Long-term Cost of Climate Change

Long-term Cost of Climate Change Reading A reading by Louise Lerner, The University of Chicago, that summarises the economic cost of carbon as viewed from the perspective of geologists. This research challenges the traditional cost of carbon, which has been priced at $100 per ton of carbon emission, by stating the cost of carbon to […]

Marxism and Carbon Markets

Marxism and Carbon Markets Reading 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 […]

Willingness to Pay for Climate Stability

Willingness to Pay for Climate Stability Reading A review article by Evan Johnson and Gregory Nemet, Robert M. La Follete School of Public Affairs at the University of Wisconsin-Madison, on willingness to pay (WTP) for climate policy. This working paper is divided into five sections as follows: Section 1 describes the characteristics of WTP as […]

Willingness to Cooperate and Climate Policy

Willingness to Cooperate and Climate Policy Reading A reading titled ‘Cooperation in the Climate Commons’ by the Centre for Climate Change Economics and Policy (CCCEP), University of Leeds and The Grantham Research Institute on Climate Change and the Environment, London School of Economics and Policy. This working paper describes the willingness to cooperate as a […]

Social Cost of Carbon

Social Cost of Carbon Reading A journal article by William Nordhaus on the critical role of the social cost of carbon (SCC) in determining climate change economics and policies. This paper estimates the SCC using the Dynamic Integrated model of Climate and the Economy (DICE model). Students will understand the application of the DICE model […]

Stern Review: The Economics of Climate Change Part 2

Stern Review: The Economics of Climate Change Part 2 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 predictions on mortality, ecosystems and income levels. This reading includes results of their modelling that states that climate change will cause […]

Introduction to Carbon Pricing

Introduction to Carbon Pricing Reading A reading by the World Bank Group that introduces what is carbon pricing and discusses the link between carbon pricing and climate change policies. The reading includes sections on Main types of carbon pricing International carbon pricing Regional, national and subnational carbon pricing Internal carbon pricing How to do carbon […]

Climate-Informed Development to Mitigate Global Poverty

Climate-Informed Development to Mitigate Global Poverty Reading A feature story on a comprehensive report by the World Bank that describes the threat of climate change to poor people and the ways to offset it through adaptation and mitigation strategies. The students will view an embedded video to understand the need for policies to manage the […]

Economic Recovery post COVID-19

Economic Recovery post COVID-19 Reading: A policy brief by The Grantham Research Institute on Climate Change and the Environment, London School of Economics and Policy and the Centre for Climate Change Economics and Policy (CCCEP), University of Leeds on the significance of carbon pricing for reducing carbon emissions in the context of post COVID-19 pandemic […]

Shadow Price and Social Cost of Carbon

Shadow Price and Social Cost of Carbon Reading A reading titled ‘The Social Cost of Carbon and the Shadow Price of Carbon’ by Richard Price, Simeon Thornton and Stephen Nelson Department for Environment, Food and Rural Affairs (Defra), London, that discusses the topics of social cost of carbon (SCC) and shadow pricing of carbon (SPC) […]