Cap and Trade systems explained in detail: Collaboration by WRI, Pew
The EU has had an emissions trading scheme for some time, the first revision was absurdly overallocated so the price of credits fell through the floor. We will have and wait to see how this develops, one of the major changes going forward is the movement towards a auction based system. The system is also becoming broader. With the US likely to adopt a similar system soon it's important to take a look at what works and what dosent. The New America Foundation, the Pew Centre for Global Climate Change and the World Resources Institute have produced a series of 10 (6 currently available) detailed videos looking at every aspect of effective emissions regulation.
Video:
Webinar 1: Introduction to Cap-and-Trade Programs
Moderator: Sonia Hamel, New America Foundation
Speakers: Judi Greenwald (Pew Center), Franz Litz (World Resources Institute)
Webinar 2: Program Scope and Point of Regulation
Moderator: Franz Litz (World Resources Institute)
Speaker: Judi Greenwald (Pew Center)
Webinar 3: Electricity Sector Options
Moderator: Franz Litz (World Resources Institute)
Speakers: Richard Cowart (Regulatory Assistance Project),
Dallas Burtraw (Resources for the Future)
Webinar 4: Cap-and-Trade Design Issues in Depth, Part I: Lessons from the US/Canadian Acid Rain SO2 and NOx Trading Programs
Moderator: Judi Greenwald (Pew Center)
Speakers: Brian McLean (U.S. EPA),
Denny Ellerman (MIT),
John Hutchison (Ontario)
Webinar 5: Cap-and-Trade Design Issues In-Depth, Part II: Lessons from the European Union Emissions Trading Scheme and the Northeast Regional Greenhouse Gas Initiative (RGGI)
Moderator: Franz Litz (World Resources Institute)
Speakers: Peter Zapfel (The European Commission), Chris Sherry (New Jersey Department of Environmental Protection & RGGI*)
Webinar 6: Design Elements in current Federal Cap-and-Trade Proposals
Moderator: Judi Greenwald (Pew Center)
Speakers: David McIntosh (Senator Lieberman’s Office), Lorie Schmidt, Counsel, Energy and Commerce Committee, US House of Representatives
>Still to come
Webinar 7: Distributing AllowancesModerator: Franz Litz (World Resources Institute)
Speakers: Christopher Nelson (Connecticut Department of Environmental Protection*), Jill Duggan (United Kingdom, DEFRA), Kelley Kizzier (Ireland, EPA)
Webinar 8: Offsets
Moderator: Judi Greenwald (Pew Center)
Speakers: Mike Burnett (The Climate Trust), Chris Sherry (New Jersey DEP)
Webinar 9: Linking Cap-and-Trade Programs
Moderator: Sonia Hamel (New America Foundation)
Speakers: Jonathan Pershing (World Resources Institute), Damien Meadows (European Commission*)
Webinar 10: Emissions Trading Market Fundamentals
Moderator: Franz Litz (World Resources Institute)
Speakers: Olivia Hartridge (Morgan Stanley*), Gia Schneider (Credit Suisse*)
Labels: cap and trade, climate policy, europe, USA
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