Carbon Economics (P02556)

? Credit Points : 20 ? SCQF Level : 11 ? Acronym : GEO-P-CMCM

This course first introduces the concepts of carbon markets and the efficiencies (or lack of) therein. It then covers the models currently used to assess carbon performance and issues of scale in terms of time and geographical coverage. It explores the existing and proposed policy instruments for carbon management via fiscal measures and makes a critical assessment of cost-benefits analyses of these mechanisms. Finally it makes an in-depth exploration of the emission trading scheme, its mechanisms, development and barriers.

Entry Requirements

? Pre-requisites : Available only to postgraduate students

Subject Areas

Home subject area

Postgraduate Courses (School of GeoSciences), (School of GeoSciences, Schedule N)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Not being delivered

? Contact Teaching Time : 3 hour(s) 40 minutes per week for 10 weeks

? Other Required Attendance : 3 hour(s) 40 minutes per week for 10 weeks

All of the following classes

Type	Day	Start	End	Area
Lecture	Wednesday	11:10	13:00	Central
Lecture	Thursday	11:10	13:00	Central

Summary of Intended Learning Outcomes

• High-level understanding of markets and efficiency
• Familiarity with integrated assessment models, different temporal and spatial scales
• Ability to evaluate policy instruments (taxes vs tradable quotas)
• Critical assessment of costs and benefits of climate change mitigation
• In-depth knowledge of emissions trading mechanisms

Assessment Information

• Group presentation of specific and relevant topic using Problem Based Learning methodology. Assessed by minimum of 2 course lecturers.
• Multiple choice examination in December
• Written exam in April. Essay-based: 2 from a choice of 5, each of approx. 1,500 words