Workshop 3: Allowance Allocations

September 30, 2005

Robert LaCount, CERA, facilitated open discussions following Richard Morgenstern's and Dan Chartier's presentations. The following major topic areas were discussed

Distributional Effects of a Greenhouse Gas Market

Relationship Between GHG and Electricity Markets

European Union's Emissions Trading Scheme

Political Considerations

Safety Valve

Temporal Considerations

Potential Incentives for Investments

Options for Allocations

Manufacturing Sector

Relationship Between GHG and Voluntary Renewable Markets

Process for Determining Allocations

Non-CO2 Gases

Mitigation Investments

National Commission on Energy Policy