8-9 July 2015 | Toronto, Ontario

Summit Overview: On 7-9 July at the Royal York Hotel Toronto, Ontario’s Ministry of the Environment and Climate Change organized a high-level Climate Change Summit of the Americas. The Summit brought together high-level government, corporate and non-governmental delegates from PanAmerican jurisdictions to “work towards commitments to reducing greenhouse gas emissions and highlight opportunities for investing in a global low carbon economy”.

Summit Objectives & Participation: The main goals of the Summit included: showcasing climate leadership across sub-national jurisdiction; building on momentum across the Americas to establish existing carbon pricing networks; and developing/delivering a common government statement to reduce GHGs on the Road to COP21 in Paris. The Summit was also expected to be used as the next international platform to showcase the Under 2 MOU initiative, while announcing new sub-national government signatories to commit to the MOU’s 2050 reduction goals. The Climate Summit of the Americas was by invitation-only. Ontario’s Ministry and Premiers office was responsible for all Summit invites and the program’s development. High-level government participants included California Governor Brown, Felipe Calderon, Al Gore, and the majority of Ministers and/or Premiers across all Canadian Provinces/Territories.

IETA Member Events & Participation: Given the Summit’s climate & carbon pricing theme and high-level delegations, IETA’s hosted/co-hosted a series of timely side-events on the Summit margins.


  • Date: Wednesday July 8
  • Location: Ontario Investment & Trade Centre (OITC)
  • Description: Ontario’s announced cap-and-trade system will generate substantial revenues. In California, carbon revenue from the quarterly sale of allowances could reach north of $3.0 billion in FY2015-2016. In Quebec, the province expects to reach this carbon revenue amount on a cumulative basis by 2020. All three jurisdictions are committed to directing carbon revenue into opportunities that support greenhouse gas reductions and help consumers/communities transition to carbon constraints. Other North American carbon pricing programs and revenue recycling mechanisms – such as Alberta’s Climate Change Management Corporation (CCEMC) and state-level funds linked to Regional Greenhouse Gas Initiative (RGGI) – are being used to leverage and direct private investment into low-carbon opportunities. On 8 July, IETA and Sustainable Prosperity assembed a panel of international, multi-sector experts to discuss considerations & opportunities linked to carbon pricing and financing decarbonisation.
  • Speakers:
    • Dirk Forrister, President & CEO, IETA (Moderator)
    • Derek Walker, Vice-President, Environmental Defense Fund, California
    • Kirk Andries, Managing Director, Climate Change and Emissions Management Corporation, Alberta
    • Nicole Singh, Executive Director, Regional Greenhouse Gas Initiative (RGGI) Inc, New York
    • Mittal Monani, Environmental Commodities Trader, Capital Power Corporation
    • Jean-Philippe Brisson, Partner, Latham & Watkins LLP, New York


  • Date: Wednesday July 8
  • Location: Ontario Investment & Trade Centre (OITC)
  • Description: The session, co-hosted by IETA and the Environmental Defense Fund (EDF), provided key Ontario stakeholders with realworld experience designing, implementing and overseeing cap-and-trade compliance offsets program. Experts across regulated industries, project developers, trade organizations and environmental groups from the U.S. and Canada both provided an overview of important aspects to consider in offset program design and implement, and were available for an interactive dialogue with symposium delegates. Significant time was reserved for land-use (agriculture & forestry) offset program & protocol design considerations and lessons learned from California, Quebec, Alberta, British Columbia and beyond. 
  • Topics included:  General role/merit of offsets; preserving environmental integrity while driving socio-economic/innovation benefits from noncovered sectors; perspectives from project developers, assurance providers, compliance entities, standards/registries etc. project type/protocol analyses & opportunities for Ontario consideration deep-dives into forestry and land-use offset considerations; approaches to aggregation, MRV, managing leakage etc..
Full Agenda



  • Date: Thursday July 9
  • Location: Ontario Investment & Trade Centre (OITC)
  • Description: An industry-to-industry information-exchange. Aim was to deliver the maximum value to key Ontario industry stakeholders at the current stage of the province's cap-and-trade design process. Industry/markets experts and practitioners with experience operating/investing in capand-trade programs - particularly QC-CA, but also other programs such as Alberta - shared insights, shared best practices and insights. A select group of Canadian provincial and federal officials joined the discussion as observers. The event was moderated by IETA.
  • Topics included: competitiveness issues and carbon leakage options in a carbon pricing environment; MRV best practices; carbon asset management corporate case studies; carbon trading strategies and developing in-house capacity; and internal corporate organisation on carbon pricing.

Full Agenda





Thank you to our sponsors for making the swanky speakeasy event a hit!


Contact Us

Office: +41 22 737 05 00
Fax: + 41 22 737 05 08

© Copyright 1999-2015, IETA. All rights reserved.