1:00 - 1:15 Introduction and Welcome

Peter Victor, CGCP Board member, Dean, Faculty of Environmental Studies, York University: Why an Examination of the Use of Economic Instruments to Reduce GHG Emissions in North America is Relevant and Timely

1:15 - 1:45 Plenary Session

Robert Stavins, JFK School of Government, Harvard University: Key Design Issues Related to the Possible Use of Economic Instruments to Reduce Greenhouse Gas Emissions in North America

1:45 - 3:15 Plenary Session

A series of presentations on recent initiatives or studies that address the key design issues associated with the use of economic instruments to reduce GHG emissions.

- Erik Haites, Consultant to the Commission for Environmental Cooperation and Head, Technical Support Unit, IPCC WGIII: Emissions Trading Within NAFTA

- John Palmisano, Enron: Emissions Trading Within Industry

- Stephen Bill, European Commission: European Commission's Experience in Designing Environmental Taxation for Energy Products

3:15 - 3:30 Break

3:30 - 5:30 Plenary Session (continued)

- Jane Legget Emil, US Environmental Protection Agency, Climate Policy & Program Division: Design Principles and Options for an International Greenhouse Gas Emissions Trading Regime

- Aldyen Donnelly, Greenhouse Gas Emissions Management Consortium: Greenhouse Gas Offsets: An Initial Step Toward the Development of Economic Instruments

- Robert Hornung, Pembina Institute: Emissions Trading & Emissions Charges: Designing an Instrument to Get the Best of Both Worlds

- Carlos Zamudio, Consultores en Decisiones Gubernamentales, Mexico: Using Economic Instrument in Non-Annex 1 Countries: The Case of Mexico

-Dan Lashof, Natural Resources Defense Council: Expanding Emission Trading Beyond Annex I - The Shared Savings Ratchet

5:30 - 5:45 Instruction to Small Groups for Day Two of the Workshop

6:45 - 8:30 Dinner

8:00 - 9:00 Session 1: Introduction of participants & identification of positions and concerns.

This session will, in many ways, lay the groundwork for the following sessions by allowing participants to share their interests or concerns with regard to the use of economic instruments for reducing GHG emissions. Each participant will be allowed a maximum of five minutes to introduce him/herself and present their perspective on the issue.

9:05 - 10:50 Session 2 - Part 1: Greenhouse Gas Emissions Trading

Participants will be presented with a list of some of the key issues to be considered when choosing between the use of different trading systems and will be given a short time to propose adjustments in the definition of these issues as well as make any additions or deletions to the list.

10:50 - 11:05 Break

11:05 - 12:00 Session 2 - Part 2: Carbon Charges and "Hybrid" Instruments

As in the previous session, participants will be presented with a list of some of the key issues to be considered when designing carbon charges and will be given a short time to propose adjustments in the definition of these issues as well as make any additions or deletions to the list.

12:00 - 1:00 Lunch

1:00 - 2:00 Plenary 1: Economic Instruments in the North American Context.

The Chair of each small group will report back the key conclusions reached by their group for both session 1 (trading) and session 2 (taxation and hybrid).

2:00 - 3:30 Session 3: Moving the Agenda Forward

What are the next steps? Building on discussions that took place in the morning and specifically on the results of the first plenary session, participants will discuss whether or not additional steps should be taken to promote the use of economic instruments. If the answer is yes, participants will discuss what needs to happen next. Is more academic research required? Are pilot programs required to provide a practical test of theoretical concepts? Is there a need to increase public understanding of such instruments? What are the major political, economic and social barriers and obstacles to the application of economic instruments to reduce GHG emissions in North America?

3:30 - 3:45 Break

3:45 - 4:45 Plenary 2: Wrap-Up and Next Steps

Chairs will report back on the conclusions of the small group sessions. Plenary discussions will focus on distilling areas of consensus from the various small group presentations and identifying the key conclusions participants would like to see reflected in the workshop report with regard to next steps. If enough agreement can be found, actual tasks and time lines with respect to next steps could be developed and interested participants could be identified to arrange for them to be carried out.

4:45 - 5:00 Closing Remarks