So that's about 500 gigatons of carbon, and that's enough to raise the earth's temperature eventually by about 1 degree C, which is not a disaster yet. It would just be a business opportunity. The Master of Climate Change offers significant breadth and depth of study in climate change science and policy, including economics, law, policy and governance aspects. Climate change has been named as the number one threat to humanity. The course will start from the basic climate change science and take you through the core economic concepts, models and analyses related to emission mitigation and then to the ongoing discussions and negotiations on a national and international level. The programme comprises three compulsory courses that move from the science of climate change and its impacts, through the key adaptation and mitigation solutions, to the examination of the business response to climate change, and the risks and opportunities it represents. So I just do the calculation based on what I have to pay and what I get out of it. And therefore, you can budget for it in the future. The objectives of this course will be to provide students with One is a carbon tax, and the other is a scheme called cap and trade. Syllabus as of January 6, 2019. The transition to a clean energy economy is well on its way. Climate change denial is a popular discussion in the news today, so these online courses will help you separate fact from fiction. Look at local and global climate change initiatives. Excellent course. Will be updated as course progresses. Economics. In that it's not the same people who are paying for the climate damages as is the people who are benefiting from using fossil fuels. Choose from hundreds of free courses or pay to earn a Course or Specialization Certificate. This course will introduce students to international climate change policy, politics and economics. My understanding of the world and how we are affected by climate has grown tenfold if not more. Climate Change courses from top universities and industry leaders. But the thing is, if you have one sheep and there's already say eight on this yard, and you add one more sheep, the yield from everybody's sheep goes down. So I made up a totally made up story about sheep to illustrate this idea. 5 day intensive programme (7 - 11 June 2021) But then the total amount of lamb chops you get is the lamb chops per sheep times the number of sheep. Gained knowledge may be applied within the course in an emissions trading experiment and a role play on the initial permit allocation in a trading scheme. MSc Environmental Economics and Climate Change Albuquerque, USA. Let's say that the amount of lamb chops you could get per sheep decreases as the population of sheep on the common ground increases. Finding energy sources in that world would not be an existential threat would just be a business opportunity. The deep expertise of the teaching staff helped convince me it was the right place to study environmental economics. Learn Climate Change online with courses like Climate Change and Health: From Science to Action and Global Warming I: The Science and Modeling of Climate Change. Unpack the taxation system. Climate Change Economics and Policy Sanford School of Public Policy Spring 2019 3 credits ENV 640(k) & PPS 585(k) Duke University Time Tuesdays, Thursdays 8-9:15am (Duke) Tuesdays, Thursdays 9-10:15pm (DKU, until 3/10) Tuesdays, Thursdays 8-9:15pm (DKU, after 3/10) Instructor So cap and trade, the idea is that you, the governing agency sets the amount of emissions that they are willing to allow. External means that the cost is not being paid for by the decision maker. This course will equip you with the fundamentals of International Climate Change Law and Policy. This collection of free online courses will help you understand what causes global warming, what the effects of climate change are, and how we can limit or adapt to climate change. And then they allow people to buy and sell the right to emit that carbon. So for one thing, the growth just gets crazy if you don't talk about 100 years instead. This innovative approach to economics focuses on policy implementation for climate action and sustainable development. So to really really torch the planet requires getting into that coal. It moves beyond conventional approaches by reframing economics, accounting and policy within sustainability principles, parameters and processes, so that climate-friendly actions and sustainable behaviours are rewarded, rather than penalised. The hard part, in my opinion, is making that decision. The course covers the theory and practice of carbon pricing and alternative policy instruments for climate change mitigation, and principles and policy approaches for adaptation to climate change. supports HTML5 video. And if I'm not paying for the damage to the common, I won't take that into account, and so that leads to a distortion of the market. This course investigates the economic aspects of climate change and the economics of climate policy in a global perspective. Yet we are well placed with the knowledge and … This programme takes one year to complete (September to July), with one course per semester. And there's two strategies that are being proposed to internalize the cost of environmental damage by releasing CO2. So we have a cap and trade system going in the US to control SO2 emissions that lead to acid rain. The course will provide a summary of the latest climate science, including climate extremes, impacts and adaptation options, impacts on water, greenhouse gas emissions and value chains. On this course you will explore this science, looking back across 4 billion years of Earth’s history to help you learn the difference between ‘natural’ from ‘human’ induced change… We wouldn't be going back to live like the Flintstones. But weighing the costs of climate change versus the costs of mitigating climate change, is kind of fraught with an ethical problem. Basically, applying a discount rate over long time scales like this is assuming that people live forever, and that's just not on. — Dr. Brian P. Flannery, Science, Strategy and Programs Manager, Exxon MobilCorporation . And so it's more difficult to know what the costs are going to be next year and the year after that. The last unit of the class finds us considering the options for