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Global Warming- A Negative Externality

Global Warming- A Negative Externality Video A short video by Hoesung Lee, Korea University and vice-chair of the Intergovernmental Panel on Climate Change (IPCC) on carbon pricing and climate change. The video discusses the importance of putting a price on carbon emissions and related activities since climate change is an example of a global externality. […]

Introduction to Carbon Pricing

Introduction to Carbon Pricing Reading A reading by the World Bank Group that introduces what is carbon pricing and discusses the link between carbon pricing and climate change policies. The reading includes sections on Main types of carbon pricing International carbon pricing Regional, national and subnational carbon pricing Internal carbon pricing How to do carbon […]

The Global Climate Change Game

The Global Climate Change Game Classroom/Laboratory Activity An interactive classroom activity ‘The Global Climate Change Game’ by James Copestake and Tom Ellum, University of Bath, that applies theoretical economic concepts in the context of climate change. The game involves role-play by students to understand.international climate change negotiations between countries influenced by ethics and morals. The […]

Overview of Carbon Pricing

Overview of Carbon Pricing Audio An audio conversation with Christopher Knittel, MIT, about carbon pricing and its impact on individual lifestyle. This audio podcast looks at the complexities of carbon pricing, its type, approximate individual cost and public policy around it. Students will learn about the basics of carbon pricing and be introduced to carbon […]

Climate Change- A Market Failure

Climate Change- A Market Failure Reading A reading titled ‘Why do economists describe climate change as a market failure?’ by Alex Bowen, Simon Dietz and Naomi Hicks, that discusses how since climate change does not maximise societal welfare, it is a market failure. The reading focuses on the ‘greenhouse-gas externality’ that describes the indirect impact […]

Climate Change, the Economy, and Society

Climate Change, the Economy, and Society Model/Simulation A model/simulation to understand the relationships between climate change, economics, and social factors. Students will customise parameters related to policy (such as emissions-related tax or treaty), climate (such as levels of climate sensitivity and harm), and economy (such as growth and energy efficiency) to observe the corresponding effects […]

Economics and Global Climate Change

Economics and Global Climate Change Reading A reading to learn about the economic analysis of climate change, and various economic policies for climate change adaptation and mitigation. Students will read about and discuss topics on the economics of global climate change. These topics include trends and projections for global climate, cost-benefit studies of global climate […]

Economics of Climate Change with William Nordhaus, Nobel Laureate (2018)

Economics of Climate Change with William Nordhaus, Nobel Laureate (2018) Video This video lecture by William Nordhaus on the economics of climate change. This is a comprehensive video on the impacts of climate change and its effect on the economy, along with a focus on economic policy for climate mitigation and adaptation. Students will be […]

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