Curriculum Vitae - Alexander Golub

CURRICULUM VITAE Dr. Alexander Golub 8504 Redwood Drive, Vienna, VA 22180 (703) 560 2614 Alexander Golub is an expert in climate economics and environmental finance, application of cutting age instruments for risk analysis and innovative financial tools for building global environmental markets with particular focus on private capital investments in low carbon energy and avoided deforestation. He has 25 years of experience in environmental and natural resource economics, including 20 years of experience in energy and climate change. Dr. Golub published more than 60 peer-reviewed books and papers including papers in Contemporary Economic Policy, Journal of Environmental and Resource Economics, Climatic Change, Environmental Finance, Energy Policy, Energy Economics, World Development, and Carbon Finance. Dr. Golub has an extensive work experience in transition and developing countries in the field of environmental, energy and climate policy including technical analysis and policy advisory role. Several times served as OECD expert on environmental finance, energy subsidies elimination, natural resources and pollution fees; was lead expert and country leader for The World Bank National Strategy Studies on climate policy; served as principle economic advisor to the Russian government on climate policy, and Kyoto Protocol implementation; was HIID director for climate policy project in Central Asia; has served on the Intergovernmental Panel on Climate Change, was a lead author for the panel's Third Assessment Report in 2001 and reviewer for the Fourth Assessment Report in 2007. During the last ten years Dr. Golub has been working on global and regional environmental policies with particular focus on incentives for technological innovations. Lately Dr. Golub focused economic analysis of domestic US climate policy and climate policy in California. Education • Graduated Moscow State University, Economic Department (equivalent of Master degree in mathematical economics), 1982 • Ph.D. (Mathematical economics), Russian Academy of Sciences, 1984 • Doctorate in Economics, Russian Academy of Sciences, 1989 Awards • Open Society Institute award in 1995 and 1997 for contribution to environmental and natural resources economics education in transition countries • 2nd Prize from the World Energy Council for Paper Presented at the 2007 WEC Conference in Rome. Memberships • EAERE • AERE Appointments PERIOD EMPLOYER POSITION AND MAIN ACTIVITIES 1984-1987 System Analysis Institute, Russian Academy of Science Research fellow, Senior research fellow; Economic modeling 1987-1991 Central Economic-Mathematical Institute, Russian Academy of Science Senior research fellow, Head of Department; environmental protection policy and modeling of technological innovations 1991- 1998 Market Economy Institute, Russian Academy of Science Head of Department; Global environmental policy 1994-1997 COWI Branch Manager; Business development 1997-1998 Higher School of Economics – State University Professor, Environmental economics; Director, Center for Environmental and Natural Resource Economics 1998-2000 John F. Kennedy School of Government Harvard University Research fellow, Global climate economics, forest economics 2000- 2011 Environmental Defense Fund Senior Economist, Senior Research Fellow, Quantitative analysis of climate and energy policy 2011 UBS Securities Executive director, Global Environmental markets, SRI Energy markets and Climate Policy Selected assignments in EDF Leadership in applied research: • Analysis of an impact of a specification damage function on social cost of carbon, including quantification of risk, building an aggregated integrated assessment model and elaboration of methodology for risk-adjusted social cost of carbon; • Performance of a strategic allowances reserve in a cap-and-trade program: a probabilistic analysis – modeling of carbon market under uncertainty and taking into account behavior of market participant, calculation of a reasonable size of strategic allowances reserve; • Analysis of the California carbon market – modeling carbon price at California carbon market and strategic reserve; • Building of a multi-regional integrated assessment model to estimate risk adjusted cost and benefits of climate policy and examine an optimal economic growth in the presence of productivity shocks attributed to climate change (joint project with BC3) – model employed a new methodology for cost-benefit analysis under uncertainty, built upon real options analysis of climate policy. The model and new methodology was well received by academic