I'm teaching a multidisciplinary class today on the economics of climate change*. Here is my outline:
- Market failure / negative externality
- Benefit-cost analysis
- Regulatory Approaches
- Carbon Tax – British Columbia [1, 2], Australia [1, 2], Washington State
- Cap-and-Trade – EU ETS, RGGI, AB32
- Offsets, sequestration
- Command and Control - Renewable Portfolio Standards [1, 2]
What am I missing?
"The right wing always suspects you of being a tree-hugging environmentalist and the left wing accuses you of being a money-grubbing capitalist." Source: WSJ.