avoiding, or "mitigating," a human impact on Earth's climate. It starts with a brief introduction to the key economic concepts which are useful to analyze the climate change problem (e.g., efficiency and optimality, externalities and public goods, property rights, market failure). And that gives you a function that looks like this, and it says that there is an optimum number of sheep that you could graze on this yard that would provide the most food for everybody. [MUSIC], To view this video please enable JavaScript, and consider upgrading to a web browser that, Geoengineering: CO₂ Capture and Sequestration, Geoengineering: Solar Radiation Management. This five-day live facilitated online course provided an extensive background on a range of climate variability and change topics with an emphasis on developing communication skills for challenging climate topics. I believe that Climate Change Economics can provide an important forum to consider fundamental economic issues that will enhance understanding and improve climate policy deliberations." To view this video please enable JavaScript, and consider upgrading to a web browser that Like water flows downhill, money sort of flows toward a short-term gain because of this phenomenon. A particular focus will be given to recent advances in the research on the valuation of costs and benefits over time under uncertainty. So let's say you have an option to pay $100 now or you could pay, actually by putting that money in the bank now, you could pay $135 in ten years. This multi-disciplinary course provides an in-depth overview of the economics and governance of climate change, and the risks and opportunities they present for a range of organisations. Sustainability, Climate Change and Economics. SUST5021 (v.1) SCP549 Sustainability, Climate Change and Economics or any previous version UNIT REFERENCES, TEXTS, OUTCOMES AND ASSESSMENT DETAILS: The most up-to-date information about unit references, texts and outcomes, will be provided in the unit outline. © 2021 Coursera Inc. All rights reserved. This class describes the science of global warming and the forecast for humans’ impact on Earth’s climate. It makes it harder for the financial interests in the company to decide whether to actually invest in CO2 scrubbing equipment, for example, or whether to just pay for the permits in the future. So the world is only in trouble if we continue to decide to make it so. But if we keep going, we start getting into warming unlike any the earth has seen in millions of years, and this is bad. Basically, as far as I am concerned, for what that's worth, either one of these would be a fabulous thing. So, I've got to decide whether to put another sheep on there. So the idea originated with a picture of a common yard in a village that farmers could graze their sheep on. So if you are concerned about driving funny looking little cars or something like that, can realize that there's not really that much oil and natural gas in the traditional forms in the ground anyway, a few hundred gigatons of each, maybe. Course outline Deep insights into the science, economics, and policy of climate change [MUSIC] The economics of climate change are driven by a phenomenon known as the tragedy of the commons. This interactive online program is designed for managers, analysts, and leaders from government, corporations, and non-governmental organizations from around the world. And it's kinda silly, nobody's gonna put $5 in the bank and let it sit there for 100 years, but this does sort of describe the way that money tends to flow. Climate change is the most significant challenge to achieving sustainable development globally, threatening current patterns of growth and poverty reduction whilst creating global injustice and vulnerability. This class describes the science of global warming and the forecast for humans’ impact on Earth’s climate. It loses the sort of ethical justification of the way this worked on a short time if you're trying to decide whether to fix your roof in ten years. Using climate change economics, you will evaluate various national and international policy frameworks including carbon markets to mitigate human-induced climate change. Whereas the price for emission permits in a cap and trade scheme, where you're buying and selling these emission permits, is sort of floating. Bottom line: I think it would be a challenge that humankind could beat if we decided to. And the advantage of that is that this allows the market to find the cheapest way to meet that obligation to decrease the emissions. Bringing together insights from physics, chemistry, biology, earth and atmospheric sciences -- and even some economics -- this course is geared to curious enthusiasts, allowing them to work with real climate data and simulations of the earth’s changing climate. The online version of this course outline is not available, Please visit this page to view the relevant course outlines. But it is far from clear that the world’s economies will complete this transition in the time left to address the problem of carbon emissions and climate change. Because the true costs of the decision are not being paid by the person who's making the decision. Some of the quiz answers are still a mystery. All Economics ... with a two-day simulation of the United Nations’ climate policy negotiations under the Framework Convention on Climate Change (UNFCCC). Intended for an audience without much scientific background but a healthy sense of curiosity, the class brings together insights and perspectives from physics, chemistry, biology, earth and atmospheric sciences, and even some economics—all based on a foundation of simple mathematics (algebra). A specific focus on applied economics - particularly in regards to climate change and the environment - drew me to LSE. Bending the Curve: Climate Change Solutions™ is a multifaceted education project initiated by the University of California with participation by all ten campuses of the UC system at: Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, Santa Barbara, San Diego, Santa Cruz, San Francisco. Additionally, edX offers the option to pursue verified certificates in … The problem comes in when the time frame extends beyond an individual life time. Edx offers both individual courses and advanced programs designed to help you learn about