We write to invite you to an international conference on “Regional Carbon Policies” that PESD is hosting at Stanford University on Thursday, December 5th. With efforts to expand international carbon markets beyond Europe’s trading scheme seemingly stalled, various countries and subnational jurisdictions have taken unilateral action on climate policy. Switzerland, the Canadian provinces of Québec and British Columbia, California, the member states of the Regional Greenhouse Gas Initiative (RGGI) in the northeastern United States, and New Zealand have all moved forward on carbon markets or taxes. Asian countries including Japan, India, South Korea, and China are also in the process of implementing carbon policies.
Linking regional efforts to create a single larger carbon market has the potential to increase the impact and reduce the cost of climate mitigation. With this in mind, our conference brings together academics, government policymakers, and market participants to share the best available academic and practical knowledge about how to make regional carbon policies work. We specifically seek to: 1) identify common implementation challenges facing regional climate policies around the world, 2) formulate a “best practice” market design that can serve as a starting point for a country or region contemplating a GHG emissions allowance market, and 3) identify the policy pathways most likely to foster rapid and successful integration of regional carbon efforts. An additional goal of the meeting is to identify key market rules and integration protocols that can be tested as part of a new research project at Stanford that uses structured “games” to simulate cap and trade markets.
We hope you will join us for this unique event.
Click here for the conference agenda and to register
Frank A. Wolak Mark C. Thurber
Director, PESD Associate Director, PESD