Draft program subject to change

Tuesday, March 21

9:00 am – 12:00 pm | $150

California Compliance Offset Program Workshop

The Climate Action Reserve invites you to attend a workshop that will provide an introduction to the basics of California’s Compliance Offset Program, including an overview of the various Compliance Offset Protocols and verification of compliance offset projects. This workshop will also focus on updates to and expectations for California’s Compliance Offset Program. This workshop will be useful for consultants, compliance offset buyers, project developers, policymakers, and anyone interested in learning more about California’s compliance offset program.
1:00 pm – 4:00 pm | $150

California Cap-and-Trade 101 Workshop

California’s Cap-and-Trade Program is a critical tool for the state’s climate agenda and facilitates the reduction of greenhouse gases and investment of billions of dollars in emissions reduction projects. It was the first economy-wide carbon market in the U.S. and serves as a model for national and subnational governments as the fourth largest emissions trading program in the world. In this three-hour workshop, join experts from the field as they give an overview of California’s Cap-and-Trade Program, including how it functions under California’s AB 32, SB 32, and AB 398 policies; basic market structure; compliance instruments used; participating entities and their obligations; key program successes, challenges, and major changes made since its launch; future developments of the program; and more. This is an excellent workshop for those new to the Cap-and-Trade Program or who are in need of brushing up their knowledge.
1:00 pm – 5:00 pm

Climate Action Reserve Board of Directors Meeting

1:30 pm – 5:00 pm | $250

Navigating the Energy Transition Workshop

Climate considerations will play a crucial role as companies navigate the energy transition. This legal workshop will cover emerging issues within the energy transition, highlighting key policy and regulatory developments; the Infrastructure Investment and Jobs Act and Inflation Reduction Act; carbon capture, utilization, and storage; voluntary carbon markets, credits and offsets; renewable fuels and California’s Low Carbon Fuel Standard; ESG; climate disclosures; environmental justice; climate change litigation trends, and the intersection of CEQA and climate change.

Wednesday, March 22

7:00 am – 8:00 am

Breakfast Discussions

8:00 am – 8:15 am

Welcome

8:15 am – 8:45 am

Keynote remarks

8:45 am – 9:45 am

Plenary: State of the North American Carbon Market

With strong private sector participation, government implementation and NGO support, carbon markets are poised for explosive growth, which will bring greater quantifiable emissions reductions and investment into climate projects. But the scaling of carbon markets cannot be done at the sacrafice of quality and integrity or they will do more harm than good. This kickoff session for NACW 2023 will examine the current state of North American carbon markets and future growth.
9:45 am – 9:50 am

Special remarks

9:50 am – 10:00 am

Awards

10:00 am – 10:10 am

Keynote remarks

10:10 am – 11:10 am

Plenary: Biggest Challenges Facing Today’s Global Carbon Markets

Global interest in carbon markets has skyrocketed in recent years, raising serious questions about the scalability of the market and the policies needed to ensure success. This session will bring together key experts facing these challenges on a daily basis to discuss where markets are today and where markets are heading in the years to come. Key issues will include financing challenges, policy issues that could impede or accelerate the role of carbon markets, and management challenges they face scaling their operations, as well as other factors keeping them awake at night.
11:10 am – 11:30 am

Networking Break

11:30 am – 12:30 pm

Breakout Sessions

Path 1: Markets and Finance

State and Future of the North American Carbon Market Part 1 – Compliance Markets

Carbon markets in North America remain important tools for reducing emissions, gathering financing to support other climate change options, and reaching climate change goals. Compliance markets also have the responsibility to support federal and subnational climate goals. Part one of a two-part session on North American carbon markets will take a look at WCI, RGGI, Mexico’s ETS and Canada’s GHG Offset Credit System. While WCI will have held its 34th joint auction by the time of NACW, Mexico’s ETS just started its operational phase in 2023 and Canada’s system is also less than a year into operation. Analysts and market players will discuss key near term developments and potential impact for these compliance markets.
Path 2: Policy

Outcomes from Negotiations at COP27 and Expectations for COP28

What happened at COP27 in Egypt? What were the key successes and, just as importantly, what were the key failures? This session will discuss the outcomes from COP27, including the support for a loss and damage fund, the status of discussions around Article 6, the potential role of correspondig adjustments, among other issues, and what to expect at COP28.
Path 3: Implementation

Insetting: What Is It and What Role Can It Play?

