Distinguished Visitor: Richard Duke

The Bren School of Environmental Science & Management
at the University of California, Santa Barbara


Richard Duke
Center for Market Innovation

Natural Resources Defense Council

Monday, April 6, 2009
11:00 a.m. - 12:00 p.m.
Bren Hall 1414

"Cap 2.0: Defining Climate Legislation that Ensures Sustainable Low-carbon Growth"

The third of three parts in the 2008-2009 Zurich Financial Services

Distinguished Visitors Program on Climate Change



America and the world have reached a crucial juncture on climate change. To avoid the most catastrophic consequences of global warming, the United States and other developed nations must reduce greenhouse gas pollution at least 80 percent below 2005 levels by the middle of this century—and inspire developing countries to do their fair share as well.

Done right, comprehensive climate legislation will help to ensure economic recovery and put us on a path toward sustainable and secure low-carbon growth. Under carbon caps, the sale of pollution allowances would bring in new government revenue, allowing funds to be redirected toward infrastructure improvements and incentives for innovation. The result is a fiscally responsible way to revive the nation's economy and fight climate change at the same time.


As director of Naturall Resources Defense Council’s Center for Market Innovation, Richard Duke works with government and corporate leaders to accelerate market adoption of clean technologies and practices. Prior to joining NRDC, Dr. Duke was an engagement manager at McKinsey, where his projects included developing a hedging strategy for a leading CO2 credits originator and managing a global assessment of greenhouse gas reduction opportunities, published by McKinsey and the European Union utility Vattenfall. He also previously worked for the Federal Reserve Bank of New York, managed a small renewable energy company in Honduras, and consulted for the International  Finance Corporation. He holds a PhD from Princeton University, where his doctoral work focused on the economics of public investment in clean energy.


The Zurich Financial Services Distinguished Visitors Program on Climate Change allows the Bren School to attract international leaders in environmental policy, law, business, and science to enrich and expand the intellectual life of the Bren School community and share insight on issues critical to climate change. Activities of the visitors, who are in residence for periods ranging from one week to one quarter, include teaching short courses, offering public lectures, conducting seminars, and leading colloquia and symposia planned around their research, professional endeavors, or areas of expertise. The first visitor for this academic year was Stanford University professor Stephen H. Schneider, who visited in November 2008. He was followed in February by University of Michigan professor Thomas Lyon. Richard Duke, the final Visitor of the 2008-2009 academic year, will be in residence at the Bren School from April 6 through April 10.




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