1. Carbon Pricing Forum November 2, 2015 Berkeley CA Peter Barnes

2. Don’t bet the planet on a carbon price alone.

3. Percent vs. 1994 WTI crude $/barrel US petroleum use Aggregate oil use not very price sensitive GLOBAL OIL PRICE v. U.S. OIL CONSUMPTION 1944 = 100

4. Price of gasoline with carbon tax (over time) 2015..................... 2050 Gas $7 $5 $3 $ per gallon $6.65 Tax

5. Norway$8.56 Italy$8.29 Netherlands$8.21 Turkey$8.07 Denmark$7.75 United Kingdom$7.52 Finland$7.45 Germany$7.06 France$6.74 Switzerland$6.42 Sweden$6.41 Spain$6.37 Prices of gasoline in Europe today

6. The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets Aggregate physical limits All permits auctioned Zero offsets Equal dividends So what is the best carbon pricing mechanism? So what is the best carbon pricing mechanism?

7. The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets Upstream cap and dividend So what is the best carbon pricing mechanism? So what is the best carbon pricing mechanism?

8. The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets Tax shift DIVIDENDS

9. The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets

13. https://uncdiss.wordpress.com/category/medicine/ US Cigarette Prices vs. Consumption 1970-2007 Billions of packs ConsumptionPrice Average price per pack

14. http://www.cdc.gov/mmwr/preview/mmwrhtml/mm5916a3.htm Surgeon general’s report: 1964