Hill Briefing on Carbon Market Design & Oversight in a U.S. Greenhouse Gas (GHG) Cap-and-Trade System
Briefing on Carbon Market Design & Oversight in a U.S. Greenhouse Gas (GHG) Cap-and-Trade System
June 26, 2009
The Pew Center on Global Climate Change and the Nicholas Institute for Environmental Policy Solutions at Duke University held a briefing on the design and oversight of a successful carbon market. The briefing was jointly hosted by the Senate Environment and Public Works Committee, and the Committee on Agriculture, Nutrition and Forestry.
As Congress debates climate change legislation, one of the most critical yet least discussed issues is the development and oversight of a well-functioning carbon commodity market. This briefing framed and discussed many of the central issues in this process, including: overall market design, options for the choice of regulator, the role and importance of the derivatives market, the role of the Over-the-Counter (OTC) market, and the types of rules and enforcement necessary to prevent market manipulation and abuses.
Watch the video of each panelist listed below.
- Janet Peace, Vice-President of Markets & Business Strategy, Pew Center on Global Climate Change (moderator)
Presentation: Windows Media QuickTime - De’Ana Dow, Managing Director, Government Relations, CME Group
Presentation: Windows Media QuickTime Slides (pdf) - Mark Lenczowski, Managing Director and Associate General Counsel, JP Morgan Chase
Presentation: Windows Media QuickTime Slides (pdf) - Betsy Moler, Executive VP of Government and Environmental Affairs and Public Policy, Exelon Corporation, and former FERC Chair
Presentation: Windows Media QuickTime - Jonas Monast, Co-Director, Duke University Climate Change Partnership
Presentation: Windows Media QuickTime Slides (pdf) - Andy Stevenson, Finance Advisor in NRDC's Center for Market Innovation, and a former hedge fund manager and investment banker
Presentation: Windows Media QuickTime Slides (pdf) - Question & Answer: Windows Media QuickTime
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-This series was made possible through a generous grant from the Doris Duke Charitable Foundation, but the opinions expressed herein are solely those of the presenters.-