This Subject Includes

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


    1. R.F. FitzRoy and E. Papyariks, An introduction to Climate Change Economics and Policy, Earthscan publishers, 2010

    2. J.T. Hardy, Climate Change – Causes, Effects and Solutions, John Willey and Sons, 2003


    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, 1999

    3. 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