There has been much focus in recent years on insetting strategies for companies in the voluntary market. Some advocates have heralded insetting as the key to voluntary corporate action. This session will discuss what is insetting (sometimes called value chain mitigation), if and how it is different than more traditional offsetting, and the role it could play in the carbon market.
Path 4: Innovation and Scaling in Carbon Credits

Sustainable Development Goals: Impact on Credit Quality and Pricing

Buyers are increasingly demanding more information on how carbon credit projects also address other sustainable development goals (SDGs). These SDGs cover a variety of other critical social areas, including protection of indigenous rights, equal economic opportunity, and local environmental impacts, among many others. This session will discuss recent market developments, including how important buyers view these SDG attributes, the impact of credit pricing, and global efforts such as the Integrity Council on the Voluntary Carbon Market to define appropriate criteria for assuring that SDGs are considered.
12:30 pm – 1:30 pm

Lunch and Exhibit Hall

1:30 pm – 2:30 pm

Breakout Sessions

Path 1: Markets and Finance

State and Future of the North American Carbon Market Part 2 – Voluntary Markets

The last few years have seen unprecedented growth and interest in the global voluntary carbon market. Across North America, companies and key market participants are re-assessing their strategies in light of the need to more rapidly respond to the climate crisis. This has brought increased focus on markets everywhere as serious concerns have been raised about the most appropriate strategies to employ. In part two of a two-part session, analysts and market players will discuss the most critical challenges facing the North American voluntary market, including concerns about the supply and quality of carbon credits, the entrance of many new players into the market, the optimal strategies for companies to employ to meet their voluntary commitments, and projected market growth.
Path 2: Policy

Climate Action at the US Federal Level

The private sector, environmental NGOs and others rejoiced in 2022 when action on climate change accelerated at the US federal level. Signed into law in August 2022, the Inflation Reduction Act (IRA) represents the US government’s most aggressive action to address climate change and will support the US goal of reducing GHG emissions 40 percent below 2005 levels. Included in the IRA is the investment of US$369 billion in energy security and climate change programs over the next ten years. Also in 2022, the Commodities and Futures Trading Commission (CFTC) took action to start regulating climate risk disclosure, and both the CFTC and Securities and Exchange Commission (SEC) delved into tokenization of carbon credits. Experts in this session will discuss the impact of the IRA and CFTC and SEC actions.
Path 3: Implementation

Plug and Go: the Rapid Expansion and Development of the EV Market

The EV market has seen rapid expansion and development with more consumers adopting electric vehicles, commercial EVs operating on the roads, the continued development of infrastructure to support EV growth and support from the policy side. EVs are a critical piece of the transition away from fossil fuel transportation. While these developments are positive advancements, roadblocks still exist. Experts in this session will discuss the status of this market and what to expect down the road.
Path 4: Innovation and Scaling in Carbon Credits

Incorporating Climate Science into Carbon Markets and Climate Policy

The first alerts about irreversible climate change were made because of scientific research and studies, and science will be behind the solutions and actions to address the situation. Climate science is a critical necessity in guiding impactful action, setting benchmarks, tracking progress and identifying greenwashing. This session will discuss how climate science is being incorporated into carbon markets and how it is influencing climate policy.
2:30 pm – 3:00 pm

Networking Break

3:00 pm – 4:00 pm

Breakout Sessions

Path 1: Markets and Finance

The Future for California’s Cap-and-Trade Market

The California Air Resources Board recently completed an evaluation of its Scoping Plan for achieving California’s climate goals. Now that this evaluation is done, this session will consider major questions facing the market, including what is in the future for the state’s Cap-and-Trade Program, will California ramp up the role of its Cap-and-Trade Program to meet future goals, and will the program be re-authorized post-2030, among other issues.
Path 2: Policy

State Level Action across Mexico

Seven Mexican states are in the process of developing carbon markets or carbon taxes, and the national ETS is in its first year of the compliance phase. Hear from government officials at the state and federal level on the development of these carbon markets and how they will work together, including the many challenges Mexico is facing to assure a coordinated response across the country.
Path 3: Implementation

Major Carbon Removal Strategies: Savior or Pipe Dream?

