"A Different Architecture for Climate Change Policy"
Chancellor's Professor in the Department of Agricultural & Resource Economics and the Goldman School of Public Policy, UC Berkeley.
June 8, 2007
Smith Center 338 (Vanport Room)
Portland State University
Reception to follow
Co-sponsored by the Center for Sustainable Processes and Practices, Portland State University, The Climate Leadership Initiative, Institute for a Sustainable Environment, University of Oregon, Willamette University, Economics Department, Reed College, Lewis and Clark College, and the Pamplin School of Business Administration and the Environmental Studies Program, University of Portland.
Abstract: There is a growing recognition of the need to take prompt action to reduce greenhouse gas emissions in the United States, and of the potential role for market-based incentives for accomplishing this. However, it is not widely understood that GHG have different physical and economic features from SO2 and NOx, that were the focus of successful cap-and-trade programs under the 1990 Clean Air Act Amendments. Therefore a different and broader strategy will be required to achieve the needed reduction in GHGs. Regulation and the promotion of new technology will need to play a larger role than emission trading alone. But, with the right focus on technology development and the promotion of conservation, there could be a net economic gain from a serious commitment to reduce GHG emissions.
Bio: Michael Hanemann has conducted extensive research in recent years on the economic value of reliability in water supply, and the economic impact of potential climate change scenarios on US agriculture and on agricultural and urban water use in California. This work was cited in the Stern Review on the Economics of Climate Change, published by the UK Government. He is currently Director of the California Climate Change Center at UC Berkeley, and he serves as a member of the California Department of Water Resources Climate Change Technical Advisory Group, as well as the Planning Committee for the Workshop on Potential Impacts of Climate Change on Human Health being organized by the National Research Council's Roundtable on Environmental Health Sciences, Research and Medicine. He also serves on the advisory boards of national climate change research centers in Austria and Spain.