ClearBlue Markets
What Mark Carney’s Victory Means for Canadian Carbon Markets
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What do we cover in this webinar?
Given a likely Liberal minority, the next four years will see a degree of certainty on carbon pricing.
Following up on our pre-election coverage, in this webinar, we dissect the outcome and provide crucial insights for stakeholders navigating this evolving landscape. Our experts break down the key policy changes, analyze their potential effects on market dynamics, and offer strategic guidance.
Don't miss this opportunity to stay ahead of the curve and understand the future of carbon markets in Canada.
Industrial Carbon Pricing: The future of the federal backstop and Output-Based Pricing System (OBPS) and how the current situation could affect your operations. Provincial Carbon Programs: Update on how TIER in Alberta and EPS in Ontario will interact with federal policies in the current political environment. Fuel Charge Status: Understand the latest on the federal fuel charge in context. Carbon Border Adjustment Mechanisms (CBAM): Discuss the role of CBAMs in Canada's climate strategy and how international pressures, like Europe's CBAM, will influence domestic policies. Paris Agreement Commitments: Understand how the election outcome affects Canada's ability to meet its Paris Agreement targets and what alternative approaches might be pursued. Market Supply-Demand Dynamics: Address issues such as oversupply in certain carbon markets and potential solutions, including adjustments to performance standards and stringency factors.
Strategic Insights: Gain actionable insights and strategic guidance to navigate the post-election carbon market landscape.
Learn how ClearBlue Markets can help you to anticipate and adapt to upcoming policy changes.
Register now to secure your spot!
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Chief Executive Officer Michael Berends is a highly respected leader in the global carbon markets. With a decades-long career spanning North America and Europe, he has held senior positions in top energy and financial organizations, including Barclays Capital, Vattenfall Energy Trading, and ICL, in trading, origination, procurement, and sales.
Michael has successfully executed numerous global carbon product deals and devised pricing and risk management strategies for emitters in compliance and voluntary markets across more than 50 countries.
Under Michael's leadership, ClearBlue Markets has experienced remarkable growth, expanding sixfold, earning its place as a trusted partner for hundreds of corporations worldwide and launching the Vantage carbon intelligence platform. In 2023, ClearBlue Markets secured an investment of $8 million in financing led by the Royal Bank of Canada.
Michael holds a Master's degree in Conservation Biology from the University of Toronto and a Master's in Environmental Management from the University of Amsterdam.
Jennifer has two decades of experience guiding clients through the complex environmental markets landscape, emphasizing policy analysis and forecasting pricing for environmental commodities. Jennifer also frequently presents at conferences and has been quoted in the Wall Street Journal, among other publications.
Prior to joining ClearBlue, Jennifer was the Lead Analyst for Low-Carbon Markets at S&P Global Platts, responsible for collaborating across commodity teams to develop and communicate market outlooks. Jennifer also helped build the newly founded environmental practice as Director of Emissions and Clean Energy for PIRA Energy Group, which was acquired by S&P Global in 2016. Jennifer holds a Master’s degree in Economics from Cornell University and a Bachelor's degree in Mathematics from Drew University.
Tyson Dyck is a partner in Torys LLP’s Toronto office and leads the firm’s Climate Change practice. He has decades of experience in the carbon markets, having worked on some of the country's earliest carbon offset deals and emissions reduction funds. He now advises clients with responsibility for over 100,000 kilotonnes of GHG emissions as they transition to a low-carbon economy.
He is regularly retained to advise on the development of carbon trading and compliance strategies, on agreements for the purchase and sale of carbon credits and renewable energy certificates (in both compliance and voluntary markets), and on long-term offtakes for carbon removal and avoidance projects. He has negotiated transactions in every major North American compliance market, and under every major voluntary standard.
Tyson has also advised on many of North America’s most high-profile energy projects, including on the development, permitting and financing of more than 50 wind, solar, gas, hydro and energy storage projects, together representing over 7,000 MW in installed capacity. He also advises on major carbon management projects, including innovative carbon dioxide removal projects and some of the world’s largest carbon capture and sequestration projects.
Chelsea Erhardt is an Environmental Products Trader at Traxys North America LLC with over a decade of experience in Canada’s carbon and clean fuel markets.
She brings a practical, front-line perspective on how policy and regulation shape real-world trading, with a focus on market design and how programs evolve over time.