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A Workshop Agenda October 2-3, 2008 Embassy Suites Hotel, Capital Room A 900 10th St NW, Washington, D.C. Workshop objective: Identify decisionmaking needs, capabilities, and opportunities for advancing the capacity for economic analysis of climate policies, including guiding future investments in the U.S. federal R&D portfolio. OCTOBER 2, 2009 8:30 am Welcoming Remarks and Goals of the Workshop Richard Newell, Gendell Associate Professor of Energy and Environmental Economics, Duke University Robert Marlay, Deputy Director, Office of Climate Change Policy and Technology, U.S. Department of Energy Session I: Policymakers’ Informational Needs (Richard Newell) 9:00 am Panelists from Government and the Policy Community This panel will identify the range of specific informational needs and questions regarding the design, impacts, and outcomes of climate change policies and related energy policies that are being asked, or are likely to be asked in the future, by policymakers. Bob Shackleton, Congressional Budget Office Howard Gruenspecht, Energy Information Administration Francisco de la Chesnaye, Electric Power Research Institute Nat Keohane, Environmental Defense Fund Tim Profeta, Duke University 10:10 am Broader Group Reactions, Questions, and Discussion Session II: Modeling and Other Analytic Approaches (Marilyn Brown) 11:00 am This panel will present many of the existing modeling and other analytic approaches currently being used to meet the type of informational needs explored in Session I. Rather 33

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than focusing on specific modeling results, panelists will present the capabilities and high-level structure of specific types of models/analytic approaches, advantages/disadvantages relative to other approaches, how decisionmakers are using these tools, whether/how the approaches incorporate uncertainty, and other related issues. John Conti, Energy Information Administration Dick Goettle, Northeastern University Leon Clarke, Pacific Northwest National Laboratory Questions from Audience Martin Ross, RTI International John Reilly, Massachusetts Institute of Technology Jean-Marc Burniaux, Organisation for Economic Co-operation and Development Questions from Audience Tom Kram, Netherlands Environmental Assessment Agency Dallas Burtraw, Resources for the Future Peter Evans, GE Energy Questions from Audience 2:10 pm Broader Group Reactions, Questions, and Discussion Session III: Economics of GHG Mitigation and Climate Change (Richard Newell) 3:00 pm Economic Modeling and Policy for Global Warming William Nordhaus, Sterling Professor of Economics, Yale University 3:30 pm Panel Discussion: Critical Assumptions, Advantages, and Limitations This panel will explore the state of the economics of climate change, and the role of economic analyses in climate policy decisionmaking. Panelists will discuss key modeling assumptions, advantages, and limitations, potential impacts to the U.S. and world economies, approaches for estimating benefits and costs of mitigation, and the intertemporal and distributional equity issues associated with climate change and mitigation. John Weyant, Stanford University Joel Smith, Stratus Consulting Inc. Richard Bradley, International Energy Agency Dimitri Zenghelis, London School of Economics William Cline, Peterson Institute for International Economics 4:30 pm Broader group reactions, questions, and discussion 5:30 pm Closing Comments and Charge for Day Two 34

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OCTOBER 3, 2008 8:30 am Summary of Day One Session IV: Enhancing Analytical Capabilities to Inform Policy (John Weyant) 8:40 am This panel will take stock of the current suite of modeling/analytical approaches for responding to policymaking informational needs. Panelists will explore how existing models and analytic approaches could be enhanced, specific areas that might deserve more focus (e.g., uncertainty, technology policy, risk, international analyses, interactions with other policy goals), new approaches worthy of further development, and opportunities for government agencies and other institutions to enhance their policy- analytic capabilities. Brian Murray, Duke University Ray Kopp, Resources for the Future Ed Rubin, Carnegie Mellon University Bryan Hubbell, U.S. Environmental Protection Agency Skip Laitner, American Council for an Energy Efficient Economy Nebojsa Nakicenovic, International Institute for Applied Systems Analysis David Montgomery, CRA International 10:20 am Broader Group Reactions, Questions, and Discussion 12:00 pm Summary and Wrap-up 35