This course is about one of the greatest challenges of our time: climate change. What are the latest insights of the science of economics into its causes and potential solutions? How large are the costs of climate change? Should we tax carbon, cap-and-trade emission rights, or subsidize solar and wind power? Why is it so difficult to stick to environmental agreements such as ‘Paris’, despite the evident benefits to all? How can we prevent our industry from moving abroad if we take a leading role and ‘go it alone’ in taking environmental action? What is the role of economic growth and development? Should we stop it to avert a climate catastrophe and biodiversity loss, or can we pin our hopes on green growth?
- Introduction to the economics of climate change
- Optimal climate policy, carbon budgets and uncertainty
- International environmental agreements
- Green growth, limits to growth and degrowth
- Climate policy instruments and carbon leakage