Point Carbon Partners with Columbia Business School to Launch Carbon Finance Strategies

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Program to Educate Executives on Business of Cap and Trade

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New York City’s most valuable asset is the smart and talented people who live and work here.

Point Carbon and Columbia Business School Executive Education have partnered to launch "Carbon Finance Strategies,” an executive education program tailored for senior and C-level executives leading their companies in the carbon constrained economy of tomorrow. The program will take place December 1- 3 on Columbia University’s campus with the assistance of Point Carbon, a world-leading provider of market analysis for the energy and environmental markets. The program is the first of its kind for Point Carbon in the United States, and it is the first carbon finance education program to occur in New York for high-level business professionals.

The program will include a variety of workshops that present opportunities for executives to explore the impact and business opportunities cap-and-trade legislation creates. “Carbon has the potential to become the largest commodities market in both the US and the world, and the regulatory framework to curtail carbon emissions will affect most sectors of the economy.” Managing Director for Trading Analytics and Research at Point Carbon, Véronique Bugnion said. “Business leaders taking this course will have a strategic advantage in tomorrow’s economy.”

Global carbon market’s total value for 2008 was estimated at €92billion ($125 billion), more than double the €40 billion ($59 billion) it was worth in 2007. Though the value of carbon trades has declined in 2009 due to the global recession, Point Carbon has predicted the volume of trades in 2009 to be 20% greater compared to 2008.

This is the first year for the Regional Greenhouse Gas Initiative (RGGI), a program comprised of 10 Northeastern and Mid-Atlantic states that is the United States’ only cap-and-trade system, and it is projected to be worth nearly $1 billion by the end of 2009. With considerable support from President Obama and Congressional leaders for a federal cap-and-trade system, many American cities are working to prepare their business class to capture a strategic position in the growing carbon markets.

"New York City’s most valuable asset is the smart and talented people who live and work here,” said New York City Economic Development Corporation President Seth Pinsky. “We are pleased that Point Carbon has partnered with the Columbia Business School to support and educate today's business leaders on the carbon constrained economy of tomorrow. This initiative will help the City’s talented financial professionals excel in carbon markets and ensure a vibrant and diverse economy for the future."

The curriculum for the course was designed by esteemed Columbia Business School Professor Geoffrey Heal, Paul Garrett Professor of Public Policy and Business Responsibility and Bernstein Faculty Leader, Sanford C. Bernstein & Co. Center for Leadership and Ethics in consultation with Point Carbon’s Managing Director of Trading Analytics and Research Véronique Bugnion.

Professor Geoffrey Heal commented, “The Carbon Finance Strategies course moves beyond an introduction to carbon finance principles and gives executives an opportunity to create a sustainable and profitable plan for their business operations in a carbon-limited world. We are excited at the opportunity to launch a program that gives businesses the ability to adapt to this changing environment before the legislation is implemented.”

To learn more about Carbon Finance Strategies, visit http://www4.gsb.columbia.edu/execed/programs/detail/731089/CFS.

About Point Carbon
Point Carbon is a world-leading provider of independent news and market analysis for European and global power, gas and carbon markets. Point Carbon’s comprehensive services provide professionals with market-moving information through monitoring fundamental information, key market players, and business and policy developments.

About Columbia Business School Executive Education
Columbia Business School's renowned Executive Education creates a bridge between theory and practice by offering programs that deliver a rich, global perspective to organizations drawn from the public, private and nonprofit sectors. Columbia’s nondegree open-enrollment programs address individual development needs in leadership and strategy, marketing, and finance, providing executives with an understanding of powerful new academic approaches and their application to achieve results. Columbia Business School partners with custom clients on designing and executing organizational initiatives that enable a critical number of top-level executives to meet their organization’s strategic goals. For more information, please visit http://www4.gsb.columbia.edu/execed.

North America                            
Adam Williams
Marketing Coordinator North America                
P: +1 202 460 9734                        
E: aw (at) pointcarbon (dot) com

Europe
Candida Jones
PR Manager
P: +44 (0) 777 5754 763
E: cjo (at) pointcarbon (dot) com

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