Environmental Economics and Climate Change
Teacher(s)Gerard van der Meijden, Rick van der Ploeg, Steven Poelhekke, Florian Wagener
Research fieldSpatial Economics
DatesPeriod 1 - Sep 04, 2023 to Oct 27, 2023
Short Subject Description:
This course focuses on climate change: one of the greatest challenges of our time. What can the science of economics teach us about its causes and potential solutions? What are the damages and benefits of climate change? Its impact on poverty? Should we tax carbon, cap-and-trade emission rights, or subsidize solar and wind power? Does the answer depend on how we value the future? Why/when should we discount the distant future less than the proximate future? What is the impact of risk and true uncertainty (ambiguity) on the discount rate? Can a tradeoff between growth and the environment be avoided, and if so with what sort of policies? Does trade harm the environment? Will our industry move abroad if we take a leading role and 'go it alone'? Can well-intended climate policies actually accelerate global warming? What are good second-best climate policies? How to deal with climate tipping points? What is the international incidence of climate change and of the climate policies needed to combat it? Why is it so difficult to negotiate international agreements?
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