NERA Senior Vice President and Environment Group Head Dr. David Harrison delivered a presentation to the California Economic and Allocation Advisory Committee (EAAC) meeting in Sacramento, California on 1 July 2008. The EAAC, comprised of various economic, financial and policy experts, was established by the California Environmental Protection Agency and the California Air Resources Board to advise on the implementation of the state's Global Warming Solutions Act of 2006 and associated cap-and-trade system. Dr. Harrison, who has extensive experience with the European Union Emission Trading Scheme (EU ETS), provided background on the EU ETS and discussed allocation decisions made by member states and the European Commission.