« In order to fight Climate Change more effectively, we have to turn it into a business ». From initial objectives to recent negotiations, the regulatory and business environment of climate change mitigation efforts have largely evolved. Europe has long been the leader in promoting Climate Change negotiations and quotas systems. Lately carbon taxes have been implemented, and some emerging countries are playing an increasing role in this new business environment. What is the economic rationale behind international negotiations? Where do we stand today ? What are the risks and opportunities associated with a low-carbon economy? How can your business benefit from this game-changing environment?

The objective of this seminar is to provide a clear understanding of the issues and rationale of the carbon economy and help professionals anticipate how to take part in low-carbon energy markets.

Upon completion of the seminar, participants will be able to:

• Understand the key economic concepts underlying the “climate” economy
  
• Assess policies and instruments that are being developed to stimulate and drive the development of low-carbon technologies and markets
  
• Assess the impacts and business opportunities related to this new economic environment
  
• Understand the impact of carbon pricing on the investment decision making process

Day 1  Economics & institutional foundations
Session 1.1 - Climate risks and the rationale for public intervention
Session 1.2 - Treaties and institutions
Session 1.3 - Technology outlook: costs & feasibility
Session 1.4 - Energy and emissions outlooks & scenarios

Day 2  Policies & instruments
Session 2.1 - Economic instruments: the policymaker's toolbox
Session 2.2 - The EU ETS
Session 2.3 - Energy demand and energy efficiency
Session 2.4 - Marginal Abatement Cost curves

Day 3 Business & climate change
Session 3.1 - What impact on industries and companies? Managing the carbon risks and opportunities
Session 3.2 - Carbon and energy prices
Session 3.3 - Carbon trading and hedging strategies
Session 3.4 - Investment decision in a context of "carbon" uncertainty