Climate Policy Design: Options & Opportunities

Every choice has consequences. What do you have at stake?

This fast course in climate policy design series is for professionals, policy analysts, and public interest advocates whose work is affected by federal climate policy design and how it relates to both international and state level negotiations.

Targets, Timetables, and Technology

· Science: Frames for Policy

· Political Convergence around U.S. Climate Policy

· Negotiating Climate Risks and Concepts of “Danger”

· Targets and Time Tables

· Energy and Emissions Scenario Analysis

· Scale, Speed, and Stranded Assets

Politics of a Durable Deal: Justice as Realism

· Sufficiency, Security, and Sustainability

· Concepts of Justice

· Sharing Burdens and Benefits

· Political Mobilization Bias

· Addressing Inequity in Climate Policy Design

Carbon Price Policies: Design Questions for Both Tax and Trade

· Rules Make the Market

· Navigational Instruments on a Path to Stabilization

· Who Pays? How Much? To Whom?

Cap and Trade: Devils in the Details

· Cap-and-Trade 101 – and 201!

· Auction

· Cost Containment

· Price Control

· Managing Accumulated Bank

· Market Oversight

MEMO: Updating Price Buffers - a price control design for a cap-and-trade policy

Committing a Carbon Trust: The Trillion Dollar Bargain

· Political Context: Concepts of Justice

· Proposals for Spending Auction Revenues

· Show-stopping Reasons Not to Spend Auction Revenues

· Compelling Claims – and Non-compelling Claims

· Bargaining on Terms of a Cap-and-Trade Policy

Complementary Policies: California’s Advantage

· Market Failures – and Business Opportunities

· Three Reasons Complementary Policies are Essential

· Maximum Effort Requires Using Every Capacity

· Complementary Policies We Can Use Today

· California’s Strategy

Overview of Cap-and-Trade Design Elements

Presentation to Environmental Entrepreneurs

Introduction to Cap-and-Trade: An Illustration of Managed Scarcity Using Musical Chairs

Holmes Hummel is a Lecturer and Policy Specialist at the UC-Berkeley Energy Resources Group, and previously served as a Congressional Science Fellow focused on energy and climate policy development. Over the last ten years, Dr. Hummel has tackled energy sufficiency, security, and sustainability problems from the vantage point of Silicon Valley companies, development banks, and international energy analysts. Recognized as a “visionary, action-oriented emerging leader” by the Environmental Leadership Program, Dr. Hummel holds a PhD from Stanford, exploring energy technology and policy implications of paths to climate stabilization.