Day 1 - Wednesday 22nd October

08:30 Registration and Morning Refreshments

09:00 Chairman's Opening Remarks

Keith Mullin, Editor-in-Chief, IFR

09:10 Where is the Carbon Market headed?

• Focus on the macro factors driving carbon trading
• Implications for the market after Hokkaido
• Key supply and demand drivers
• Prospects for carbon in a post-George Bush world
• The role of capital markets in limiting climate change

Garth Edward, Director, Environmental Products, Commodities, Citigroup Corporate and Investment Banking

09:40 Carbon Ratings

• What are they? Why are they needed?
• How will they work? Who will use them?
• How will they affect the carbon market?

Amul Gogna, Managing Director, IDEACarbon/Carbon ratings Agency

10:10 Productising Carbon

• What access channels have banks created for producers, end-users, speculators, proprietary traders and investors
• Overview of productisation options
• Overview of banks' activities in carbon

Guy Turner, Director, New Carbon Finance

10:40 Q&A and Discussion with Amul Gogna and Guy Turner

11:00 Refreshments

11:20 Structured Products

• Review of hybrid and complex products
• Who are the principal buyers?
• Is the client base expanding?

Paul Ezekiel, Head of Carbon Trading, Credit Suisse

11:40 Global Investor Appetite for Carbon Credit Structured Products

• What is investor appetite is there for structured carbon credit products globally, what kinds of credits can be structured and what are the products and how are they distributed?

Emmanuel Fages, Head of Carbon Research, Commodity Markets, Société Générale Corporate & Investment Banking

12:00 Carbon Linked Notes

• Launching carbon emission linked notes for Japanese retail investors

Patrick Weber, Director, Head of Carbon Trading, Dresdner Kleinwort

12:20 Carbon Indexation

• Benefits of carbon indices
• How much money is indexed to the price of carbon?
• Prospects for derivative/synthetic carbon products
• What scope is there for sub-index arbitrage strategies

Trevor Sikorski, Director, Commodities Research, Barclays Capital

12:40 Q&A and Discussion with Paul Ezekiel, Emmanual Fages, Patrick Weber and Trevor Sikorski

13:00 Lunch

14:00 Global Carbon Funds

• Outlook for carbon funds
• Focus on growth, performance, structures

Alexandre Marty, European Head of Climate Change, ICF International

14:20 FUNDS PANEL SESSION

Olivier Rouget, Managing Director, Nevastar Finance
Maite Pina, Director, Project Development , Carbon Capital Markets
Karen Degouve, Head of European Carbon Fund, Natixis
Ben Richardson, Managing Director, Natsource Asset Management
Assaad Razzouk, Group CEO, Sindicatum Carbon Capital

15:00 Refreshments

15:20 The Development of Carbon Markets in the US

• Outlining public policy and political risks in carbon markets
• Identifying investor demand for structured carbon products in US markets

Kenneth Markowitz, Senior Counsel, Akin Gump, Strauss Hauer & Field LLP

15:45 Standard Bank and Camco - Structured Carbon Credits Transactions

Nick Magowan and Joerg Zeeb, Standard Bank with Scott McGregor, CFO, Camco

16:05 Q&A and Discussion

16:15 Chairman's Closing Remarks and End of Conference