wir911 - Advanced Topics of Sustainability Economics (Veranstaltungsübersicht)

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By the end of the lecture period

Written exam

This course aims at giving students an understanding of reasons, goals and instruments for climate policy, as well as implied complications due to the long term characteristics and the international dimension of climate change. Students first learn basics about the natural science of climate change and the main statements of climate research about the anthropogenic contribution to it. The economic interpretation of too high pollution as
symptom of a market failure then leads to the treatment of policy instruments, and the understanding of economic efficiency as a prerequisite for effective climate policy. Game theoretic analysis of international negotiations and agreements provides key insights about the “international” dimension of the problem. By means of practical examples students then see in detail the functionality and pitfalls of selected implemented (or currently discussed) policies, e.g. the EU-ETS.
With successful completion of the course, students shall be able to judge climate policy issues on an informed scientific basis (natural science and economics).