Join us on Sept. 18 for an interactive Emissions Trading System (ETS) simulation led by Duke alumnus Josh Margolis (T'81) using the CarbonSim tool. This session will help students gain valuable ETS experience in a risk-free, entertaining, and fast-paced learning environment.
The simulation highlights choices, provides a framework for decisions, and serves as a platform for experiments in emissions trading scenarios. Through the simulation, participants will learn how they can use an ETS to achieve environmental and economic outcomes, develop a carbon portfolio management strategy, minimize liabilities, and capitalize on opportunities. They will also come to understand that choices made by both policymakers and industries are shaped by the design and administration of the ETS.
CarbonSim is a multi-user, artificial intelligence-enhanced, state-of-the-art simulation tool. It can be played in four different languages and a half-dozen currencies. It can be used to both train stakeholders and run “what if” ETS design scenarios. CarbonSim has been tested and improved with the help of more than 3500 players from China, Cambodia, Vietnam, Myanmar, Cambodia, the Philippines, Indonesia, Singapore, Laos, Thailand, Bangladesh, Korea, Mexico, the EU, and the United States.
Josh Margolis (T '81) is an environmental markets practitioner with 35+ years of emissions trading, advisory, and training experience. Over his career, Josh has provided policy analysis, market assessments, emissions brokerage services, environmental credit regulation evaluation/development, and simulation services to stakeholders that administer, advise on, or are subject to emissions trading system (ETS) programs. Josh has worked closely with Colombian, Brazilian, Mexican, Korean, Chinese, Japanese, Canadian, and European ETS stakeholders to deploy and/or adapt CarbonSim to suit their needs.
Jackson Ewing holds a joint appointment as a senior fellow at Duke University's Nicholas Institute of Environmental Policy Solutions and an adjunct associate professor at the Sanford School of Public Policy. He works closely with the Duke Kunshan University Environmental Research Center and International Masters of Environmental Policy programs to build policy research collaboration across Duke platforms in the United States and China.
Dan Vermeer is an Associate Professor at the Fuqua School of Business, and also directs Duke University's Center for Energy, Development, and the Global Environment (EDGE), an initiative focused on accelerating the global transition toward a more sustainable energy system, economy, and society. Vermeer teaches graduate classes in the business of energy and environment, conducts research, and consults with leading companies and organizations.
****STUDENTS, READ THIS BEFORE REGISTERING: For this exercise to work well virtually, there are three significant requirements:
1) You must be 100% committed to attending this event and arriving on time. We will be matching you with a teammate in advance, and if you cancel, that person may not be able to take part.
2) You must agree to complete ~75 minutes of pre-viewing/pre-reading. You will have access to required and optional materials as soon as you register. These will be included in both the Digital Links section and in a confirmation email.
3) If you are asked by the organizers to register your team on the CarbonSim website, you must complete this task by the deadline provided. (Don’t worry—it’s easy and we will provide instructions 2-3 days before the deadline.) Only one person on each team will need to register, though both teammates will need to coordinate before the event on what communication tool (Slack, text, etc.) they will use during the event.