Technogical developments to remove carbon from the atmosphere are being made every day. Many experts have concluded that without the deployment at scale of Carbon Capture, Utilization and Storage (CCUS) and Direct Air Capture (DAC) technologies the world cannot avoid catastrophic human-induced climate change. This session will discuss the latest developments in this area, including the technological developments, the challenges to bringing these options to market at scale, and steps that need to be taken if significant carbon removal is to be achieved.
Path 4: Innovation and Scaling in Carbon Credits

North American Forests under Assault

Forests in the western and northern parts of North America are under stress from a wide variety of factors, including drought, pests, disease, fires, and the ongoing ravages of climate change. This session will discuss the many stresses on these critical ecosystems, the role that they play in the climate crisis, the potential options for protecting and enhancing what we have, and the challenges we are facing to assure healthy, viable forests in the coming decades.
4:10 pm – 5:10 pm

Plenary: Updates on North American National Climate Policy

While carbon markets are a key tool North American jurisdictions are using to reaching climate goals, there are many other critical tools being utilized. This session will take the national-level perspective in discussing broader climate policy and action, recent federal policy like the US’s Inflation Reduction Act and approaches to NDCs.
5:10 pm – 6:15 pm

Conference Reception

Thursday, March 23

8:00 am – 9:00 am

Breakfast Discussions

9:00 am – 9:05 am

Welcome

9:05 am – 9:30 am

Keynote remarks

9:30 am – 10:30 am

Plenary: Voluntary Versus Compliance Markets: Working Together or Competing with Each Other?

It will take a combination of compliance and voluntary actions to successfully address the climate crisis. Can these two different markets support each other, or is it a zero sum game? This session will discuss how these markets are evolving and the role that each can play, including the potential for double counting, the role of National Determined Commitments (NDCs) in the climate fight, and how corresponding adjustment should be considered, among other factors.
10:30 am – 11:00 am

Networking Break

11:00 am – 12:00 pm

Breakout Sessions

Path 1: Markets and Finance

Developing Carbon Markets across Latin America

Latin America is a critical region for the global carbon market as one of the largest suppliers of voluntary credits. At the same time, a number of countries are forging ahead with government-backed offset protocols, national ETS, or other carbon pricing schemes. Hear from government officials and market actors across LATAM on the advances of carbon markets across the region.
Path 2: Policy

Updates on North American LCFS Programs

2023 will see more growth and new options in the low carbon fuels market. In this session, experts will discuss the current state and updates to LCFS programs in North America, including the California Low Carbon Fuel Standard, Canada Clean Fuel Standard, Oregon Clean Fuels Program, Washington Clean Fuel Standard and New York Clean Fuel Standard. With producers having more options in 2023, how will these developments shape transportation demand and strategies to bring low/no carbon fuels to market?
Path 3: Implementation

Net Zero and Corporate Action: Long-term Commitments and Goals

Ambitious climate action at the corporate level is key to getting us to a net zero world and achieiving global climate goals. In the first of a two-part session on corporate action, speakers will discuss long-term climate commitments and goals and what their impact could be. They also will address the hot topic of greenwashing and how to ensure bad actors don’t derail the good action of others.
Path 4: Innovation and Scaling in Carbon Credits

The Promise of Emerging Innovative Carbon Credit Project Types

With carbon markets expected to explode in the coming years, there is a renewed focus on new offset project types that could have a significant impact on credit supply and reducing/removing emissions worldwide. This session will examine the more promising possibilities, including nature-based and technological solutions, such as soil carbon, blue carbon, and geoengineering, among others. What is the potential and challenges in scaling these emerging opportunities?
12:00 pm – 1:30 pm

