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. […]

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 […]

Environmental Economics: Climate Change as Market Failure

Impact of Climate Change on Environmental Economics: Climate Change as Market Failure Overview Overview As a High School or Undergraduate Economics teacher, you can use this set of computer-based tools to teach about national/international environmental protection, negative externalities such as global warming, and market failure associated with climate change. This lesson plan allows you to […]