About
All Duke students are invited to join us for an interactive Emissions Trading System (ETS) simulation led by Duke alumnus Josh Margolis (T'81) using CarbonSim, the Environmental Defense Fund’s carbon market simulation tool. This event will help students learn about the intricacies of carbon markets and 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. Each run of the simulation provides insights and lessons that illustrate the consequences of choices. Through the CarbonSim experience, players gain a working understanding of how they can use an ETS to achieve specific 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 3500 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 cosponsored by the Nicholas Institute for Energy, Environment & Sustainability and the Duke University Office of Climate and Sustainability.
FACILITATOR BIOS:
Josh Margolis (T'81) is an environmental markets practitioner with 35+ years of emissions trading, advisory, and training experience. Over his career, Margolis 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 emissions trading system (ETS) programs. Margolis has worked closely with Colombian, Brazilian, Mexican, Korean, Chinese, Japanese, Canadian, and European ETS stakeholders to deploy and/or adapt CarbonSim to suit their needs.
Jackson Ewing is director of energy and climate policy at the Nicholas Institute for Energy, Environment & Sustainability at Duke University. Ewing’s work seeks to help facilitate energy transitions internationally and in the United States. His current projects focus on international climate finance and just energy transition partnerships, systems-level changes needed to meet net-zero goals in the United States, international carbon pricing and clubs, and US-China climate relations. Ewing has worked in more than 20 countries, and collaborates closely with actors in government, the private sector, civil society, and international organizations. He publishes widely and contributes to radio, television, and print media.
In addition to his role at the Nicholas Institute, he holds appointments as an adjunct associate professor at the Nicholas School of the Environment, a faculty affiliate with the Duke Center for International Development at the Sanford School of Public Policy and the Duke Asian/Pacific Studies Center, and faculty lead for the Duke Kunshan University International Masters of Environmental Policy program.