long term analysis

- Trends in CERs registered - statistics

- Which projects are more successful and why?

- New methodologies
Elisabeth Lokshall, Analyst, Point Carbon, Norway

Latin American Market Update

- Reviewing the developments of Carbon Markets across Latin America

- Global vs. Latin American expectations and realities

- Challenges & opportunities
Marco Monroy, Chief Executive Officer, MGM International, USA

Keynote Panel Discussion: Policy & Regulatory Issues
There are many policy and regulatory issues in Latin America at present that need to be discussed in order that these problems do not mean that Latin America lose out to other regions, countries i.e. China.  World Bank report that next year only 10% of projects will be coming from South America

- Programmatic CDM and its potential in the region
- Country case studies - Individual country focuses
- What lessons can each country learn from each other?
- What kinds of CDM projects are being seen in each country?

Panellists:
Pedro Moura Costa, Managing Director, EcoSecurities
Gisela Ulloa, Coordinator, Bolivia DNA, Bolivia
Christian del Valle, Environmental Markets, BNP Paribas
Each speaker will give a 10 minute case study, followed by an interactive discussion session.

Panel Discussion: CDM Project Developers/Hosts
This panel will focus on the ground host companies/municipalities rather than consulting/investors for the most important types of CDM projects in Latin America.  Technical, social, environmental, economical and financial aspects will be discussed.
- Swine manure treatment
- Landfill gas
- Urban solid waste management
- Strategies to sell
- New technologies
- Co-generation with sugar-cane bagasse

Panellists:
Meire Ferreira, Sustentabilidade, Sadia, Brazil
Tertius Ribeiro, Environmental Solutions, Mundo Limpo, Brazil
Carlos Bezerra, Development Manager, Vega (Suez Environmental), Brazil
Each panellist will give a 2 minute overview, followed by an interactive discussion session.

Case studies from the industry CDM project hosts, providing overviews and best practice summaries of key CDM projects

Sao Joao Landfill Gas to Energy Project
- Waste handling & disposal
- Sao Joao is one of Brazil’s largest landfills
- Reducing methane emissions & exploring 20MW renewable energy installed capacity
Deodora Vaz, Project Coordinator, Municipality of São Paulo, Brazil

Fuel Oil to Natural Gas Switch in the Petrochemicals Industry
- Development of the project
- Challenges faced, benefits expected
- Looking forward – other carbon mitigation projects?
Carlos Nardocci, Assessor - Direção Industrial, Solvay Indupa do Brasil, Brazil

Generating Renewable Electricity Using Hydroelectric Resources
- 3 renewable projects, two of them already registered and one in process
- Experiences in developing these 3 projects
- El Gallo example
Jacobo Mekler, Director Comercial, Comexhidro / Asergen, Mexico

Anaconda Landfill Gas Project
- CDM landfill project
- How it works
- Challenges
- Lessons learned
- Expected benefits
Nino Sergio Bottini, Director, Green Domus Desenvolvimento Sustentavel, Brazil

Capturing & Flaring Landfill Methane from Municipal Waste
- Enhancing landfill gas collection rates
- Flaring facilities
Fernando Hartmann, Director, SIL – Soluções Ambientais, Brazil

Networking Refreshments & Exhibition Visit

Reviewing Financing Instruments

- Corporación Andina de Fomento’s PLAC
- Experiences in carbon projectsin the Latin American region

- Project examples in areas like transport and renewable energies
Mary Gómez, Head of Latin American Carbon Program PLAC, CAF, Columbia

Panel Discussion: Analysing the Different Financial Approaches
- The PIN, PDD, auditing, government taxes are all cash barriers
- Project brokers/developers are increasingly taking on some of these cash elements/risks in exchange for some of the carbon credits. Is there a conflict of interest in owning an equity stake and selling credits on the market?
- Trends in financing
- Where will the finance come from to fund the projects?
- Financing strategies
- Private equity approach to investment i.e. wind farm deal North West Brazil
- Direct investment position

Panellists:
Francesca Maria Cercia, Managing Director, Econergy, Brazil
Andre Leal, Analyst, Ecoinvest, Brazil
Imtiaz Ahmad, Vice President, Morgan Stanley, UK
Roberto Vellutini, Head of Operations, Energy & Industries, Structured & Corporate Finance, Inter-American Development Bank, USA
Philipp Hauser, Operations Director, EcoSecurities, Brazil

Close of Day One & Networking Drinks

Votorantim Cement's Climate Change Management Strategy
- Climate change and the cement industry
- Sustainable cement initiative
- Overview of Votorantim Cement CDM projects
- Votorantim Cement carbon emissions inventory
- CO2 policy and reduction targets
- Overview of the threats and opportunities of climate change and the carbon credit market for the cement industry
Patricia Monteiro Montenegro, Manager of Environment and Co-Processing Votorantim Cimentos, Brazil

09.45

Biomass Electricity Generation Project
- Generating electricity required in paper manufacturing
Odivan Carlos Cargnin, Diretor Administrativo e Financeiro e de Relações com Investidores, Celulose Irani, Brazil

Understanding Carbon Buyers Requirements
- Ownership of credits is key
- What type of projects are buyers supporting?
Gerhard Mulder, Vice President, Commodities Derivatives Marketing, ABN Amro, Netherlands

