Cap and Trade
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PESD researcher Gang He is invited to the Asia Society and Center for American Progress's roundtable Carbon Capture and Storage (CCS): Creating a Framework for U.S.-China Cooperation on Climate and Energy to discuss core policy, financing, and technological and intellectual property rights questions that need to be addressed between China and the U.S. over a commercial-scale, demonstration CCS plant in China.

This joint initiative by Asia Society and the Center for American Progress aims to bring together key stakeholders for a lively discussion with the objective of producing a document that lays the framework for both countries to cooperate on the joint research, development and deployment of one or more pilot CCS facilities in China.

Center for American Progress
1225 Eye Street NW 3rd Floor
Washington D.C., 20001

616 Serra St.
E420 Encina Hall
Stanford, CA 94305

(650) 725-4249 (650) 724-1717
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Research Associate
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Gang He's work focuses on China's energy and climate change policy, carbon capture and sequestration, domestic coal and power sectors and their key role in both the global coal market and in international climate policy framework.  He also studies other issues related to energy economics and modeling, global climate change and the development of lower-carbon energy sources. 

Prior to joining PESD, he was with the World Resources Institute as a Cynthia Helms Fellow.  He has also worked for the Global Roundtable on Climate Change of the Earth Institute at Columbia University. With his experiences both in US and China, he has been actively involved in the US-China collaboration on energy and climate change. 

Mr. He received an M.A. from Columbia University on Climate and Society, B.S. from Peking University on Geography, and he is currently doing a PhD in the Energy and Resources Group at UC Berkeley.

Gang He Speaker
Workshops
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PESD researcher Gang He will be guest lecturing in Stanford University's China Energy System course on China's coal and power conflict and its broad impacts on Chinese energy and climate policy.  He will discuss the most important feature in China's energy market - coal and power conflict, explain why there is a conflict and how it come into being, and analyze the broad impacts of the conflict on deploying CCS at scale and applying CDM in the Chinese power market.  Gang will also highlight some possible solutions to the coal and power conflict in China's energy market.

China Energy System(CEE 276F) is a directed readings course that studies the energy resources and policies in use and under development in the world's most populous nation.  As a country undergoing rapid and sustained economic growth, China's decisions as to how to meet its energy requirements will affect global energy markets and impact the global environment.  This course focuses on the areas of major impact that are forecast and will present a comparative analysis of China's energy management strategies.

Y2E2 111

616 Serra St.
E420 Encina Hall
Stanford, CA 94305

(650) 725-4249 (650) 724-1717
0
Research Associate
Gang.jpg

Gang He's work focuses on China's energy and climate change policy, carbon capture and sequestration, domestic coal and power sectors and their key role in both the global coal market and in international climate policy framework.  He also studies other issues related to energy economics and modeling, global climate change and the development of lower-carbon energy sources. 

Prior to joining PESD, he was with the World Resources Institute as a Cynthia Helms Fellow.  He has also worked for the Global Roundtable on Climate Change of the Earth Institute at Columbia University. With his experiences both in US and China, he has been actively involved in the US-China collaboration on energy and climate change. 

Mr. He received an M.A. from Columbia University on Climate and Society, B.S. from Peking University on Geography, and he is currently doing a PhD in the Energy and Resources Group at UC Berkeley.

Gang He Speaker
Lectures
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On Tuesday, September 7, 2010, the Program on Energy and Sustainable Development in collaboration with the Stanford University's Graduate School of Business and Stanford Law School hosted a special conference on Climate Policy Instruments in the Real World.

This conference featured presentations by leading researchers on the political, economic, and regulatory challenges associated with major climate policy instruments.  The goal of this conference was to transfer the state-of-the-art in policy-relevant academic research on key aspects of climate policy design and analysis to the business, regulatory and policymaking communities.  Each presentation was followed by comments from two discussants that develop the practical implications of the research results presented for decision-makers in industry and government.

Topics our experts explored included: setting a price for carbon, engaging the developing world in climate change mitigation, the role of renewable energy sources in climate change mitigation, mechanisms for reducing greenhouse gases from the transportation sector, managing intermittency in the electricity sector, and mechanisms for adapting to climate change.  

We would like to thank everybody for their participation on September 7, 2010.