climate change in an engaging and effective online learning environment complete with video tutorials, quizzes and more. If there hypothetically were no more coal on Earth, our potential to alter the climate would be much less. Identify where economics crosses paths with policies for climate action and sustainable development.Strip economic approaches to sustainability down to their essence. In this degree, you will combine a knowledge of the science underpinning climate change with a wide range of economic tools that allow you to understand and develop policies and incentives supporting the transition to a carbon neutral economy. An obligation in 100 years, like climate change is an obligation that somebody would have to pay for, shrinks down to almost nothing if it's too far into the future. Tax, I've also heard the argument, would be easier to implement because it could be, the carbon could be taxed at the source, at the coal mine. So the way to address this in economic framework is to internalize the cost, which means to make the person who's making the decision pay for it, rather than leaving it for everybody to pay for. So this is based on the idea that you can put money into some sort of a bank account that yields interest and that money will grow through time. But, most of the carbon that we're worried is still in the ground. Business leaders, policy makers and the general public generally seek a lower carbon footprint but struggle to agree on a timely and cost effective pathway to decarbonization. So it's basically like saying, well I'll save $5 today, and you can pay $100 later. You will also explore a range of business implications arising from climate change mitigation and adaption policy responses. If we want to protect our planet from dangerous and unprecedented change, first we must understand the science behind climate change. The course … Then the key concepts of climate-change economics and governance will be introduced, such as market failure, pricing carbon, and the tragedy of the commons. So the only hard part here is to make the decision. Another issue that comes up in the economic discussion of climate change is an idea known as the discount rate. Rather than cap and trade, you're trying to tax every, all the power plants. Climate Change & the TCFD: Risks & Opportunities for the Banking Industry Course Programme Frequently Asked Questions Tutor’s bio Since 2007, UNEP FI has offered an Online Course on “Climate Change: Risks and Opportunities for the Finance Sector”. 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. Another way of describing this economically is as an external cost. I recommend this to anyone who has an interest in living on this planet. It has arisen the appetite of Climate Change within me, like never before. For the last three years, Professor Tim Lenton, Dr Damien Mansell, and Exeter Geography alumnus Liam Taylor have pulled together a team of leading academics from different fields, ranging from mathematicians to marine biologists from the University of Exeter and the Met Office, to produce a series of free online climate change courses. And it turned out to be wildly cheaper than anybody had predicted in advance to cut those emissions. Global Warming I: The Science and Modeling of Climate Change, Construction Engineering and Management Certificate, Machine Learning for Analytics Certificate, Innovation Management & Entrepreneurship Certificate, Sustainabaility and Development Certificate, Spatial Data Analysis and Visualization Certificate, Master's of Innovation & Entrepreneurship. It's a very comprehensive and extremely tough course to negotiate. So the advantage of a tax scheme is that the price of carbon is controlled. A knowledge of how to undertake an economic appraisal of projects designed to mitigate emissions of greenhouse gases such as the Clean Development Mechanism You've seen that we've burned about 300 gigatons of fossil fuel and 200 gigatons of trees we've cut down. But you now have two sheep. The study of climate change offers an opportunity to develop the skills and effective policies to reduce risk and better adapt to a changing environment. The degree in ‘Economics and Climate Change’ will prepare students to become future leaders in the fight against climate change. The economics of climate change concerns the economic aspects of climate change; this can inform policies that governments might consider in response. The course focuses on key knowledge areas of sustainability theory and practice, including population, ecosystems, global change, energy, agriculture, water, environmental economics and policy, ethics, and cultural history. And so if you're trying to decide whether to fix your roof now or fix it in ten years, this is a perfectly reasonably way to think about it. As the understanding among financial institutions of the risks and opportunities imposed by climate change becomes more… University of Cape Town: Climate Change Mitigation in Developing Countries Start Date: May 11 th And my feeling is that if we simply had no more coal, if we just ran out, if that was the hand we were dealt, it wouldn't be an existential threat. In this 4-course, 4 course unit certificate you gain an understanding of the Earth’s climate system and how and why it has changed over time. The scientific evidence on climate change will be outlined and well-known controversies will be covered. An understanding of the economic arguments as to the relative merits of alternative instruments for the control of climate change, The online version of this course outline is not available, Please visit, Information Systems & Technology Management, 8 Reasons to study postgrad at UNSW Business School, Certificate in Executive Management and Development, Meet our 2020 Full-Time Scholarship Recipients, Digital Enablement Research Network (DERN), Behavioural Insights for Business and Policy, Cyber Security and Data Governance Research Network, ARC Centre of Excellence in Population Ageing Research (CEPAR), Centre for Applied Economic Research (CAER), Centre for Energy & Environmental Markets (CEEM), Centre for Innovation & Entrepreneurship (CIE), Centre for Law Markets and Regulation (CLMR), Industrial Relations Research Centre (IRRC), Economic & Labour Relations Review (ELRR). 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