Driving the U.S. energy system toward climate stabilization requires integration of multiple policy instruments in a staged series of legislative and regulatory policy vehicles. Qualifying the limitations of a cap-and-trade approach, Dr. Hummel will present a framework for orienting and organizing a multi-faceted policy development process. After surveying key design recommendations for specific sectors, the presentation will drill deeper into the specific challenge of engaging energy-intensive industries subject to global competition. After briefly discussing some of the policy designs under consideration, Dr. Hummel will engage the importance of LBL's research into best practice metrics for these industries as a key to resolving a major barrier in both federal and international climate policy negotiations. Holmes has posted her presentation used at this seminar, at her website at: http://www.holmeshummel.net/ClimatePolicyDesign/ (go to "Recent Posts" on the left-side menu. It's labeled "Energy Intensive Industries") For more information about this seminar, please contact: JoAnne Lambert 510.486.4835, or send e-mail to JMLambert@lbl.gov