Assessing U.S. Climate Policy Options April 24, 2008 | SAn FrAnciSco, cA Andy Gordon Managing Director and Head of West Region and Global Media Investment Banking | Goldman Sachs Andy is head of the Investment Banking Division’s West Region and is head of Global Media for TMT Investment Banking. He joined the firm in 1986 in Mortgage Finance in New York after working as a trainee in Fixed Income Sales in 1984. Andy worked in Mergers & Acquisitions and Financial Institutions in New York and Los Angeles before joining Investment Banking Services in 1994. He became a partner and co-head of the West Region in 1998. Andy serves on the boards of the Los Angeles Philharmonic and the LA County Museum of Art. In addition, he serves as chairman of the board of the Sierra Canyon School. Andy earned a BA from Wesleyan University in 1986 and a general course degree from the London School of Economics in 1985. Ray Kopp Senior Fellow and Director - Climate and Technology Policy Program | Resources for the Future Ray Kopp is a Senior Fellow and Director of RFF’s Climate and Technology Policy Program. Kopp holds Ph.D. and MA degrees in economics and an undergraduate degree in finance. He has been a member of the RFF research staff since 1977 and has held a variety of management positions within the institution. Kopp’s interest in environmental policy began in the late 1970s, when he developed techniques to measure the effect of pollution control regulations on the economic efficiency of steam electric power generation. He then led the first examination of the cost of major U.S. environmental regulations in a full, general equilibrium, dynamic context by using an approach that is now widely accepted as state-of-the-art in cost-benefit analysis. During his career Kopp has specialized in the analysis of environmental and natural resource issues with a focus on Federal regulatory activity. He is an expert in techniques of assigning value to environmental and natural resources that do not have market prices, which is fundamental to cost-benefit analysis and the assessment of damages to natural resources. Kopp’s current research interests focus on the design of domestic and international polices to combat climate change. He holds a Ph.D. in economics from the State University of New York at Binghamton and a master’s degree in economics from the University of Akron. Ken Newcombe Managing Director, U.S. Carbon Emissions Desk | Goldman Sachs Ken Newcombe is a Managing Director in the Fixed Income, Currency and Commodities Division, where he is responsible for carbon origination and sales in the U.S. and Latin America. In 2006-2007, Ken was Head of Origination and Vice Chairman of Climate Change Capital, the largest private sector carbon fund. At Climate Change Capital, Ken oversaw investments in offset projects for more than $1 billion and co-managed a team of 55 carbon specialists. Prior to Climate Change Capital, Ken managed the Carbon Finance Unit of the World Bank where he launched eight carbon funds and oversaw close to $1 billion in investments in carbon offset projects. At the World Bank, Ken held a number of other positions, including manager for the Global Environment Facility and Montreal Protocol Multilateral Fund investment operations. In the late 1970s and early 80s, Ken established the energy planning administration in Papua New Guinea and managed its electric power utility. Ken has a doctorate in energy and natural resource management from the Australian National University. Assessing U.S. Climate Policy Options April 24, 2008 | SAn FrAnciSco, cA Billy Pizer Senior Fellow and Research Director | Resources for the Future Billy Pizer is a Senior Fellow and Research Director at Resources for the Future, where his research looks at how the design of environmental policy affects costs and environmental effectiveness, often related to global climate change. His research has examined the aggregate level and distribution of regulatory costs, the effect of uncertainty on policy outcomes, the choice among various market- based policies, the role of voluntary programs, impacts on competitiveness, the importance of technological change, and the valuation of environmental benefits over long time horizons. Pizer was a Lead Author on the Intergovernmental Panel on Climate Change Fourth Assessment Report, chaired the DOE review of its Integrated Assessment Research Program, and currently serves on both the EPA Environmental Economics Advisory Committee and the DOE Climate Change Science Program Product Development Advisory Committee. Since August 2002, Pizer has worked part- time as a Senior Economist at the National Commission on Energy Policy. During 2001-2002, he served as a Senior Economist at