Pollutant X: Negotiating a Regulatory Response
Market-based instruments—cap-and-trade and taxes—to regulate environmental harms are all the rage. California has a carbon cap-and-trade regime; British Columbia has a carbon tax. Waste disposal taxes are now relatively common, as are tradeable fishing quotas.
But how do these instruments work, and how can we improve them? This year, as an Energy@Stanford & SLAC participant, you will negotiate a market-based instrument to regulate Pollutant X, a fictional pollutant found to cause throat and lung cancer. Representing environment and business interests, you must come to an agreement on four issues critical to policy success. In the process, you will develop both negotiation chops and an understanding of these important regulatory tools.
After receiving instruction on negotiation strategy, you will put your new skills to the test in a negotiation simulation. But these tools are constantly evolving and (hopefully) improving! To close the week, teams will brainstorm and develop innovative policy solutions. You will leave the program on the cutting edge of these market-based tools.