The Market Simulation Group (MSG) of the University of California
Energy Institute, working with the California Air Resources
Board, will hold a 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
Meeting Agenda
1. Introduction and Overview
a. Introduction to Market Simulation Group and Market
Surveillance Committee process
b. Categorization of market issues
c. Market monitoring
d. Overview of options for simulation modeling
2. Potential issues for analysis
a. Market structure and incentives
b. Holding limits
c. Timing of compliance
d. Strategic compliance behaviors
e. Allowance auctions and secondary markets `
f. Volatility mechanisms (price floor, reserve)
Stakeholders were asked to provide a summary of specific
scenarios or design elements that they thought could detract from
market efficiency, create incentives for participants to fail to
comply with market rules, or reduce the effectiveness of the
market monitoring process. These comments and other information
regarding the Market Simulation Group can be found at:
http://www.arb.ca.gov/cc/capandtrade/simulationgroup/simulationgroup.htm
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subscriber to or have made a public comment to one or more of the
following lists: capandtrade, cc, ghg-rep, 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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