For more conference information, please visit:

http://www.certain.com/system/profile/web/index.cfm?PKwebID=0x1992925e31&varPage=home

 


Thank you to all our sponsors:

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Bechtel Conference Center

Robert Stavins Speaker Kennedy School of Government
Richard K. Morse Speaker
Severin Borenstein Speaker Haas School of Business, UC Berkeley
Christopher Knittel Speaker Department of Economics, UC Davis

Stanford University
Economics Department
579 Jane Stanford Way
Stanford, CA 94305-6072

(650) 724-1712 (650) 724-1717
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Senior Fellow at the Freeman Spogli Institute for International Studies
Holbrook Working Professor of Commodity Price Studies in Economics
Senior Fellow, by courtesy, at the Stanford Institute for Economic Policy Research
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MS, PhD

Frank A. Wolak is a Professor in the Department of Economics at Stanford University. His fields of specialization are Industrial Organization and Econometric Theory. His recent work studies methods for introducing competition into infrastructure industries -- telecommunications, electricity, water delivery and postal delivery services -- and on assessing the impacts of these competition policies on consumer and producer welfare. He is the Chairman of the Market Surveillance Committee of the California Independent System Operator for electricity supply industry in California. He is a visiting scholar at University of California Energy Institute and a Research Associate of the National Bureau of Economic Research (NBER).

Professor Wolak received his Ph.D. and M.S. from Harvard University and his B.A. from Rice University.

Director of the Program on Energy and Sustainable Development
Frank Wolak Speaker
Matt Kahn Speaker Institute of the Environment and Department of Economics, UCLA
Conferences
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PESD research associate Richard K. Morse will be presenting "The Real Drivers of CCS in China and Implications for Climate Policy" at the Coal Utilization Research Council's Fall 2009 General Membership Meeting.  Richard's presentation will reflect the research and publication of PESD's Working Paper #88.

Richard's CCS technology collaborative briefing is from 2:15PM to 2:30PM at the L'Enfant Plaza Hotel

8:30AM to 12:30PM
Capitol Visitors Center
(Below the East Plaza of the Capital Building)
Room SVC 209

1:00PM to 3:30PM
L'Enfant Plaza Hotel
Washington, D.C. 20024

Richard K. Morse Panelist
Conferences
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Coal is both the world's fastest growing fossil fuel and a leading contributor to greenhouse gas emissions. While in the West coal use is under pressure, much of the developing world is predicating economic growth on cheap, reliable electricity from coal. As a result, the next few decades are likely to witness a massive build out of coal capacity.

Morse will explore where coal markets are growing, examine what economic and political variables have the greatest impact on coal use and the global coal trade, and discuss possible leverage points for CO2 mitigation. One mitigation option is a technology called carbon capture and storage, or CCS. Should we place big bets on this expensive and largely unproven option? Morse will discuss whether the current state of CCS deployment for coal-fired power falls short of mitigation levels required by many widely publicized targets and proceed to analyze the potential for commercial deployment of CCS technology at scale.

SLAC National Accelerator Laboratory
Panofsky Auditorium
Building 43

Richard Morse Speaker
Seminars
Paragraphs

 

 

In electricity, "downstream" CO2 regulation requires retail suppliers to buy energy from a mix of sources so that their weighted emissions satisfy a standard. It has been argued that such "loadbased" regulation would solve emissions leakage, cost consumers less, and provide more incentive for energy efficiency than traditional source-based cap-and-trade programs. Because pure load-based trading complicates spot power markets, variants (GEAC and CO2RC) that separate emissions attributes from energy have been proposed. When all energy producers and consumers come under such a system, these load-based programs are equivalent to source-based trading in which emissions allowances are allocated by various rules, and have no necessary cost advantage. The GEAC and CO2RC systems are equivalent to giving allowances free to generators, and requiring consumers either to subsidize generation or buy back excess allowances, respectively. As avoided energy costs under source-based and pure load-based trading are equal, the latter provides no additional incentive for energy efficiency. The speculative benefits of load-based systems are unjustified in light of their additional administrative complexity and cost, the threat that they pose to the competitiveness and efficiency of electricity spot markets, and the complications that would arise when transition to a federal cap-and-trade system occurs.

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Energy Institute at HAAS
Authors
Benjamin F. Hobbs
James Bushnell
Frank Wolak
Frank Wolak
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Policy Briefs
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BusinessForum China
Authors
Richard K. Morse
Gang He
Gang He
Varun Rai
Varun Rai
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News
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PESD researchers Richard K. Morse and Gang He are in Copenhagen attending international climate negotiations at the UN's COP 15.  Key issues in PESD's research platform are prominently featured in the event: carbon capture and storage, reform of the clean development mechanism (CDM), Chinese energy markets, carbon markets,  the future of coal and gas and global emissions, the smart grid, and a host of other topics central to the future of the global energy system.  Richard and Gang are testing their latest research with some of the world's key decision markers on energy and climate and sharing Stanford and PESD insights in this global forum.

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