BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:Emissions trading\, energy efficiency\, and the law of unintended 
 consequences - Michael Grubb\, Director of the Carbon Trust\, and professo
 r of economics in Cambridge and Imperial College
DTSTART:20060508T160000Z
DTEND:20060508T170000Z
UID:TALK4898@talks.cam.ac.uk
CONTACT:Tom Counsell
DESCRIPTION:This talk explains the real consequences of the European emiss
 ions trading\nsystem\, its relationship to low carbon technology\, and the
  potential role of\neconomic instruments in accelerating energy efficiency
 . It argues that we\nare witnessing a grand case of the law of unintended 
 consequences. The EU\nETS\, promoted as a market mechanism to drive effici
 ency and fuel switching\nand feared for its impact on competitiveness\, is
  actually making companies\nrich enough to consider investing in long term
  technology. At the same time\,\nits impact on power prices may actually i
 mpede the introduction of some\nmeasures better targeted at improving ener
 gy efficiency in sectors outside\nthe EU ETS. 
LOCATION:Lecture Room\, Institute for Manufacturing IfM
END:VEVENT
END:VCALENDAR