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. Lee further explains the linkages of the environment with
economic growth and development.
Students will learn the concept of global warming as a negative externality. They will also understand the importance of putting a price on carbon emissions to reduce global warming and the need for global cooperation.
Use this tool to help your students find answers to:
- What are negative externalities in economics?
- What are the negative externalities associated with climate change?
About the tool
|Tool Name||Hoesung Lee on carbon pricing|
|Topic(s) in Discipline||Externality, Negative Externality, Carbon Pricing, Carbon Tax, Environmental Protection|
|Climate Topic||Energy, Economics and Climate Change|
|Type of tool||Video/ Microlecture (2 mins)|
|Grade Level||High School, Undergraduate|
|Developed by||Carbon Brief|