Thursday, November 7, 2002
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9:00-9:15 |
Welcome
and Introductions
Introductions
Review and Adopt Agenda
Review purpose of meeting:
- Educate stakeholders on current
uses of and barriers to Renewable Energy Credits (RECs)
- Educate stakeholders on current
uses of credit trading in pollution markets
- Examine linkages and overlap
between air quality and energy markets
- Explore technical barriers and
opportunities to translate RECs into Emission Reduction Credits
- Identify issues where
collaboration would be useful to facilitate REC trading
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Section I: Overview of Renewable Energy Credits in Energy Markets |
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9:15-10:45 |
RECs 101 -
Basic
Overview of Renewable Energy Credits
Ed Holt, Ed A. Holt and Associates, Inc.
- What are Renewable Energy Credits
(RECs)?
- How do they work?
- Where are RECs traded
currently?
- RECs activities in the U.S.
and abroad
- What are the benefits and barriers
associated with RECs?
Questions and Discussion |
|
How RECs Are Used in Energy Markets
Gabe Petlin, Center for Resource Solutions
Eric Blank, Community Energy
Ben Feldman, NatSource
Tom Rawls, Green Mountain Energy
- What types of REC products and
transactions currently exist?
- What issues must be addressed to
create a viable market?
- How are RECs being used in energy
markets?
- Unique products offered in the
market
- Challenges to the market
- Regulatory issues
Questions and Discussion |
| 10:45-11:00 |
Break |
| 11:00-12:30 |
Verification and Tracking Initiatives: How is the Market Organizing
Itself?
Jeff Burks, Utah Energy Office
Leah Gibbons, PJM GATS Workgroup
Jan Hamrin, Center for Resource Solutions
Ashley Houston, APX
- Established Systems for
Verification and Tracking
- ERCOT (Texas)
- ISONE/NYISO
- Proposed Systems
- PJM
- Western Governors' Association
Tracking System
- Voluntary REC Standards; National
Coordination of REC Trading
- AAIB/Europe
- Independent Certification
Programs
Questions and Discussion;
conclusions from morning session |
|
12:30-1:30 |
Lunch |
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Section II: Overview of Emissions Trading to Address Air Pollution |
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1:30-2:15 |
A Basic
Overview of Emission Reduction Credits (ERCs)
Van Jamison, NREL
- What is the ambient air quality
regulatory framework?
- Monitoring ambient air quality
- Attainment versus
non-attainment status
- What happens when jurisdictions
fail to meet ambient air quality standards?
- What opportunities exist for
renewable energy to address air quality violations?
- How are ERCs created within the
Ambient Air Quality framework?
- What are the benefits and barriers
associated with ERCs?
Questions and Discussion |
| 2:15-3:00 |
Examples
of Regulatory Trading Systems and Their Characteristics
Serpil Guran, New Jersey Department of Air Quality
- Cap-and-Trade Systems - NOx Budget
Systems, State of New Jersey
Questions and Discussion |
| 3:00-3:30 |
Break |
|
3:30-4:00 |
Linkages
Between RECs and ERCs and Unique Challenges
David Wooley, Young & Sommer LLC |
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4:00-4:45 |
Other
Examples of Trading Systems
Rick Morgan, EPA
- Opportunities outside existing
emission reduction programs
- Models and tools for wind to
better operate in a credit trading system
- Discussion of the emerging link
between air policy and energy markets
- Potential Impact of Clear Skies
Program and other proposals
Questions and Discussion |
| 4:45-5:00 |
Overview
of Day Two |
|
5:00 |
Adjourn |
| 5:30-7:30 |
Reception
of Meeting Participants |
Friday, November 8, 2002
|
| Section
III: How
Can Wind Participate in Emissions Trading Markets |
|
8:30-8:45 |
Welcome
and Recap of Day One |
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8:45-9:45 |
Examples
of Voluntary Trading Systems and Their Characteristics
Michael Ashford, The Climate Trust
Dan Chartier, Emissions Marketing Association
- The Climate Trust
- Other Private Trading Activities
Questions and Discussion |
|
9:45-10:45 |
Unique
Challenges for Wind in Emission Markets
- What are the unique characteristics
of wind?
- What are the challenges to wind
participation in emission markets?
- How can these challenges to wind
participation be addressed?
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10:45-11:00 |
Break |
|
11:00-11:45 |
Ideas for
Collaboration
- Of the issues identified above to
bring wind into the emission markets, what information is needed and
what other activities need to occur to address these issues?
- Is there an interest in various
parties collaborating on these issues?
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11:45-12:00 |
Next Steps |
|
12:00 |
Adjourn |
