The Market Simulation Group (MSG) of the University of California
Energy Institute, working with the California Air Resources
Board, will hold a public meeting on Thursday, June 7, 2012 to
gather input from stakeholders that will inform an assessment of
design features of the California's cap-and-trade market for
greenhouse gas (GHG) emissions.
DATE: Thursday, June 7, 2012
TIME: 9:00 am to 12:00 pm and 1:30 pm to 4:00 pm
LOCATION: Banatao Auditorium, Sutardja Dai Hall
University of California, Berkeley
Berkeley, CA 94720
Directions to Sutdarja Dai Hall can be found at:
http://ei.haas.berkeley.edu/pdf/Directions_Sutardja_Dai_Hall.pdf
The Market Simulation Group (MSG) of the University of California
Energy Institute, working with the California Air Resources
Board, will hold a public meeting at the above time and location
to gather input from stakeholders that will inform an assessment
of design features of the California's cap-and-trade market for
greenhouse gas (GHG) emissions.
The MSG is in the process of constructing an emission allowance
market simulation model based on the market structure, current
market rules and other fundamental aspects of the state's GHG
emission market. The model will be used to examine the potential
for market power and other strategic behavior in the GHG
emissions market.
The objective of this meeting is to identify factors that can
potentially detract from the efficient and competitive operation
of the GHG emission market. There are three major topics for
discussion: (1) aspects of the market design that could detract
from market efficiency, (2) incentives market participants may
have to not comply completely with the market rules, and (3) the
effectiveness of mechanisms and process for monitoring market
performance and compliance with the market rules.
This meeting is meant to provide a forum for discussion between
the MSG team and interested stakeholders about these topics.
Stakeholders are asked to submit a brief, (no more than two
pages) written summary of specific scenarios or design elements
that may detract from market efficiency, create incentives for
participants to fail to comply with market rules, or reduce the
effectiveness of the market monitoring process. Written
summaries should be submitted electronically to
marketsimulationgroup@berkeley.edu no later than May 25, 2012.
All submitted comments will be publicly posted on May 30.
All interested stakeholders are invited to attend.
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following lists: capandtrade, cc, ghg-dis-verifiers, ghg-rep,
ghgverifiers, ghg-ver.
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The energy challenge facing California is real. Every Californian
needs to take immediate action to reduce energy consumption. For
a list of simple ways you can reduce demand and cut your energy
costs, visit the Flex Your Power website at www.fypower.org .
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