community and practitioners resulted in a number of presentation on international conferences and peer reviewed publications; • Analysis of an effect of low cost offset on low-carbon energy investment – joint project with FEEM and IASSA – result and policy conclusions was critical for success of UN FCCC negotiations on REDD and REDD+; • Modeling of economic instruments under uncertainties – joint project with FEEM; • Ancillary benefits studies in Russia, Ukraine and Kazakhstan – more than 10 different country-wide and regional studies. This project had significant political resonance and played important role for Kyoto Protocol ratification; • Modeling of energy sector in Russia, Kazakhstan, and Ukraine – project was focused on research capacities building in countries with transition economies; • Analysis of institutional framework for climate strategy in transition economies – this project was initially focused on countries with economies in transition and lately was extended to developing countries; • Coordination of independent reviews of GHG inventories on a company level – technical analysis of reliability of GHG emission inventories for Russian power generating sector accountable roughly for 1/3 of Russian CO2 emission; • Health risk analysis in Russia and Ukraine and strengthening environmental regulation; • Feasibility study for biomass energy for district and municipal heating in Russia. Leadership in environmental advocacy: • In 2000-2005 leader of Russia task force – lead EDF team and served as a co-chairman of social forum on climate change established in 2003 in support for Kyoto Protocol. Environmental advocacy supported by robust analytical work resulted in Russian ratification of Kyoto Protocol. Report on dual pricing of natural gas played a critical role to orchestrate an agreement between EU and Russia on gas pricing and Kyoto Protocol ratification. • From 2006 building analytical foundation for environmental advocacy (modeling and quantitative analysis), focusing on US domestic policy. It includes several quantitative studies that EDF’s climate champagne and international team used for communication and environmental advocacy in US and overseas. Other assignments and part-time consulting • IPCC expert, Working Group III, from 1998. Lead author, ‘Global, Regional, and National Costs and Ancillary Benefits of Mitigation,’ Chapter 8 in B. Metz et al (ed.), Climate Change 2001: Mitigation. Contribution of Working Group III to the Third Assessment Report of the Intergovernmental Panel on Climate Change. Reviewer of the Fourth Assessment Report (WG II and WG III); • Consultant of HIID on carbon emission trading, adviser to the Kazakh and Uzbek Governments on GHG International Negotiations, 1998-2000; • Consultant on Environmental Financing in Kirgizia, for Kirgiz Government financed by TACIS, 1998; • Co-Director for cost-benefit analysis of the Russian pilot forest loan, for the World Bank financed by KHF (UK), 1998; • Russian Team Leader for US AID Carbon Emission Trading Workshop in Moscow, July, 1998; • Director, National Coordinator of the World Bank National Strategy Study for GHG Emissions Reduction in Russia, 1997-1998; • Senior consultant of HIID-USAID Environmental management project in Russia and Kazakhstan (health risk management, natural resources taxation, emission trading, environmental damage assessment, environmental financing), 1996-1998; • Consultant of US EPA for Environmental Management and Environmental Finance project in Nignii Tagil, 1997; • Project leader for Russian Bureau of Economic Analysis to prepare Policy Note “Carbon Emission Trading in Russia”, 1997; • Economic Adviser of World Wildlife Fund (WWF): Feasibility Study on the Fixed Capital Conservation Fund for Russia, 1997; • Consultant of the OECD: Environmental financing, 1996-1998; • Consultant of the OECD: Effect of Russian energy subsidies in greenhouse gas emissions, 1995-1996; • Consultant of the Center for Preparation and Implementation of International Projects on Technical Assistance (CPPI) Russia: Institutional Mechanism of establishment of the National Pollution Abatement Facility (NPAF), 1995-1996; • Lead adviser to the Russian Ministry of Natural Recourses on Reform of natural resource taxation (1994); • Consultant of the OECD on environmental funds system in Russia and their perspectives, 1994; • Member of the Scientific Council of the Russian Ministry of Environmental Protection and Natural Resources, Chairman of the Environmental Economics Section, 1992-1998; • Chairman of the Economic Group of the Inter-Ministry Commission for Ozone-Layer