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Friday, August 13, 2010
Market Consequences of an Emerging U.S. Carbon Management Policy
'Carbon Solutions' Study"
Emerging U.S. carbon
management legislation has focused squarely on the energy industry
with bills targeting regulation of
- petroleum refineries and oil
- natural gas processing plants &
- large-scale coal generation
Professor Ken Medlock will present
highlights and key findings of The Baker Institute’s research
examining the U.S. energy market consequences of potential
greenhouse gas emissions regulations. Scenarios examined include the
adoption of a national carbon management initiative as well as a
continuation of the current trend towards a piecemeal, sub-national,
state by state, policy.
The Baker Institute research has
focused on determining how greenhouse gas emissions regulations in
the U.S. will, if enacted, impact energy markets, including trends
for demand, pricing and supply.
Professor Medlock will summarize his colleagues’ and his key
- Equilibrium price of carbon in a
carbon-constrained world & its affect on energy markets
- Impact on natural gas and LNG
- Impact on electric power cost
and availability (coal vs. gas)
- The effects of future carbon
abatement policies in the US and internationally
- The so-called "carbon leakage"
phenomenon (migration of energy-intensive businesses from the
U.S.) and the consequent challenges for U.S. trade policy
- The effect of different costs of
carbon avoidance technologies on U.S. energy market prices,
supply and demand
- The geopolitics of emerging U.S.
carbon management policies and impacts on diversification of
U.S. natural gas import supplies, U.S. trade policy, and U.S.
- Cap and trade vs. straight
- Winners and losers in a carbon
What it all means to us average
Americans (what will it cost us and will we be mildly unconvinced or
will our life-styles be profoundly altered) by this intervention in
the energy marketplace?
Kenneth B. Medlock, III
Fellow in Energy Studies, James A. Baker III Institute for Public
Adjunct Assistant Professor, Department of Economics, Rice
Read Ken's biography here.
Pavilion - Rice Ley Student Center
Detailed campus maps are available on the web at
. Use the Find A Building web search feature on the left of
the page to locate the Ley Student Center on the map. The Central
Campus Garage is the closest parking facility. It is located to
the left of the Ley Student Center across the street.
Rice University is a popular meeting location. In the remote
possibly the underground parking is full, the second closest parking
is the West Lot. Continue down the Laboratory Loop Road to
the stop sign. Cross the street and the gate will be on the left. Be
sure to bring an umbrella if the weather seems inclement.
The campus also offers a bus shuttle that runs about every 15
minutes as it loops the campus. Look for the bus stop signs to use
or enjoy a short brisk walk!
sign-in with the speaker beginning at NOON
$25 per person - a boxed lunch will be served
For more information,
contact us at email@example.com
read flyer here