Reading: Stern Review: The Economics of Climate Change Part 6

A reading from the ‘Stern Review: The Economics of Climate Change’ by economist Nicholas Stern for the Government of the United Kingdom which contains various dimensions of action that will be needed to reduce the risk of climate change for mitigation and adaptation. The reading is subdivided into three chapters, as follows:

  1. Framework for understanding international collective action for climate change:  This section draws from game theory and international relations to provide a framework on international collective action and review the existing international co-operation. [pp 450 – 467 (as per table of contents) or pp 494- 511 (as per scrolling)]
  2. Creating a global price for carbon: This section looks at the challenge of creating a broadly comparable price for carbon around the world. It also considers what was effective from previous global conventions like the Kyoto Protocol and looks at the scope of expanding emissions trading schemes. [pp 468 – 489 (as per table of contents) or pp 512 – 533 (as per scrolling)]
  3. Supporting the transition to a low carbon global economy: This section discusses how diffusion of technology and investment in low carbon infrastructure can accelerate the transition towards a low carbon economy. It also explores Clean Development Mechanism and how carbon finance can be expanded to respond to the current scale of climate change. [pp 490 – 515 (as per table of contents) or pp 534 – 558 (as per scrolling)]
  4. Promoting effective international technology co-operation: This section analyses the impact of international co-operation in accelerating innovation in low-emission technologies for adaptation.  [pp 516 – 536 (as per table of contents) or pp 559 – 579 (as per scrolling)]
  5. Reversing emissions from land use change: This section looks at the opportunities available to reverse emissions from land use, specifically the challenge of providing economic incentives to reduce deforestation. [pp 537 – 553 (as per table of contents) or pp 580 – 596 (as per scrolling)]
  6. International support for adaptation: This section examines how international arrangements for adaptation can support national efforts and contribute to an equitable international approach. [pp 554 – 569 (as per table of contents) or pp 597 – 612 (as per scrolling)]
  7. Conclusions: This section concludes the finding of the Review and emphasises the importance of building and sustaining international collective action on climate change [pp 572 –621 (as per table of contents) or pp 613 – 662 (as per scrolling)]

Students will learn about the importance and challenges of international collective action through existing frameworks of international conventions like the Kyoto Protocol. They will also learn about the technologies that can be adapted to transition to a low carbon economy and how this will differ for developing and developed countries.

Use this tool to help your students find answers to:

  1. How can international collective action help combat climate change?
  2. What are the steps needed to transition towards a low carbon economy?
  3. What international arrangements can be made to help developing countries adapt to climate change?

About the Tool

Tool NamePart VI: International Collective Action from Stern Review: The Economics of Climate Change 
DisciplineEconomics
Topic(s) in DisciplineEconomics of Climate Change, Macroeconomics, Microeconomics, International Economics, Economic Policy, Competitive Market Policies, Game Theory, International Relations, Kyoto Protocol, Clean Development Mechanism
Climate TopicEnergy, Economics and Climate Change; Climate Mitigation and Adaptation
Type of toolReading (pp 449 to 621) –  as per table of content; (pp 493 – 662) – as per scrolling
Grade LevelHighschool, Undergraduate
LocationGlobal
LanguageEnglish
Translation
Developed byNicholas Stern
Hosted atGrupo de Pesquisa em Mudancas Climaticas (GPMC), Brazil
Linkhttp://mudancasclimaticas.cptec.inpe.br/~rmclima/pdfs/destaques/sternreview_report_complete.pdf
AccessOnline/Offline
Computer SkillsBasic

Classroom/Laboratory Activity: The Global Climate Change Game

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 game introduces concepts like ‘green spending’ and ‘carbon tax’ and requires students to maximize their countries’ net benefit to avoid catastrophes. 

Students will learn about economic concepts that relate to climate change as well as understand how these concepts function in a global market. They will also learn about the economic decisions and incentives that countries take to reduce the effect of climate change on economic growth and development. Students will further learn about how public good and benefit influences these economic decisions. 

Use this tool to help your students find answers to: 

  1. What is ‘green spending’?
  2. How does public good and benefit influence climate change negotiations?
  3. Compare countries and their greenhouse gas emissions and net economic growth.