Protection, 1993 – 1997; • Consultant of the US EPA, Feasibility Study for the establishment of the Russian Center for environmental protection and institutional reform, 1995; • Contractor of Environmental Defense Fund, Development of the Russian-US JI reforestation project (certified by US IJI), 1993-1994 • Consultant of Environmental Defense Fund : Elaboration of the institutional preconditions to implement JI projects in Russia, 1993- 1996; • Consulting work for the Czech Ministry of Environmental Protection: Economic Mechanism of Environmental Management, 1991; • Scientific Secretary of the Long-Term Environmental Protection and Natural Resources Management Program in the USSR, 1987-1989. Computer skills • Programming in Matlab, VBA, R, STATA, GAMS and C++; • Working with Crystal Ball; Risk Solver Platform; Scientific Work Place Participation in major conferences with oral presentations • World Congress on Environmental and Resource Economics since 2002; • EAERE annual meetings since 1992; • International Energy Workshops since 2007; • First AERE annual meeting 2011; • AEA annual meeting 2011; • Climate Change Congress 2009; • World Energy Congress 2007; • World Climate Change Conference 2003. Selected publications Books (with co-authors): Environmental Regulation based on Health Risk Analysis. Text Book. 2010. Avaliani, A., Balbus. J., Golub, A., Davydova, N., Strukova, E., and Safonov, G. State University – Higher School of Economics, Environmental Defense Fund. Moscow. Modeling environment-improving technological innovations under uncertainty (Ed. By Golub A., Markandya, A.). Routledge. 2009 Climatic Change, View from Russia. (with co-authors) Russian Center for Environmental Policy, Environmental Defense, Moscow, TEIC, 2003. Market instruments for environmental protection, (with co-authors) M., State University – Higher School of Economics, 2002. Economics of Environment and Natural Resources. Introductory course. (with co-authors). State University – Higher School of Economics, 2003. Sustainable Development Indicators, Economic and Ecological Issues. (with co-authors) Moscow, 2001 Natural resources economics, Golub A., Strukova E. Moscow: M., Aspect-Press, 1998. Ecological Aspects of Carbon Sequestration through Afforestation and Deforestation in Russia. Analytical review. (with co-authors) Center for Ecological Policy of Russia. 1995. Environmental economics. Golub A., Strukova E. Moscow: M., Aspect-Press, 1995. Environmental Funds: the Theory and Practice. Ed. by A.Averchenkov. 1995. (with co-authors) Radio I Svjas. Moscow. Economic Instruments in Environmental Management. Gerasimovich, V., Golub A. Moscow: M., Nauka, 1993. Peer-reviewed papers: “Using an allowance reserve to manage uncertain costs in a cap-and-trade program for greenhouse gases”. 2011. Golub, A., and Keohane, N. Environmental Modeling and Assessment. Online First™, 5 September 2011. “DICER: a tool for analyzing climate policies”. 2011. Ortiz, R.A.; A. Golub; O. Lugovoy; A. Markandya and J. Energy Economics. (Forthcoming). “The Influence of the Specification of Climate Change Damages on the Social Cost of Carbon”. Kopp, R., Golub, A., Keohane, N. and Onda, C. Economics. No. 2011-22 | July 11, 2011. “Options on lowcost abatement and investment in the energy sector: new perspectives on REDD” Fuss, S., J. Szolgayovat, A. Golub, and M. Obersteiner. Environment and Development Economics , Forthcoming. “Linking reduced deforestation and a global carbon market: implications for clean energy technology and policy flexibility”. Bosetti, V., Lubowski, R., Golub, A., and Markandya, A. Environment and Development Economics 2011 “Economics of climate change under uncertainty: Benefits of flexibility”, Anda, J., Golub, A., and Strukova, E. Energy Policy, Vol. 37(4), 2009, pp. 1345-1355 “Options on REDD as a Hedging Tool for Post Kyoto Climate Policy”. Deforestation and Climate Change. Reducing Carbon Emissions from Deforestation and Forest Degradation. Red. Bosetti, V., Lubowski, R. Fondazione Eni Enrico Mattei. Cheltenham: Edward Elgar, 2009. pp.165-176. “Effects of Low-cost Offsets on Energy Investment – New Perspective on REDD” (with co-authors). Nota do Lavoro. Fondazione Eni Enrico Mattei. 17. 2009. “Saving Lives, Saving Money: Regulating Particulate Matter Air Pollution in Russia” (with co-authors). Environmental Defense. Published online 2007. “Playing leapfrog”, Golub A. Strukova E. Carbon Finance. 