February 15, 2005

International Global Climate Markets and Transactions: Key Developments and Issues for US Companies

Co-Sponsored by the Environmental Law Institute
and Latham & Watkins

Program

I. European Union Emissions Trading System: Key Developments

Overview

Peter Vis, Acting Head of Unit C-4, Industrial Emissions, Environment Directorate-General, European Commission, provided an overview of the EU Emissions Trading System, offering conference participants an inside look at the development and ongoing implementation of this key aspect of the EU’s GHG management program.

Panel Discussion

Practical insights provided by industry players in the new European carbon regime, including different approaches taken by member countries, early experiences with the CDM process, and insights regarding developments to watch.

Moderator:
David J. Hayes, Global Chair of Environment, Land & Resources Practice, Latham & Watkins and former U.S. Deputy Secretary of the Interior

Speakers:
Dr. Georg Rosenbauer, Strategic Marketing, Siemens Power Group, Siemens AG
Fred Dinning, Corporate Environment Director, Scottish Power Group
Dr. William Kyte, Head of Corporate Environment Unit, E.ON-UK

The videocast for this panel was transmitted from Brussels.

II. International Carbon Credit Transactions: Key Issues

Panel discussion regarding the generation, use and trading of carbon credits, including clean development mechanism (CDM) and joint implementation (JI) projects.

Moderator:
Bob Wyman, Latham & Watkins, member of EPA Clean Air Act Advisory Committee and primary architect of South Coast Regional Clean Air Incentives Market (RECLAIM)

Speakers:
Claudia O’Brien, Latham & Watkins, former EPA official
John Sachs, Latham & Watkins, Project Finance Group
Marc Stuart, Director, EcoSecurities

The videocast for this panel was transmitted from New York.

III. Should US Companies Participate in International Carbon Credit Markets/Transactions?

Panel discussion exploring the practical implications for U.S. companies of the emerging international carbon credit market.

Moderator:
Leslie Carothers, President, Environmental Law Institute

Speakers:
Andrew Aulisi, World Resources Institute
Richard Sandor, Chairman and CEO, Chicago Climate Exchange
Bob Sussman, Latham & Watkins, former EPA Deputy Administrator

The videocast for this panel was transmitted from Washington, DC.

Sponsors

The Environmental Law Institute is an independent, non-partisan education and policy research center serving leading environmental professionals in government, business, public interest organizations and academia worldwide.

Latham & Watkins is a global law firm, with attorneys working collaboratively across legal disciplines and geographic boundaries, practicing in the European Union, the United States and Asia, and regularly representing companies that do business in Latin America and Africa. Latham and Watkins has one of the most respected environmental, energy and resources practices in the United States, and was at the forefront in designing several US market-based programs, including the South Coast Regional Clean Air Incentives Market (RECLAIM).