The Energy Forum of the James A. Baker III Institute for Public Policy is hosting the third in a series of workshops examining the consequences of potential greenhouse gas emissions regulations for the U.S. energy market. We are considering the influence of a wide range of scenarios, including the adoption of a national carbon management initiative as well as regulations and subsidies to support alternative energy sources. The modeling work is the foundation of research toward the release of a major energy study, entitled "Energy Market Consequences of an Emerging U.S. Carbon Management Policy", in early 2010.
Utilizing its world gas trade model, the Baker Institute will present at this August seminar new research findings on how different carbon management schemes will influence natural gas demand, supply and pricing in the United States, as well as overall trends in the North American energy market. We will also present further work on the relationship between R & D public spending trends and technology innovation breakthroughs.
The purpose of the workshop is to present these preliminary modeling results and some new ideas for adding economic modeling elements for peer review and discussion. Topics to be discussed will include: Scenarios for analyzing the effect of various carbon policies on natural gas demand; Scenarios for considering the impact of various technological changes, including those that affect the costs for investments in alternative energy, the wide-spread adoption of carbon sequestration techniques, and the potential role of efficiency; Role of U.S. R & D spending.
The study was made possible through the generous support of ConocoPhillips Foundation and the Baker Institute Energy Forum.
Event Agenda and Presentations
Welcoming Remarks and Introduction
Kenneth B. Medlock III, Ph.D., James A. Baker, III, and Susan G. Baker Fellow in Energy Economics, Baker Institute
"Preliminary Comments on Wind Generation in ERCOT"
Peter Hartley, Ph.D., Baker Institute Rice Scholar, George and Cynthia Mitchell Professor of Economics, Rice University
"R&D, Energy and Growth - A Progress Report"
Ted Temzelides, Ph.D., Professor, Department of Economics, Rice University
"Climate Policy Repercussion for Natural Gas Markets"
Kenneth B. Medlock III, Ph.D., James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics, Baker Institute