3.0

Average Course Rating

After a study of the historical development of climate change policy, this course analyzes current policy options for mitigating and adapting to long-term climate change. The course will examine various approaches available in the U.S. for national-level policy, including regulatory and market-based approaches, particularly cap and trade and carbon taxation. Various models for designing a cap and trade system will be studied, including the European experience and regional programs in the United States. Special attention will be paid to methods for setting initial prices and accounting for discounting of future benefits. The course will focus primarily on national-level carbon management policies, but international agreements will also be included, as well as equity considerations on a global level.