16-Mar-07. “The call option alternative” 2005. Dudek, D., Golub, A., and Marcellino, D. Carbon Finance. “Does The Kyoto Protocol Cost Too Much And Create Unbreakable Barriers For Economic Growth?” Golub, A., Markandya, A., and Marcellino, D. Contemporary Economic Policy. Vol. 24 (4), October 2006, pp: 520–535. “Empirical Analysis of National Income and SO2 Emission in Selected European Countries”. Markandya, A., Golub A., Pedroso S. Environmental and Resource Economics. Vol. 35(3) November, 2006., pp. 221-257. “Ancillary benefits of climate change mitigation in Russia” (with co-authors).Mitigation and Adaptation Strategies for Global Change. Published online 20 May 2006. “Ancillary Benefits of Climate Change Mitigation and No-regret Options for Carbon Emission Reduction” World Resource Review. Vol 16 (1), 2006, pp.37-56. “Should Russia increase domestic prices for natural gas?” (with co-authors). Energy Policy, 34, 2006, pp.1659-1670. “Optimal Economic Growth in the Model with Increasing Return” The Cyprus Journal of Sciences. Vol. 3/ Spring 2005, pp. 115-136. “Breaking through barriers in Russia”. (with co-authors). Environmental Finance. May, 2004. “Economics of the Kyoto Protocol for Russia” (with co-authors). Climate Policy, 4, 2004, pp. 129-142. “Russia and the GHG market” Golub A., Strukova E. Climatic Change. March, 2004, Vol. 63. pp. 223-243. “Ancillary benefits of reducing GHG emissions in transition economies” 2003. Dudek D., Golub, A., and Strukova, E. World Development 31, pp. 1759-1769. “Intensity” targets: pathway or roadblock to preventing climate change while enhancing economic growth?” Golub A., Dudek D. Climate Policy 3S2, 2003. pp. S21-S28. “The Influence of climate change considerations on energy policy: the case of Russia,” (with co-authors) Int. J. of Global Environmental Issues. Vol.3, No.3, 2003. p.324-338 “Ancillary benefits of GHG emissions reduction and emission trading,” (with co-authors). World Development, Vol. 31, No.5, pp. 943-955. 2003. “Emission Inventory on Company Level: Lessons from Russia”. 2002 Dudek D., Golub A., Petsonk A., Safonov G., and Saparov M. Mitigation and Adaptation Strategies for Global Change 7, pp. 155-172. “Global, Regional, and National Costs and Ancillary Benefits of Mitigation,” Hourcade, J-C. and Shukla, P., coordinating lead authors, Chapter 8 in B. Metz et al (ed.), Climate Change 2001: Mitigation. Contribution of Working Group III to the Third Assessment Report of the Intergovernmental Panel on Climate Change. Cifuentes, L., Davis, D., Edmonds, J., Fisher, B., Fortin, E., Golub, A., Hohmeyer, O., Krupnick, A., Kverndokk, S., Loulou, C., Richels, R., Segenovic, H., Yamaji, K. 2001. “The economics of air pollution health risk in Russia: a case study of Volgograd,” (with co-authors). World Development, Vol. 27, No.10, pp. 1803-1819.1999. “Environmental Protection in Transition Economy,” (with co-authors) Economic Issues, 1995, N 2, pp. 139-149. “Application of the Pollution Fees in Russia,” Golub A. Strukova E. Economic Instruments for Air Pollution Control. Ed. by G.Klaassen and F.R.Forsund, 1994, p.p.165-184. “Economic Mechanism of the Global Climate Change Control” 1992. (with co-authors). Economics & Mathematical Methods. N 5-6, V. 28, 1992, p.p. 687-694. “Social and Economic Background of the Environmental Policy” 1991. (with co-author) Economics & Mathematical Methods. N 3, V. 27, 1991, p.p. 510-521. “Environmental Policy before Market” 1991. Economic Sciences. N 1, 1991, p.p. 28-35. “Environmental Management Reform” 1990. Economics & Mathematical Methods. N 6, V. 26, 1990, p.p.846-861. “Environmental Policy in Transition Period”. 1990. Academic News, Economic Issues. N 5, p.p. 14-30. “On Dynamic Rent” 1989. Economics & Mathematical Methods. N 3, V.XXV, 1989, p.p. 466-476. “Economics of Environmental Policy,” (with co-author) Academic News, Economic issues, N6, 1989, pp. 15-26. “Large-Scale Projects and Economic Development,” (with co-author) Economics and Mathematical Methods, N2, V. XXV, 1989, pp. 1053-1059. “Economic Valuation of the Ecosystems’ Assimilative Capacity,” Golub A. Strukova E. Economics and Mathematical Methods, N3, V. XXIV, 1988, pp. 458-468. Other selected papers and reports: “Uncertainty in Integrated Assessment model of Climate Change. Alternative Analytical Approaches” 2011. Golub, A., Narita, D., and Schmidt, M. NOTA DI LAVORO 02.2011. Fondazione Eni Enrico Mattei. “Economics of Controlling Climate Change under Uncertainty”. 2010. Golub, A., Santanu, R. Presented at 4th World Congress on Environmental and Resource Economics. “Constructing a Post-2012 Pathway: Being on track to avoid dangerous climate change”. 2007. Meng, K., Dudek, D., Golub, A., Lugovoy, O., Petsonk, A., Strukova, E., and Wang, J. Environmental Defense. Working Paper. “The Dangers of Climate Change and The Benefits of Kyoto Protocol Participation For The Russian Federation”. (with co-authors). Environmental Defense. 