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 |
Discipline | Economics |
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 |
Location | Global |
Language | English |
Translation | |
Developed by | Carbon Brief |
Hosted at | YouTube |
Link | https://www.youtube.com/watch?v=9Wm8-eYdMm0 |
Access | Online |
Computer Skills | Basic |