Lunch and Exhibit Hall

1:30 pm – 2:30 pm

Breakout Sessions

Path 1: Markets and Finance

The Critical Role of Financing to Solve the Climate Crisis

The IPCC and others have stated that trillions of dollars will be needed to address the climate crisis. Where is this financing going to come from? What are the respective roles of the public and private sectors? How can the world galvanize the capital needed for climate-beneficial investments? This session will discuss the current status of global finance for the climate crisis, the challenges facing significantly upscaling the amount of finance, and the roles that both public and private participants can/must play to minimize catastrophic climate change.
Path 2: Policy

Subnational Collaboration to Amplify Ambitious Climate Goals

Collaboration among North American state and provincial jurisdictions, as well as companies, has the potential to significantly drive quantifiable emission reductions, enhance cost-effectiveness of actions and drive progress towards climate goals. While the promise is huge, many efforts have been slow to take off (e.g., the Western Climate Initiative). This session will bring together experts to discuss key efforts under development today, new efforts under consideration, and the opportunities and pitfalls these collaborative efforts have encountered.
Path 3: Implementation

Net Zero and Corporate Action: How to Reach the Destination

How are corporations going to reach their ambitious long-term climate commitments and goals? The road to get there is not straightforward. What are the nuts and bolts? Do they need insurance? How do they get internal and stakeholder buy-in? How will they finance climate actions? And what about the looming and highly debated topic of corresponding adjustments? Speakers in this second part of a two-part series on corporate action will tackle these questions and others. `
Path 4: Innovation and Scaling in Carbon Credits

The Intersection between Land Use and Local Communities

Can nature-based carbon projects live up to the promise of providing social benefits to local communities? Do projects with local inclusion earn a price premium? Hear from experts on how project design and evaluation can support the inclusion of locally impacted communities and provide greater social benefits, as well as how that impacts the sale of the credits.
2:30 pm – 3:00 pm

Networking Break

3:00 pm – 4:00 pm

Breakout Sessions

Path 1: Markets and Finance

Digital Trends: What Are They and What Role Can They Play in the Climate Crisis?

Digital solutions for improving the operations of carbon markets seem to be exploding by the day. Blockchain-enabled distributed ledger technologies are being touted to create transparency, security, and accessibility for the voluntary carbon market. Digital solutions are being offered to significantly improve the efficiency of MRV solutions. Options to tokenize credits are gaining traction. In this session experts will discuss the benefits and challenges of the various digital solutions, those options currently receiving the most attention, and where the markets are heading in the years to come.
Path 2: Policy

Establishing Standards for the Global Voluntary Carbon Market

With the voluntary market in the midst of an unprecented expansion worldwide, efforts have increased to ensure that the voluntary carbon market is equipped to play a critical role in global mitigation efforts. This has led to a variety of efforts to support this market, including the Integrity Council on the Voluntary Carbon Market (ICVCM), the Voluntary Carbon Market Initiative (VCMI), and the Carbon Credit Quality Initiative (CCQI), among others. This session will discuss the role each of these efforts are playing, the challenges they are facing to support credible market efforts going forward, and expectations from various marketplayers.
Path 3: Implementation

The Role of Removals in the Climate Crisis

Removals or reductions: is it one or the other or do we need both to meet our global climate goals? There is intense interest in the market to often invest in removals over reductions, but what are the strengths and weaknesses of this emphasis? Hear panelists discuss the pressing questions around how the debate over removals vs. reductions can be optimized to assure more aggressive, constructive action on climate change.
Path 4: Innovation and Scaling in Carbon Credits

How Carbon Offsets Can Help Finance Decarbonization in Hard-to-Abate Areas

Worldwide there are many emission sources that will be difficult to abate, both due to technical challenges as well as location (e.g., emerging economies). Providing financial incentives via carbon offsets could be the key to tackling these more challenging areas. This session will address the types of emission sources and locations most difficult to address, the economic and political challenges involved in successfully targeting these areas, and the steps that need to be taken to ensure success and climate justice.