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Issues, Options and Implementation

March 19, 2008

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).

Video and Audio

Audio Version (mp3) Part 1, Part 2




Phil Sharp, President, Resources for the Future

Panel 1: Issues and Options for Managing Costs

Introduction and moderation:
Billy Pizer, Senior Fellow, Resources for the Future
Link to slides

Brian Murray, Director for Economic Analysis, Nicholas Institute for Environmental Policy Solutions at Duke University Link to slides
Dallas Burtraw, Senior Fellow, Resources for the Future Link to slides
Charles Rossman, Senior Research Economist, Southern Company Link to slides
Nat Keohane, Director of Economic Policy and Analysis, Environmental Defense Fund Link to slides
Panel 1 Question and Answer Session
Panel 2: The Potential Role of an Independent Board
Introduction and moderation: Tim Profeta, Director, Nicholas Institute for Environmental Policy Solutions at Duke University
Kyle Danish, Member, Van Ness Feldman
Gilbert Metcalf, Professor of Economics, Tufts University Link to slides
Brian McLean, Director of the Office of Atmospheric Programs, Environmental Protection Agency
Larry Meyer, Vice Chairman and Director, Macroeconomic Advisers
Panel 2 Question and Answer Session

Closing Remarks

Phil Sharp, President, Resources for the Future


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