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 […]
Economic solutions for Climate Change
Economic solutions for Climate Change Audio As a teacher of Economics, this podcast can teach your students about Environmental Resources and Energy Economics, and use of carbon tax policy as a possible economic solution to climate change. This audio will help students understand the relationship between economics and climate change. Additionally, they will learn about […]
Carbon Pricing Dashboard of the World Bank
Carbon Pricing Dashboard of the World Bank Classroom/Laboratory Activity An interactive visualisation tool with map, data and downloadable graphs to understand the carbon pricing initiatives of various nations over a thirty-year period from 1991 to 2021. The tool ‘Carbon Pricing Dashboard- Map & Data’ of the World Bank includes greenhouse gas emissions, carbon prices implemented […]
Overview of the “Stern Review: The Economics of Climate Change”
Overview of the “Stern Review: The Economics of Climate Change” Reading A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which contains a compilation of the scientific evidence of human caused climate change, its analysis through economic theory, and possible climate policies. […]
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 […]
Predicting Future Carbon Emissions
Predicting Future Carbon Emissions Model/Simulation A model/simulation to learn about and use the Kaya Identity to predict future carbon emissions. Students will customize parameters such as changes in population, GDP per capita, energy intensity, and carbon intensity of energy sources to observe the model’s predictions on future carbon emissions. Use this tool to help your […]
Carbon Pricing: Shadow and Market Prices
Impact of Climate Change on Carbon Pricing: Shadow and Market Prices Overview As an undergraduate Economics teacher, you can use this set of computer-based tools to teach the concept of Carbon Pricing and the instruments to implement it- Carbon Tax and Cap-and-Trade/Emissions Trading System (ETS). This lesson plan includes a resource to help students understand […]
Environmental Economics: Cap-and-Trade
Environmental Economics: Cap-and-Trade Overview As an Undergraduate Economics teacher, you can use this set of computer-based tools to help you in teaching climate mitigation environmental policies and specifically about the cap-and-trade system. This lesson plan allows you to teach about economic policy responses to climate change. This lesson plan includes resources to explain various policy […]
The COVID-19 Pandemic: Economic Policy for ‘Green Recovery’
Impact of Climate Change on The COVID-19 Pandemic: Economic Policy for ‘Green Recovery’ Overview As an Undergraduate Economics teacher, you can use this lesson plan to teach your students how countries around the world design economic policies for a ‘green recovery’ from the economic downturn due to the COVID-19 pandemic, by reducing carbon emissions while […]