11.35

The Austrian JI/CDM Programme – A Carbon Buyer’s Perspective on Project Performance
- Austrian JI/CDM programme overview (structure, volumes, funding opportunities etc)
- Current portfolio of ERPAs and project pipeline
- Experience with deliveries of CERs/project performance
- Experience in Latin America
- Expectations for carbon market in the medium and long term
Birgit Haberl, Austrian JI/CDM Programme, Kommunalkredit Public Consulting, Austria

12.00

Panel Discussion: Carbon Buying Considerations in Latin America – From Carbon Funds to Industrials
- Accounting and taxation aspects of the financial transactions involving CERs
- Kyoto uncertainty post 2012
- Supply demandbalance, particularly theeffect of the EU Trading Scheme Phase 2 National Allocation Plans
- Discussing strategies and risks
- Reality check - practical aspects of risk sharing between developers and buyers
- Need to widen CDM supply portfolio to mitigate risk
- The slow pace of CDM project registration
- Role of new CDM technologies like Carbon Capture & Storage 5 biofuels
- The low supply of pre-2008 CERs
- Standards for Voluntary Emission Reductions (VERs)
- The role of forestry projects and small scaleCDM

Panellists:
David Rusnok, Senior Project Manager, KfW Carbon Fund, Germany
Josh Green, Vice President & Regional Director, Climate Change Capital
Basak Beyazey, Emissions Trader, TOTAL, UK
Roon Osman, CDM & JI Markets, Shell Trading, UK

Project Registration Process – New Hurdles
- Triple validation, DOE + DNA + EB-RIT
- Risk of having to go back to square one
- Revisions of methodologies and document templates
- Republishing PDDs
- Brazil, DNA approval after validation – pros and cons
Shigueo Watanabe Jr, Consultor Senior, Negócios de Carbono
GEOKLOCK Consultoria e Engenharia Ambiental, Brazil

Panel Discussion: Key Success Factors of Project Development
- Barriers to getting projects off the ground
- Project identification, development, financing, verification
- Bottlenecks
- How to deal with small projects i.e. projects under 25,000 per annum
- Experiences from other regions
Panellists:
Christianne Maroun, Manager, Climate Change and Sustainability, ICF Consulting, Brazil
Antonio Lombardi, Manager, Social & Environmental Products, ABN Amro, Brazil
Alex Schlosser, Environmental Manager, Estre Ambiental, Brazil

Risk Management

- Risks apart from the CDM-specific risk – non carbon risks – while there are many; they are actually fairly common for all project financing activities in developing countries. Reputation risk for buyers who suddenly are involved with a whole new supply chain, hardly without checks and balances apart from the Gold Standard

- While you are not necessarily directly involved with your supplier of CERs, you still hold CERs with a very clear origin, and if the project goes bad this impacts you as well
- CER trading, no approved process

15.50

EUAs & CERs: Uneasy Bedfellows
- Why the EUA market is both a blessing & a burden to project owners
- How EUA prices affect CER prices
- Demand drivers for CERs
- Regulatory uncertainty
Mark Meyrick, Environmental Products Manager, EDF Trading, UK

16.15

Uncertainty of the 2008-2012 Period
- Pricing volatility and potential markets based on non-Kyoto demand from North America
Dr. Mark Trexler, President, Trexler Climate & Energy Services, USA

Energy vs. Forests
- Why the market prefers energy projects instead of forestry projects?
- Methodologies for afforestation and reforestation CDM project activities versus methodologies for others CDM project activities
- Uncertainties of LULUCF projects
- Socio and environmental benefits from LULUCF projects
- Is the window of opportunity narrower for forestry projects?
- The CDM first commitment period versus voluntary markets
- The future of LULUCF in post-2012 climate regime
- AR and conservation
- Possible synergies between forestry and energy projects - forestry bioenergy projects

Marcelo Rocha, Member, Afforestation Reforestation Working Group - CDM Executive Board, Brazil

An intensive one-day seminar to provide project developers with the expertise and knowledge to successfully enter the carbon market.

Session Leaders:
Vladimir Miranda Abreu, Tozzini Freire Avogados
Philipp Hauser, Origination Director, EcoSecurities
Patrick Burgi, Managing Partner, South Pole Carbon Asset Management

09.40

Status of Carbon Markets

• CDM market overview
• Factors shaping carbon credits markets and allowances
• Key drivers affecting carbon prices
• Predicting future growth and development of markets
• Learning to identify and design a successful CDM project

Key Challenges to Entering the Market

• Barriers to project registration process
• Countering lengthy time processes
• Overcoming transaction costs and managing risk
• Sources available for raising finance

Developing CDM projects in Latin America

• Progress, challenges and opportunities
• Tracking trends and developments in the market
• Assessing the success to date and potential for improvement of current models
• Carbon project success stories

Trading Credits: A Step by Step Guide

• Buying and selling carbon credits
• Future market projections for trading CERs between Annex 1 and non Annex 1 countries

Understanding Legal Implications for CDM Projects

• Legal aspects of CDM project development
• How to anticipate legal challenges
• Overcoming legal barriers to project success
• How to design and negotiate carbon contracts