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Skip Navigation LinksPUC > Energy > Climate Strategy > Misc > Agenda: April 20, 2007 Symposium

Flexible Compliance Mechanisms in a Market-Based Greenhouse Gas Cap System

April 20, 2007
California Public Utilities Commission Auditorium
505 Van Ness Avenue, San Francisco



Agenda and List of Speakers

8:30 a.m. Introductions:
  • Kristin Ralff Douglas , California Public Utilities Commission
  • Richard Cowart, Regulatory Assistance Project
8:45-9:45a.m. Session 1: Trading: Design Criteria for a Successful Trading System

What are the characteristics of a good cap and trade program? What are the design lessons from trading experience? From economic analysis?

  • Jim Bushnell, Research Director, University of California Energy Institute
9:45-10:00 a.m. Break
10:00 a.m. – 11:30a.m. Session 2: Offsets: Standards and Projects

What are the benefits of offsets? What are the challenges? Why did RGGI take a standards approach to offsets? Should there be quantitative limits on the use of offsets? Why or why not?

11:30a.m.-12:30p.m. Lunch
12:30-1:30 p.m. Session 3: Temporal Issues: Compliance Periods, Early Action, Banking, Borrowing 

What benefits does a phased approach offer? Should credits be given for early action? What are the benefits and drawbacks of allowing entities to bank and borrow allowances between compliance periods?

  • Nancy Seidman, Massachusetts Department of Environmental Protection
1:30-2:45 p.m. Session 4: Managing Allowance Price Volatility: Circuit Breakers, Accelerators, Price Ceilings and Floors

What are the options available to manage price volatility? What are the benefits and drawbacks to each of these options? What approaches have other cap and trade systems taken?

  • Derek Murrow, Environment Northeast
  • Richard Cowart, Regulatory Assistance Project
2:45-3:00 p.m. Break
3:00-4:00p.m. Afternoon Roundtable/Wrap-Up
  • Facilitated Discussion by Richard Cowart


Last Modified: 11/4/2007

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