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arbcombo -- June 7 Market Simulation Group Meeting Posted: 09 May 2012 14:48:56
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 firstname.lastname@example.org no later than May 25, 2012. All submitted comments will be publicly posted on May 30. All interested stakeholders are invited to attend. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: capandtrade, cc, ghg-dis-verifiers, ghg-rep, ghgverifiers, ghg-ver.