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Impact of Climate Change on Measuring Value of Abatement for Climate Policy

Overview

Overview

As an Undergraduate Economics teacher, you can use this set of computer-based tools to help you in teaching about implementation of environmental policies by measuring the value of abatement. This lesson plan will enable you to teach your students about assessing the benefits of abatement by analyzing a survey to measure the willingness of people to pay for climate change mitigation.

Economists often face the problem of placing a value on the abatement of environmental damage, to set against the cost of implementing abatement policies. Amongst the various methods used to estimate the value of abatement are contingent valuation and hedonic pricing. In this lesson plan, students will be able to learn about the challenges of placing a value on abatement through a classroom exercise in contingent valuation of the willingness to pay (WTP) to reduce carbon emissions to mitigate climate change.

Thus, the use of this lesson plan allows you to integrate the teaching of a climate science topic with a core topic in Economics.

As an Undergraduate Economics teacher, you can use this set of computer-based tools to help you in teaching about implementation of environmental policies by measuring the value of abatement. This lesson plan will enable you to teach your students about assessing the benefits of abatement by analyzing a survey to measure the willingness of people to pay for climate change mitigation.

Economists often face the problem of placing a value on the abatement of environmental damage, to set against the cost of implementing abatement policies. Amongst the various methods used to estimate the value of abatement are contingent valuation and hedonic pricing. In this lesson plan, students will be able to learn about the challenges of placing a value on abatement through a classroom exercise in contingent valuation of the willingness to pay (WTP) to reduce carbon emissions to mitigate climate change.

Thus, the use of this lesson plan allows you to integrate the teaching of a climate science topic with a core topic in Economics.

Learning Outcome

The tools in this lesson plan will enable students to:

  1.  Learn about the value of abatement in environmental and climate change mitigation policies
  2. Describe the methods to measure the value of abatement
  3. Discuss the willingness to pay (WTP) by individuals towards the abatement of climate change
  4. Explain the importance of measuring value of abatement for implementing climate change mitigation policies

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