the President’s Council of Economic Advisers where he worked on environment and climate change issues. He was a Visiting Scholar at Stanford University’s Center for Environmental Science and Policy during 2000-2001, and taught part-time at Johns Hopkins University during 1997-1999. His work has been published in the Review of Economics and Statistics, Journal of Public Economics, Journal of Environmental Economics and Management, as well as other scholarly journals and books. In 2006 he won, with Richard Newell, the Petry Prize for their work on discounting. Phil Sharp President | Resources for the Future Phil Sharp became president of Resources for the Future on September 1, 2005. His career in public service includes ten terms (1975-1995) as a member of the U.S. House of Representatives from Indiana, and seven years on the faculty of the John F. Kennedy School of Government, Harvard University, where he also was director of the Institute of Politics. Sharp is congressional chair of the National Commission on Energy Policy, a panel established by the Hewlett Foundation and other major foundations to make energy policy recommendations to the federal government. During his 20-year congressional tenure, Sharp took key leadership roles in the development of such landmark legislation as the Energy Policy Act of 1992 and the 1990 Clean Air Act Amendments, a critical part of which provided for a market-based emissions allowance trading system. Sharp served on the House Energy and Commerce Committee, where he chaired the Energy and Power Subcommittees. He also was a member of the House Interior and Insular Affairs Committee. Sharp serves on the boards of directors of Duke Energy Corporation and the Energy Foundation. He is a member of the Cummins Science and Technology Advisory Council and the Advisory Board of the Institute of Nuclear Power Operations and on the External Advisory Board of the Massachusetts Institute of Technology Energy Initiative. He chaired advisory committees for recent MIT studies on the future of nuclear power and the future of coal. Previously, he served on the board of directors of the Electric Power Research Institute and was a member of the National Academy of Science’s Board of Energy and Environmental Systems. Sharp graduated from Georgetown University’s School of Foreign Service, studied at Oxford University, and received his Ph.D. in government from Georgetown University in 1974. Assessing U.S. Climate Policy Options April 24, 2008 | SAn FrAnciSco, cA Gene Sykes Managing Director, Co-Chair of Mergers and Acquisitions and Chairman of Global Technology, Media and Telecommunications Investment Banking | Goldman Sachs Gene is co-chair of the firm’s Global Mergers & Acquisitions business and chairman of Global Technology, Media and Telecommunications Investment Banking. He joined the Mergers & Acquisitions Department in New York in 1984 and moved to Los Angeles in 1987. He became a partner in 1992 and was named managing director in 1996. Gene is the chair of the Board of Trustees of the National Parks Conservation Association and chairman of The California Chapter of The Nature Conservancy. He is a member of the board of the California Governor’s Council on Physical Fitness and Sports and chairman of the Advisory Council of the Stanford University Graduate School of Business. He is also a member of the Board of Directors of St. Matthews Parish Schools and the Board of Advisors of Common Sense Media. Gene earned an MBA from Stanford in 1984 and an AB from Harvard in 1980. Mark Tercek Managing Director and Head of the Center for Environmental Markets | Goldman Sachs Mark is head of the Goldman Sachs Center for Environmental Markets. He also oversees leadership development programs for the firm’s managing directors as the co-head of Pine Street. Mark joined Goldman Sachs in 1984 and was named partner in 1996. Mark previously headed the Consumer/ Healthcare, Equity Capital Markets, Corporate Finance and Real Estate Departments. In earlier assignments, he headed the worldwide transportation group, co-headed the Corporate Finance Department in Tokyo, and was one of the senior bankers who led the firm’s early investment banking initiatives in Asia. Mark is the president of the Board of Trustees of Western Reserve Academy and a trustee of Business for Social Responsibility and Literacy Partners. Mark is a member of the Council on Foreign Relations and serves on its independent task force on climate change. He is also an adjunct professor of Finance at New York University’s Stern School of Business. Mark earned an MBA, with distinction, from Harvard in 1984 and a BA, with honors, from Williams College in 1979.
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