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Environmental Markets -- The Master Class


March 3, 2016


Washington, DC (and via webinar)

An ELI Master Class

Almost every major US environmental statute has a market associated with part of the program and with growing momentum behind climate change mitigation, markets promise to play an increasingly important role in environmental policy. But what are environmental markets? How do they work, and what are the challenges to their implementation?

ELI and Perkins Coie LLP presented a day-long course covering water quality trading, mitigation banking, Natural Resource Damages, emissions trading, and more. Expert panelists explored how markets are created and function, looking at well-established programs under the Clean Water Act and Clean Air Act as well as emerging markets associated with climate change and ecosystem services. Additional sessions focused on compliance, ethics, and the overarching theories and policy behind markets. Panelists provided in-depth examples of working markets and discuss areas with potential for more market-based approaches, and answered audience questions.

Please scroll to bottom of page for resource materials.


8:00 am Registration (coffee, tea, and baked goods served)
8:30 am

Introduction & Key Elements of Markets and Trading

Tom Lindley, Chair, Environment, Energy & Resources, Perkins Coie

9:00 am Clean Water Act (CWA): TMDLs and Trading Issues/Wetlands Mitigation Banking
10:45 pm


11:00 am

Making Trades Real: Protecting Against Non-Compliance

Nina Bell, Executive Director, Northwest Environmental Advocates

11:30 am

The Ethics and Justice of Trading

Tom Lindley,  Chair, Environment, Energy & Resources,  Perkins Coie

12:00 pm

Lunch: on your own

1:30 pm

Clean Air Act: The Acid Rain Program, California's Cap and Trade System, the Renewable Fuels Standard, and the Clean Power Plan

2:30 pm

Climate Change Issues: CO2e Markets, Trades and Offsets

  • Michael Gerrard, Director, Sabin Center for Climate Change Law
  • Ray Kopp, Co-Director, Energy & Climate Economics, Resources for the Future
  • Jim Rubin, Partner, Dorsey & Whitney
3:30 pm Break
3:45 pm

Natural Resource Damages Banking: Endangered Species Act, CERCLA, and OPA

  • John Carlucci, Office of the Solicitor, US DOI

  • Andrew Gregg, Corporate Counsel/Vice President, RestorCap
  • Russell Randle, Squire Patton Boggs

  • Cyn Sarthou, Executive Director, Gulf Restoration Network
4:45 pm

Ecosystem Services Markets -- Units & Pricing & More

5:30 pm

Closing Remarks

Timothy Male, White House Council on Environmental Quality

5:50 - 6:45 pm Reception (soft drinks, wine, beer, and light snacks)



Speaker Materials:
If you are an ELI member and are logged onto the Members site, you will see links below to available speaker materials from the session. If you are not an ELI member but would like to have access to archived sessions like this one, go HERE to learn more about the many benefits of becoming an ELI Associate.

Resource Materials: