This course will equip you with the fundamentals of International Climate Change Law and Policy. You will learn to critically assess Environmental Economics theory and its application to climate change policy, including the use of market-based policy approaches such as environmental taxes and emissions trading.
International Climate Change Law and Policy will discuss a range of controversial debates, reflecting the highly politicised nature of international Climate Change Law.
The course is of particular interest to professionals in environmental and resources sectors, public policy, government sector, non-government sector and private sector (e.g. sustainability consulting).
Week 1: Introduction to Climate Change and the Social Cost of Carbon
The Scientific Evidence
Key Polluting Countries
Introduction to Carbon Accounting
Valuing Greenhouse Gas Emissions: Introduction to the Social Cost of Carbon
Week 2: Evolution and Architecture of the International Climate Change Regime
The United National Framework Convention on Climate Change (UNFCCC)
The Kyoto Protocol
The Paris Agreement: A new paradigm of international cooperation
Week 3: Climate Change Policy and The Theory of Externalities
Introduction to the theory of Externalities
The Pigouvian Tax
Problems with Pigouvian Taxation
Week 4: How Prices Can Save the Global Climate: The Standard-Price-Approach
Taxes vs. Cap-and-Trade
Efficiency and Effectiveness
Dr Elena Aydos, Dr Sven Rudolph and Dr Christopher Kellett