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Special Session on CO2 Cost Containment Mechanisms
Location and date(s) of workshop:	IEA, Paris: 22-23 September 2008
Organiser(s):	IEA / IETA / EPRI
Contact(s):
Background:	This IEA-IETA-EPRI special side event on CO2 cost containment will examine key issues surrounding the design and implementation of potential measures to control the expected future cost and volatility of greenhouse gas (GHG) emission allowances and offsets as part of the implementation of existing and potential GHG emissions cap and trade programs. Potential mechanisms to be discussed include CO2 price caps and floors, inter-temporal banking and borrowing of emissions allowances, central-bank style regulation and other policies. Discussants will explore the economic rationale for these policy approaches and their consequences for the evolution of the carbon market and climate mitigation.
Links to relevant documents:	Agenda
Proceedings:	Session 1 – Policy Perspective Chair: Henry Derwent (IETA) Presenters: Adam Diamant (EPRI) Cédric Philibert (IEA) Panelists: Peter Zapfel (DG Environment, European Commission) Terry Dinan (Congressional Budget Office) Maurits Blanson Henkemans (Ministry of Economic Affairs, Netherlands) Session 2 – Market Perspective Chair: Adam Diamant (EPRI) Presenters: Fabien Roques (CERA) Garth Edward (Citigroup) Panelists: Guy Turner (New Carbon Finance) Claude Nahon (EDF) Bruce Braine (American Electric Power) Russel Mills (Dow Chemical) Conclusions Rick Bradley, Head Energy Efficiency and Environment Division, LTO (IEA) Tom Wilson, Senior Program Manager, Electric Power Research Institute (EPRI) Henry Derwent, Chief Executive Officer, International Emissions Trading Association (IETA)
© International Energy Agency 2008