This Subject Includes

  • Course No: HS 232
  • Course: B.Tech
  • Semester: VII
  • Title: Economics of Climate Change
  • Stream: Economics
  • Description:

    Introduction to climate change; Climate models and climate change debate; Economic growth, wellbeing and sustainability: Impact, Population, Affluence and Technology (IPAT) model, ecological footprint, green GDP; Climate change equity: economics, discounting, inter-generational equity, intra-generational equity and development rights; Concepts of adaptation and mitigation; Mitigation mechanisms: carbon trading versus carbon taxes, Clean Development Mechanism (CDM), Reducing Emissions from Deforestation and Forest Degradation (REDD), Joint Implementation (JI) and voluntary markets; Costs of climate change and benefits of mitigation; Consensus on Climate Change: United Nations Framework Convention (UNFCC), Kyoto Protocol, Intergovernmental Panel on Climate Change (IPCC), and other international agreements

  • Text:

    1. R.F. FitzRoy and E. Papyariks, An introduction to Climate Change Economics and Policy, Earthscan publishers, 20102. J.T. Hardy, Climate Change � Causes, Effects and Solutions, John Willey and Sons, 2003

  • Course References:

    1. W. D Nordhaus, To Tax or Not to Tax: Alternative Approaches to Slowing Global Warming, Review of Environmental Economics and Policy, 1(1): 26, 2007.2. C. Hadjilambrinos, For Richer or for Poorer- The Role of Science, Politics, and Ethics in the Global, Climate Change Policy Debate, Bulletin of Science, Technology & Society, 19(6): 521-531, 19993.T. Hayward, Human Rights Versus Emissions Rights: Climate Justice and the Equitable Distribution of Ecological Space, Ethics and International Affairs, 21(4): 431-450, 2008