Industries Profile

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Date: Friday, August 13, 2010
Topic: "Energy 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 import businesses
  • natural gas processing plants & LNG facilities
  • large-scale coal generation plants

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 findings about

  • Equilibrium price of carbon in a carbon-constrained world & its affect on energy markets
  • Impact on natural gas and LNG markets
  • 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. foreign policy
  • Cap and trade vs. straight carbon tax
  • Winners and losers in a carbon constrained world

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?

Speaker: Kenneth B. Medlock, III
Fellow in Energy Studies, James A. Baker III Institute for Public Policy
Adjunct Assistant Professor, Department of Economics, Rice University
Read Ken's biography here.
Farnsworth 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!
Time: 11:30 am sign-in with the speaker beginning at NOON
Fee: $25 per person - a boxed lunch will be served
Contact: For more information, contact us at
read flyer here
Phone: 713.348.6340 |
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