Nicholas Institute for Environmental Policy Solutions

Carbon Simulation

Date and Time
Thursday, September 19, 2019 - 4:30 p.m. to 7:30 p.m.
Location
Berntsen Classroom, Fuqua 100 Fuqua Drive Durham, NC 27708
Carbon Simulation

About

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Join the Duke Energy Initiative on Sept. 19 for Carbon trading game night, an interactive Emissions Trading System (ETS) simulation by the Environmental Defense Fund (EDF). Using the EDF CarbonSim tool, this session will help students gain valuable ETS experience in a risk-free, entertaining, and fast-paced learning environment.

The simulation highlights choices, provides a framework for decisions, and serves as a platform for experiments in emissions trading scenarios. Through the simulation, participants will learn how they can use an ETS to achieve environmental and economic outcomes, develop a carbon portfolio management strategy, minimize liabilities and capitalize on opportunities. They will also come to understand that choices made by both policymakers and industries are shaped by the design and administration of the ETS.

CarbonSim is a multi-user, artificial intelligence-enhanced, state of the art simulation tool. It can be played in four different languages and a half dozen currencies. It can be used to both train stakeholders and run “what if” ETS design scenarios. CarbonSim has been tested and improved with the help of more than 1800 players from China, Cambodia, Vietnam, Myanmar, Cambodia, the Philippines, Indonesia, Singapore, Laos, Thailand, Bangladesh, Korea, Mexico, the EU, and the United States.

This event is co-sponsored by the Nicholas Institute for Environmental Policy SolutionsEnergy Initiative; and the Center for Energy, Development, and the Global Environment (EDGE) at the Fuqua School of Business.

Agenda

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4:30 p.m. – 5:00 p.m.: Introduction to CarbonSim
5:00 p.m. – 7:00 p.m.: ETS Simulation Exercise
7:00 p.m. – 7:30 p.m.: Discussion on ETS Simulation Exercise Results

Speakers

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Facilitators:

Josh Margolis (T '81) is EDF’s Managing Director of Environmental Markets in the Climate program. Over the course of his 35+ year career Josh has provided policy analysis, market assessments, emissions brokerage services, environmental credit regulation evaluation/development, and simulation services to stakeholders that administer, advise on, or are subject to cap and trade programs. He has provided capacity building assistance to stakeholders involved in the launch of China’s original seven pilots and the national carbon market. Josh also leads EDF’s efforts to develop and deploy CarbonSim, an experiential learning carbon market simulation tool that demonstrates that outcomes are a function of market design. He has worked closely with Mexican, Chilean, Korean, Thai, Japanese, Chinese, and Canadian stakeholders to adapt CarbonSim to suit their needs, delivered simulations at universities in the US and Mexico, collaborated with the International Energy Agency to deliver a simulation for China’s major power producers, and executed a flare consents simulation for a North Sea oil producer. Josh is a co-inventor of a patent that provides for the neutralization/offsetting of equities.

Jackson Ewing holds a joint appointment as a senior fellow at Duke University's Nicholas Institute of Environmental Policy Solutions and an adjunct associate professor at the Sanford School of Public Policy. He works closely with the Duke Kunshan University Environmental Research Center and International Masters of Environmental Policy programs to build policy research collaboration across Duke platforms in the United States and China. Prior to joining Duke, Ewing was director of Asian Sustainability at the Asia Society Policy Institute in New York, where he led projects on Asian carbon market cooperation and sustainable resource development in the ASEAN Economic Community. He previously served as a MacArthur Fellow and head of the Environment, Climate Change and Food Security Program at Singapore’s S. Rajaratnam School of International Studies, and has worked throughout Asia with actors in government, the private sector, civil society, and international organizations. Ewing publishes widely through a range of mediums and is a regular contributor to radio, television and print media. He holds a doctorate in environmental security and master's degree in international relations from Australia’s Bond University, and a bachelor’s degree in political science from the College of Charleston. 

Dr. Daniel Vermeer is an Associate Professor at the Fuqua School of Business, and also directs Duke University's Center for Energy, Development, and the Global Environment (EDGE), an initiative focused on accelerating the global transition toward a more sustainable energy system, economy, and society. EDGE helps to develop the thought leadership, educational programming, and external partnerships needed to create and scale promising energy and sustainability solutions. At Duke, Vermeer teaches graduate classes in the business of energy and environment, conducts research, and consults with leading companies and organizations.  His areas of expertise include water management, sustainable agriculture, value chains, resource productivity, efficiency, product certification, and low-carbon development.   Vermeer joined Duke from The Coca-Cola Company, where he led the company’s Global Water Sustainability Initiative.  Dr. Vermeer plays a leading public role in advocating for business sustainability through speaking, research, and institution-building.  He is the founder of the Global Water Challenge, co-author of the CEO Water Mandate, and lead contributor to policy documents issued through the World Economic Forum, World Business Council for Sustainable Development, and the United Nations Foundation.