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Wellesley, MA, United States, 2009/09/30 - US and European experts will debate, "Is Carbon Trading the Next Big Thing for US Business?" Press credentials & pre-registration required. Sponsor: Trayport, Ltd -- 85% of EU Carbon Trades Use Trayport - Trayport.com.
Leading US and European authorities will focus is on the effectiveness, economic benefits, profit potential and environmental soundness of a US cap and trade program similar to the EU Emission Trading Scheme (EU-ETS). Will Carbon trading benefit the US Economy? How will US companies use and trade their carbon credits? Can Cap and Trade pass in the US? Will the Obama Administration be able to show progress when world climate leaders meet in Copenhagen in March 2010?
The European Union (EU) made carbon trading mandatory in 2003. Despite outspoken taxpayer objection, US manufacturers, energy companies and other businesses have already begun trading carbon credits on voluntary markets. Moreover, India and China now share a sense of urgency over reducing carbon emissions and embrace carbon trading as a global solution.
“The US economy stands to benefit. The nation will likely have excess emission quotas to sell on the international market and opportunities to generate credits for sale under both the California and Federal legislative proposals and will look to electronic trading as the means to achieve this. Carbon trading will also create new jobs to monitor emissions, trade credits and develop green technology,” says Elliott Piggott, managing director of Trayport, Inc. and sponsor of the New York debate.
Moderator Fred Fishkin, journalist who covers technology who covers technology for CBS Radio.
• Dinesh Babu, CEO, Carbon Ratings Agency
• Véronique Bugnion, Managing Director Analytics & Research, Point Carbon
• Steven Schleimer, Director, Barclays Capital
• Prof. Praveen Kumar, Faculty Fellow, CT Bauer College University of Houston
• Christopher Hunter, Vice President, Carbon Finance (US), Climate Change Capital
• Kiernon Allen, Marketing Director, Bluenext
• Michael Cosgrove, Managing Director/Head of Commodities & Energy Brokerage, North America, GFI Group
• Elliott Piggott, Managing Director, Trayport.
4:00 pm - Trayport senior management is available for interviews;
5.30 pm - Registration;
6:00 pm - Introduction to Panel;
6.15 pm - Debate: How will US companies use and trade their carbon credits? Impact of Waxman-Markey Bill. What lessons we learn from the EU – ETS? How trading carbon emissions influences oil, gas and power trading. Is business the solution to global warming?;
8:30 pm - Drinks & Canapés Reception.