Monday, April 6
University Events Room
Glickman Family Library, 7th floor
Portland USM Campus
(map)
To watch the recording of the presentation please click here:
Supporting Sponsor:
Few aspects of modern life pose a wider array of challenges and opportunities to the business community over the next several decades than climate change. The challenges of coping with the now unavoidable increased risks to business from climate impacts will be complemented by the large number of new market opportunities that will be inevitably be created in the carbon-constrained economy. The centerpiece of the policy debates in mitigating the impacts of climate change, both domestically and internationally, is a system of emissions trading known as cap-and-trade.
In this lecture, Tom Tietenberg, who has been involved in the design, implementation and evaluation of these markets since their inception in the mid-1970’s, will discuss the evolution of this rapidly evolving, market-driven system. Starting with the historical context that sheds light on what has worked and what hasn’t as this system was employed to control pollutants other than greenhouse gases, he will discuss some of the controversies that have arisen in the climate change context and the issues that Congress must grapple with as it seeks the appropriate national policy.
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Recently retired as the Mitchell Family Professor of Economics at Colby College, Tom Tietenberg is the author or editor of eleven books (including Environmental and Natural Resource Economics, one of the most widely used textbooks in the field), as well as over one hundred articles and essays on environmental and natural resource economics. Former President and current Fellow of the Association of Environmental and Natural Resource Economists, he has consulted on environmental policy with a number of international organizations as well as several state and foreign governments.
Tom led the United Nations team that provided the background reports used to design the emissions trading, joint implementation and clean development mechanism components of the Kyoto Protocol on Climate Change. He is currently serving as one of three appointed trustees for the Energy and Carbon Savings Trust, an organization that receives all Maine revenues from the sale of carbon allowances in the Northeast’s Regional Greenhouse Gas Initiative and uses them to promote energy efficiency in the state. He also is a member of the National Academy of Science’s study panel on ‘America’s Climate Choices’.
The colloquium is sponsored by the L.L. Bean/Lee Surace Endowed Chair in Accounting
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USM Professor Jeffrey Gramlich was appointed the first L.L. Bean/Lee Surace Chair in Accounting in the USM School of Business in 2003. His appointment was made possible by a $1 million gift from L.L. Bean, Inc., its board chair, Leon Gorman, his wife Lisa, Jim and Maureen Gorman, and Tom Gorman, who established the chair in memory of L.L. Bean CFO Lee Surace '73, '81, who died in March of 2001. Surace was chair of the USM School of Business' Advisory Council and was a frequent guest lecturer.
The USM School of Business is accredited by the prestigious AACSB International. For students seeking the finest education and companies seeking the highest caliber talent, partnership, and educational opportunities, AACSB International accreditation is one of the most important affirmations of sustained quality in the word. For more information about School of Business programs, call 780-4020.
