|
At the COPPM, you trade on the outcomes of the Copenhagen Climate Conference (Conference of Parties, COP15).
No real money is used in trading. Instead, Participants trade with Experimental dollars (E$). The three participants who accumulate the largest final portfolio values (final value of shares plus experimental dollar holdings) on each question will be awarded a prize. On behalf of the winners, Baker & McKenzie will offset, using Gold Standard Certified Emissions Reductions (CERs), personal emissions equivalent to twelve months, four months and two months for the first, second and third prize respectively. Calculations will be based upon the world annual average per capita emissions. Winners will receive a certificate which states the offset amount (tonnes of CO2e cancelled).
Upon enrolment, you will be given an experimental cash position of E$5000 and 50 “market bundles”. You can invest this experimental money in shares which represent the possible outcomes of the Conference. Only the shares that corresponds to the true outcome of the Conference pay out.
The COPPM is run by the Centre for Energy and Environmental Markets (CEEM), with prizes sponsored by Baker & McKenzie
Good luck and have fun!
|
