Climate Change (Cancelled for 2021/22)
Teacher(s)Rick van der Ploeg, Sweder van Wijnbergen
Research fieldSpatial Economics
DatesPeriod 3 - Jan 03, 2022 to Feb 25, 2022
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 costs
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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Rezai, A. and F. van der Ploeg (2016). Second-best renewable subsidies to de-carbonize the economy: commitment and the Green Paradox, Environmental and Resource Economics, 66, 409-434. https://link.springer.com/article/10.1007/s10640-0..." https://link.springer.com/article/10.1007/s10640-0...
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