Workshop on managing the costs of climate policy, March 19
Posted by Daniel Hall on March 4, 2008
This event on “cost containment” within climate policy should be superb. It’s here at Resources for the Future on the morning of Wednesday, March 19 (full details at the website). I’ll be there, and hopefully can provide some post-event thoughts.
One of the most controversial issues in the debate over the design of a U.S. greenhouse gas (GHG) trading program is how such a program will address concerns about potential costs and adverse impacts on the economy. A variety of proposals have emerged, including an explicit upper limit on allowances prices (in S.1766, the Low Carbon Economy Act) and an independent board to manage the emissions budget over time, in order to contain costs (in S.2191, the Climate Security Act).
This workshop will feature two expert panels to explore implications, advantages, and disadvantages associated with different approaches to managing costs. The first panel (8:30- 10:30a.m.) will focus on general mechanisms, like a safety valve, a quantity-limited safety valve, borrowing, and others. The second panel (10:45a.m.- 12:30p.m.) will focus on the potential role of an independent board, both to provide oversight and to intervene in the market with discretion, rather than via explicitly legislated rules. Half of the scheduled time will be reserved for questions from the audience.
Please RSVP by March 12 to April Stanley at firstname.lastname@example.org or (202) 328-5074.