Event Scheduled for May 2, 2013
Event: ECE Distinguished Colloquia - California Cap & Trade Program for Greenhouse Gas Emissions - presented by Dr. Gary Stern, Regulatory Policy, Southern California Edison,
Location: Information Technology Engineering (ITE) Building, room 336
Time: 01:30 pm
Details of Event:
California Cap & Trade Program for Greenhouse Gas Emissions
presented by Gary Stern
Regulatory Policy, Southern California Edison
ITEB 336, 1:30 to 2:30 pm
Thursday May 2, 2013
Abstract. In 2006, the California Legislature passed the Global Warming Solutions Act which requires the State to reduce its greenhouse gas (GHG) emissions to 1990 levels by 2020. As part of the plan to achieve this goal, the California Air Resource Board (CARB) has implemented a cap & trade program for GHG emissions. This presentation will describe how the cap & trade program works, describe the results from the first allowance auctions that took place in November 2012 and February 2013. Another element of the cap & trade program is that CARB has allocated free allowances to the electric utilities, but the California Public Utilities Commission has determined how the utilities can use these allocated allowances on behalf of their customers. Finally, we will discuss how the cap & trade program impacts electricity markets in California and in the West.
Bio Sketch. Gary Stern is the Director of Regulatory Policy for Southern California Edison Company (SCE). Reporting to the Senior Vice President of Regulatory Policy & Affairs, he manages a division responsible for the development of policy in matters relating to the California Public Utilities Commission, California Energy Commission, California Independent System Operator, and the Federal Energy Regulatory Commission. His organization is also responsible for case management associated with proceedings with all of these entities. Previously, Gary directed SCEís resource planning, market design and analysis, and strategic project groups. Gary Stern holds a Ph.D. in Economics from the University of California at San Diego. He has an M.A. in Economics, and a B.A. in mathematics also from UC San Diego.
Sponsored By: Electrical and Computer Engineering
Pamphlet/Flyer: No Pamphlet/Flyer Available