Economics of Climate Change: Principles and Policy Strategies

Climate change is not just an environmental issue; it is a fundamental economic challenge that requires a deep understanding of market dynamics and policy intervention. This course provides a comprehensive introduction to the economic frameworks used to analyze climate impacts and evaluate the effectiveness of global mitigation strategies. You will gain the skills to: - Understand the concept of externalities and how market failures contribute to environmental degradation. - Analyze carbon pricing mechanisms, including carbon taxes and cap-and-trade systems. - Evaluate the cost-benefit analysis of climate adaptation versus mitigation efforts. - Explore the role of green finance and ESG (Environmental, Social, and Governance) criteria in modern decision-making. - Apply economic principles to the transition towards renewable energy and sustainable infrastructure. - Practice assessing international climate agreements through an economic lens. The course begins with essential terminology and foundational theories of environmental economics before examining real-world policy applications and emerging trends in sustainable finance. This text-based program is designed for beginners with no prior background in economics or environmental science, offering a clear path to understanding the financial side of the climate crisis. Gain the foundational knowledge needed to engage with one of the most pressing global issues of our time.