Climate Policy 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.

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.


Watch the video of each panelist below:

Janet PeaceJanet Peace
Vice-President of Markets & Business Strategy, Pew Center on Global Climate Change (moderator) 
Presentation: Windows Media    
De’Ana DowDe’Ana Dow
Managing Director, Government Relations, CME Group
Presentation: Windows Media    Slides (pdf)
Mark LenczowskiMark Lenczowski
Managing Director and Associate General Counsel, JP Morgan Chase
Presentation: Windows Media    Slides (pdf)
Betsy Moler

Betsy Moler
Executive VP of Government and Environmental Affairs and Public Policy, Exelon Corporation, and former FERC Chair

Presentation: Windows Media   
Jonas MonastJonas Monast
Co-Director, Duke University Climate Change Partnership
Presentation: Windows Media     Slides (pdf)
Andy Stevenson

Andy Stevenson
Finance Advisor in NRDC's Center for Market Innovation, and a former hedge fund manager and investment banker

Presentation: Windows Media     Slides (pdf)
Question and AnswerQuestion & Answer Session
Presentation: Windows Media    


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