A panel of experts convened at this event in New York City on 12-13 January 2010 to discuss the conclusions and implications of the December 2009 Copenhagen Climate Change Summit, as well as the latest developments in the future $1 trillion North American Carbon Market. NERA Senior Vice President and Environment Group Head Dr. David Harrison participated in a panel discussion addressing the implications of implementing a US greenhouse gas cap-and-trade program. Dr. Harrison summarized the modeling that NERA has done using the NERA Carbon Financial Impacts model to assess the effects of alternative potential programs on various companies and sectors, including electricity, refining, petrochemicals, aluminum, iron and steel, chemicals, pulp and paper, and cement. Dr. Harrison emphasized the importance of flexibility in capital and other decisions in light of the uncertainties regarding the timing and nature of a potential US program.