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Global Warming- A Negative Externality


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. Lee further explains the linkages of the environment with economic growth and developmen.

Students will learn the concept of global warming as a negative externality. They will also understand the importance of putting a price on carbon emissions to reduce global warming and the need for global cooperation.

Use this tool to help your students find answers to:

  1. What are negative externalities in economics?
  2. What are the negative externalities associated with climate change?
About Tool
Tool NameHoesung Lee on carbon pricing
Topic(s) in DisciplineEconomic Externalities, Carbon Pricing, Carbon Tax, Negative Externality, Environmental Protection
Climate TopicClimate Economics
Type of toolVideo (2 mins)
Grade LevelHigh School, Undergraduate
Translation     –
Developed byCarbon Brief
Hosted atYouTube
Computer SkillsBasic


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