An overview of existing ISDA templates for environmental trading including weather, emissions etc. but also gas, power, coal, oil.

ISDA has published the 2022 ISDA Verified Carbon Credit Transactions Definitions. The VCC Definitions are in the form of a standard definitional booklet for physically settled secondary market Verified Carbon Credit (VCC) transactions and are accompanied by template confirmations for VCC spot, forward and option transactions.

Moderator: Graham Bryant, Associate General Counsel, ISDA
Hannah Pilkington, Managing Associate, Linklaters LLP
Deepak Sitlani, Partner, Linklaters LLP

A project to develop ISDA templates for financial power purchase agreements (FPPAs) has been initiated. A draft template confirmation has been prepared for discussion with ISDA members. The session will describe the current status of the draft and its various features.

Moderator: Graham Bryant, Associate General Counsel, ISDA
Dickson C. Chin, Partner, Jones Day
Qian Hu, Partner, Jones Day
Aaron Seong, Associate, Jones Day

This panel will explore how use of digital assets including distributed ledger technology and tokenization can support greater efficiency and transparency in energy markets. It will also examine the legal and regulatory issues associated with the use of digital assets.

Moderator: Sophia Le Vesconte, Counsel, Linklaters LLP
Richard Baker, Founder & Chief Executive Officer, Tokenovate
Dickson C. Chin, Partner, Jones Day
Netanya Clixby, Senior Managing Associate, Sidley Austin LLP

A market is developing for sustainability-linked derivatives, which link cashflows on a conventional derivative like an interest rate swap to the meeting of specified ESG objectives, using a set of key performance indicators to measure compliance. While the market is still in its infancy and is highly bespoke, there is demand for standardized terms and clauses in specific areas to support the development of this product. In response, ISDA published the ISDA Sustainability-Linked Derivatives Clause Library. This session will dive into the various standardized clauses and terms available in the clause library, discuss how they can be incorporated into other ISDA documentation, and provide an outlook for the future of this bespoke market.

Moderator: Nicolette Cone, Chief of Staff and Associate General Counsel, ISDA
Manfredo Reichart, Assistant General Counsel and Director, Bank of America
Deepak Sitlani, Partner, Linklaters LLP