2004. “Environmental Aspects of Dual Pricing for Natural Gas in Russia” (with co-authors). Environmental Defense, 2004. “The Influence of Climate Change Considerations on Energy Policy: The Case of Russia” (with co-authors). NOTA DI LAVORO 92.2003. Fondazione Eni Enrico Mattei. October 2003. “Economic Growth, Fuel Mix and Air Quality In Russia.” (Golub A., Dudek D., Droste-Franke B., Ksenofontov M., Strukova E., Friedrich R., Markandya A). Environmental Defense. Working paper. 2003. “Environmental Protection in Transition Economies. The need for economic analysis” (with co-authors). Environmental Defense. Working paper. 2003. “Macroeconomic assessment of environment-related human health damage cost for Russia,” Bobylev S., Sidorenko V., Safonov G., Avaliany S., Strukova E., Golub A. 2000. World Bank Institute & Moscow State University, ISBN 5-85941-028-X. Working Paper. Moscow State University. “Collateral benefits from GHG emission reduction,” (with co-authors). Climate Change and Energy Sector. Russian potential to increase energy efficiency and use of renewable energy sources, Eco-Accord, 2001. “Ancillary benefits of GHG emissions reduction and emission trading,” (with co-authors). Environmental Defense. 2002 “GHG emissions inventory methodology: independent expert review of the Russian joint stock company Unified Energy System of Russia.” 2001. (with co-authors). Environmental Defense and CPPI. Economies in transition: pathways for sustainable economic development and climate protection. 2000. Dudek D., Golub A., Strukova E. Environmental Defense. “Emissions trading for the countries in transition: outcome for global GHG emissions reduction.” (with co-authors). Environmental Defense, 2000 “Sustainable forestry pilot project: an economic and financial analysis,” Markandya A., Golub A., Strukova E., Safonov G., Poole A., Taylor T. Metroeconomica for the World Bank. January 1999 “Study on Russian National Strategy of GHG emission reduction (NSS),” Golub A., Averchenkov A., Berdin V., Kokorin A., Martynova M., Strukova E. 1999. The World Bank, BEA, Moscow. “Russian forests for climate change mitigation. An economic analysis”, 1999, Kennedy School of Government. “Pollution Fees Reform in Russia” (with co-authors) Environmental Funds Strengthening and Environmental Management, Part 1, 1998, pp.6-40> Higher School of Economics – State University. “Impacts of Russian energy subsidies on GHG emissions/Reforming energy and transport subsidies” 1997. Golub A., Gurvich E., Mukhin A., Uzyakov M., Ksenofontov M. Environmental and Economic Implications. OECD, 1997 “Options for revising the system of pollution charges in Russia: results of an aggregate modeling analysis”. 1997. Golub A., Gurvich E. Environmental Discussion Paper. No. 21, HIID. NIS-EEP project. “Applying Cost-Effectiveness analysis to Risk Management in Russia: a Case-Study of Air Pollution Health Risks in Volgograd,” (with co-authors). Environmental Discussion Paper No.24, August 1997, NIS-EEP Project. Harvard Institute for International Development. “Environmental Financing in Russia”. 1996. (with co-authors) CPPI, OECD. Papers of International Conference in Nizhni Novgorod. “Sources of Environmental Funds (Environmental Financing)”. 1996. (with co-authors) OECD. Papers of International Conference in Almaty. “Financing Environmental Investments in Russian Federation.” (with co-authors). Financing Environmental Quality in Central and Eastern Europe, An Assessment of International Support. Ed. Ger Klaassen and Mark Smith. IIASA, October 1995, pp. 113-132. “Application of Joint Implementation projects in Russia,” (with co-authors). The Economics of Atmospheric Pollution: Theories, Applied models and Implications for International Policy making. Wageningen, 14-18 November, 1994, pp. 359-381. “Environmental Protection and Economic Reform in Russia. /Policy brief”. 1993. Kolstad, C., Golub A. The Environmental and Natural Resources Policy and Training Project. EPAT/MUCIA. No 2 July, 1993, p.p. 1-6. “Pollution Charges in Russia: Experience of Application and Theoretical Basis,” (with co-authors). Institutions and Environmental protection. Conference Proceedings of the Third EAERE Meeting. V. 2, Krakow, 1993, pp. 232-233. “Transboundary Pollution and Economic Incentives of its Reduction,” (with co-authors). Institutions and Environmental protection. Conference Proceedings of the third EAERE Meeting. V 3, Krakow, 1993, pp. 285-292. 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