Politics and Economics of Climate Change
| Code | Completion | Credits | Range | Language |
|---|---|---|---|---|
| 32ME-P-PECC-01 | Z,ZK | 6 | 2P+2C | English |
- Garant předmětu:
- Ondřej Kolínský
- Lecturer:
- Ondřej Kolínský
- Tutor:
- Ondřej Kolínský
- Supervisor:
- Institute of Economic Studies
- Synopsis:
-
The course introduces the economic and political dimension of the most pressing current environmental issues: climate change, resource efficiency, energy transition, pollution abatement. These themes will be framed by (i) economic theory pointing out potential market failures, (ii) economic policies aimed at addressing these failures, and (iii) tools of businesses to respond to regulation set forth by economic policies but also voluntary innovative tools to address the issues ahead of regulation. In all of these frameworks, emphasis is put on innovation policies and their potential for generating solutions. These will be especially mission-oriented approach, transition management, and strategies for smart specialization for sustainable development.
- Requirements:
- Syllabus of lectures:
-
Content of lectures:
1. Introduction to environmental economics:
- the concept of externalities,
- different types of capital,
- environmental criticism of mainstream economics, various visions of sustainability (3 w)
2. Internalizing externalities:
- non-market- and market-based regulation (environmental taxes, pollution permits, command-and-control), addressing lock-ins (subsidies, infrastructure investments),
- softer tools of incentivization,
- data collection (multidimensional indicators, value estimates, environmental accounting),
- competitiveness (Porter hypothesis)
3. Business level tools:
- marginal abatement cost curve,
- green accounting,
- climate neutrality,
- circular economy flows,
- integrating sustainability into long-term strategic plans, good practice
- Syllabus of tutorials:
-
Content of exercises:
Application of the concepts introduced in lectures: case studies, empirical analyses, externalities estimates, indicator studies. Discussion based on readings, identifying pros and cons of different approaches.
- Study Objective:
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The study objective of the course is to offer a holistic insight into sustainability and its implications for various stakeholders in private and public sector
Upon successful completion, students will be able to:
• understand basic concepts of environmental economics and identify key market failures
• differentiate between various tools of environmental regulation and their advantages and disadvantages
• propose a sustainability strategy for a specific firm or product
• critically analyse current practice in countries, regions or cities
- Study materials:
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The course does not work with mandatory books. Current scientific journal articles and case studies will be used for framing the context.
- Note:
- Time-table for winter semester 2023/2024:
- Time-table is not available yet
- Time-table for summer semester 2023/2024:
-
06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon Tue Wed Thu Fri - The course is a part of the following study plans: