June 2 – 3, 2010

Helzel Board Room
2220 Piedmont Avenue
Haas School of Business
Berkeley, CA

Course Description:

Energy market operations and environmental regulation have increasingly become intertwined. An understanding of one is crucial for a complete understanding of the other. Drawing heavily on the tools of economics, this course will cover the fundamental concepts behind various approaches to environmental regulation and their impacts on energy markets. The consequences of various regulatory strategies will be examined in the context of the continuing changes in the organization and regulation of energy markets.

Course Syllabus

Day One- Wednesday, June 2

Session 1: Energy Externalities
Session 2: Alternative Energy and Fuel Diversity
Session 3: Regulating the Environment: Taxes vs. Emissions Limits
Session 4: The Economics of Cap-and-Trade Mechanisms

Day Two- Thursday, June 3

Session 5: Cap-and-Trade: Implementation Issues and Case Studies
Session 6: Energy Efficiency Standards and Incentives
Session 7: Integrating Renewable Energy Into the Grid
Session 8: Energy and Climate Change


Severin Borenstein, Co-Director of Energy Institute at Haas and E.T. Grether Professor of Business Administration and Public Policy at the Haas School of Business, U.C. Berkeley.

James Bushnell, Associate Professor, Department of Economics, Cargill Chair in Energy Economics at Iowa State University, and Director of Biobased Energy Center.

Duncan Callaway, Assistant Professor, Energy and Resource Group, U.C. Berkeley.

Cost for two-day course:

Government Employee rate
$625 (early registration on or before May 24, 2010)
$675 (registration on or after May 25, 2010)

Private-Sector Employee rate
$1,625 (early registration on or before May 24, 2010)
$1,675 (registration on or after May 25, 2010)

Lunch will be provided on both days. If requested, parking permits will be provided.