About the tool

Tool NameThe Global Climate Change Game
DisciplineEconomics
Topic(s) in DisciplineGreen Spending, Carbon Tax, Climate Change Negotiations, Economic Growth
Climate Topic Energy, Economics and Climate Change
Type of tool Classroom/Laboratory Activity 
Grade LevelUndergraduate
LocationGlobal 
LanguageEnglish 
Translation
Developed byJames Copestake and Tom Ellum
Hosted atThe Economics Network 
Linkhttps://www.economicsnetwork.ac.uk/showcase/copestake_climate#Relating_the_game_to_theoretical_issues
AccessOnline/Offline
Computer SkillsBasic 

Reading: Economic Inequality and Global Warming

A guidebook of gender-sensitive approaches to climate change policy for city planning. It discusses the different ways in which women and men are affected by climate change. This guidebook includes discussions on gender inequalities such as gender division of labour, gender differentials in income, gender biases in decision making, and other factors contributing to climate vulnerability.

Students will understand how climate change impacts genders differently. They will also learn the importance of gender sensitivity in formulating climate change policies. Students will be introduced to gender sensitive climate adaptation, mitigation and resilience in cities.

Use this tool to help your students find answers to: 

  1. How does climate change affect genders differently?
  2. Give a few reasons why climate change policies should use a gender-sensitive approach
  3. What are the priorities for gender-sensitive climate policies at urban levels?

About the Tool 

Tool Name Gender and Urban Climate Policy: Gender-Sensitive Policies Make a Difference
Discipline Humanities, Social Sciences
Topic(s) in Discipline Gender, Gender and Climate Change, Gender Inequality, Urban Planning, Public Policy, Climate Change Policy, Climate Vulnerability
Climate Topic Climate and Society, Policies, Politics, and Environmental Governance
Type of Tool Reading
Grade Level Undergraduate, Graduate
Location  Global
Language English
Translation
Developed by Federal Ministry for Economic Cooperation and Development 
Hosted at Giz, UN Habitat, Gender CC 
Link Reading Link
Access Online, Offline
Computer Skills Basic

 

Reading: Marxism and Carbon Markets

A reading titled ‘Greening Capitalism? A Marxist Critique of Carbon Markets’ by Steffan Bohm, Maria Misoczky and Sandra Moog that discusses a Marxist assessment of carbon markets and their role in the evolution of global capitalism and climate change. The reading discusses four major marxist concepts: metabolic rift, capitalism and world ecology, uneven development and accumulation through dispossession, sub-imperialism, to establish a structure for an analysis of carbon markets. The reading further discusses the importance of understanding historical global capitalism development and its link to nature, especially within the Global South. 

Students will learn about Marx’s theories and carbon markets and their role in mitigating climate change. They will also learn about the concept of ‘greening capitalism’ and its role in the future of economic growth and development. Students will further learn about the importance of mapping and acknowledging historical global capitalism development to understand the current state of climate change in the Global South. 

Use this tool to help your students find answers to: 

  1. What is Greening Capitalism? 
  2. Explain the link between history, capitalism and nature in the Global South
  3. Carbon markets could affect capitalist dynamics to achieve a global sustainable economy. Discuss 

About the tool

Tool NameGreening Capitalism? A Marxist Critique of Carbon Markets
DisciplineEconomics, Social Sciences
Topic(s) in DisciplineMarxist Theory of Capitalism, Marx, Capitalism, Greening Capitalism, Historical Materialism, Economic Policy, Marxism
Climate Topic Energy, Economics and Climate Change, Policies, Politics and Environmental Governance 
Type of tool Reading 
Grade LevelUndergraduate, Graduate
LocationGlobal 
LanguageEnglish 
Translation
Developed bySteffan Bohm, Maria Misoczky and Sandra Moog
Hosted atResearch Gate
Linkhttps://www.researchgate.net/publication/239735675_Greening_Capitalism_A_Marxist_Critique_of_Carbon_Markets
AccessOnline/Offline
Computer SkillsBasic