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SYMPOSIUM
Can Markets Protect the Climate? Prospects for Greenhouse
Gas Trading in Europe and the US
Webcast now available
>
On November 16, 2004, Duke University will hold a pioneering
symposium to compare the European Union and US greenhouse gas emissions
trading systems. Representatives of differing perspectives and positions
will discuss current and future options for greehouse gas emissions
trading systems in Europe and the US.
Some background:
In January 2005 the EU will launch the world's largest emissions trading
program, covering carbon dioxide emissions from twenty-five European
countries, as part of its implementation of the Kyoto Protocol. On this
side of the Atlantic, the US runs the largest emissions trading system
to date--the sulfur dioxide (SO2) emissions trading program to reduce
acid rain adopted in the 1990 Clean Air Act amendments. Although the
US has not yet ratified the Kyoto Protocol, the leading proposal for
greenhouse gas (GHG) emissions trading in America--the McCain-Lieberman
Climate Stewardship Act--received a surprisingly strong and bipartisan
43 votes in the US Senate in October 2003. Senators McCain and Lieberman
have promised to bring their bill back for new votes, just as Senator
McCain did with the McCain-Feingold campaign finance reform legislation.
Peter Zapfel, an economist in the European Commission's DG Environment
who is a key architect of the EU system, and Tim Profeta, the key staff
architect of the McCain-Lieberman bill, will present and compare their
policy approaches. Joe Goffman, a longtime lawyer at Environmental Defense
who was a key architect of the 1990 SO2 trading system (and then served
in the Senate and at EPA to help implement it, before returning to EDf),
will offer comments about the design and shepherding of new environmental
markets. Goffman is currently writing a book on the SO2 trading experience.
Bruce Braine, a Senior VP at American Electric Power who has helped
lead the nation's largest generator of electricity (and largest emitter
of CO2) in their approach to both SO2 and GHG trading, will comment
on his industry's perspective.
This symposium builds on the work by Duke faculty, such as Jonathan
Wiener's latest book, "Reconstructing Climate Policy" on GHG
emissions
trading, Jim Salzman's article in the Stanford Law Review on markets
for
ecosystem services, and the new energy program developed by Simon Rich
and Lincoln Pratson of the Nicholas School.
See below for links to additional information about the participants
This is the 9th Colloquium on Law and the Environment of the Center
for Environmental Solutions, and a Center on Global Change Seminar
Tuesday, November 16
4:00—6:00pm, Law School, Rm 3043 (directions
>)
Reception to follow: Law School loggia
Speakers:
Peter Zapfel, European Commission, Directorate General – Environment
(abstract & bio > | presentation
>)
Timothy Profeta (JD-MEM '97, Duke Law and Nicholas Schools), Counsel
to Senator Joseph Lieberman (bio
> | presentation >)
Discussants:
Joseph Goffman, formerly at Environmental Defense (bio
>)
Bruce Braine, American Electric Power (bio >
| presentation >)
Moderator:
Jonathan Wiener, Professor of Law and Environmental Policy and Director,
Duke Center for Environmental Solutions (bio
>)
Background material:
- Summary
Description of McCain-Lieberman Bill >
- European
Emissions Trading Scheme—Official Site >
- Joe
Goffman’s testimony on SO2 trading to House Committee on Energy
and Commerce >
- American
Electric Power Position Paper on Climate Change >
- American
Electric Power Assessment of Emissions Policies >
- The Chicago Climate Exchange
>
- Reconstructing
Climate Policy: Beyond Kyoto, by Richard B. Steward and Jonathan
Wiener, American Enterprise Institute Press, 2003. >
- "Practical
Climate Policy" by Richard B. Steward and Jonathan B. Wiener,
in Issues in Science and Technology online. Winter 2003.
>
- “Currencies and the Commodification
of Environmental Law,” by James Salzman and J. B. Ruhl, in Stanford
Law Review, v53.3, 2000: 607ff. >
- New York Times article,
Jan 1, 2005 : New Limits on Pollution Herald Change in Europe>
Sponsors:
Duke Center for Environmental Solutions
Duke Center on Global Change
Nicholas Energy
& Environment Program
©2005 Center on Global Change
Box 90658, Duke University, Durham NC 27708-0658
A150 Levine Science Research Center (LSRC), Research Drive
Tel: 919-681-7180 Fax: 919-681-7176 E-mail: cgc-web@nicholas.duke.edu
Last updated November 29, 2005
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