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The Economics of Climate Change

WS 2023

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ET Mo 23.10.2023 18:00–20:00  ONLINE
ET Fr 08.12.2023 13:00–19:00  C03-LG 1 | 215  |  Pandemie/Pandemic: ONLINE
ET Sa 09.12.2023 09:00–15:00  C03-LG 1 | 215  |  Pandemie/Pandemic: ONLINE
ET Fr 02.02.2024 13:00–19:00  C03-LG 1 | 215  |  Pandemie/Pandemic: ONLINE
ET Sa 03.02.2024 09:00–15:00  C03-LG 1 | 215  |  Pandemie/Pandemic: ONLINE

[No data available.]

M Pub 2020 602SPGPP#02 // S 3LP   ::248915::

Scientific evidence is clear: human activities have released enough greenhouse gases (GHG) in the atmosphere to have altered the climate, with already strong effects on ecosystems, societies and economies. On current emissions paths, climate change is set to become dramatically worse. To limit global warming, and hence avoid the worst-case scenarios predicted by climate science, the world economy must rapidly reduce its GHG emissions and reach climate neutrality within the next three decades. In this seminar, we want to learn about the complex interplay between climate change and economic activity. We will start off by asking the question, whether economic growth is compatible with declining emissions or whether, instead, societies need to accept de-growth and lower living standards to ensure rapid de-carbonization. Achieving decarbonization requires global actions: we will study the global public good and tragedy of the commons problems and solutions that have been proposed – this will help us understand why progress in the UN-based COP summits is insufficient, and why global emissions continue to rise. We will study the domestic distributional effects of climate policy. Public finance and decarbonization also interact in complex ways and will be studied. Furthermore, the role of industrial policy and innovation for decarbonization will also be explored. We also want to look at the role the financial system and central banks play in climate policy.

Acemoglu, D., P. Aghion, L. Bursztyn, and D. Hemous (2012) ‘The Environment and Directed Technical Change’, American Economic Review, 102:1, 131–66, available at Acemoglu, D., U. Akcigit, D. Hanley, and W. Kerr (2016) ‘Transition to Clean Technology’, Journal of Political Economy, 124:1, 52–104, available at Acevedo Mejia, S., M. Mrkaic, N. Novta, E. Pugacheva, and P. B. Topalova (2018) The Effects of Weather Shocks on Economic Activity: What Are the Channels of Impact? (Rochester, NY: Social Science Research Network, 1 June ), available at Aghion, P., R. Veugelers, and D. Hemous (2009) No Green Growth Without Innovation (Bruegel, November 23), available at [accessed 15 December 2021] Auffhammer, M. (2018) ‘Quantifying Economic Damages from Climate Change’, Journal of Economic Perspectives, 32:4, 33–52, available at Bartusek, S., K. Kornhuber, and M. Ting (2022) ‘North American heatwave amplified by climate change-driven nonlinear interactions’, Nature Climate Change, 12, 1143–50, available at Franzke, C. L. E. (2014) ‘Nonlinear climate change’, Nature Climate Change, 4:6, 423–24, available at Friedlingstein, P., M. O’Sullivan, M. W. Jones, R. M. Andrew, J. Hauck, A. Olsen, et al. (2020) ‘Global Carbon Budget 2020’, Earth System Science Data, 12:4, 3269–3340, available at Lenaerts, K.; Tagliapietra, S.; Wolff, G.B. The Global Quest for Green Growth: An Economic Policy Perspective. Sustainability 2022, 14, 5555. Nordhaus, William. 2015. "Climate Clubs: Overcoming Free-Riding in International Climate Policy." American Economic Review, 105 (4): 1339-70.DOI: 10.1257/aer.15000001 Pisani-Ferry, J. (2021) Climate Policy Is Macroeconomic Policy, and the Implications Will Be Significant (Peterson Institute for International Economics), available at Tagliapietra, S. and G.B. Wolff “Form a climate club: United States, European Union and China”, Nature 591, pp 526-528, 2021,

Mehr... Legende Termintypen

 = wöchentlicher Termin , ET = Einzeltermin , AB = A- oder B-Woche , Vo = Vorbesprechung , Ex = Exkursion , Kl = Klausur , Tä, At, Wt = täglicher (Block-)Termin , nV = nach Vereinbarung/nicht festgelegt.  = wöchentlicher Termin (meets weekly) , ET = Einzeltermin (meets one time only) , AB = A- oder B-Woche (alternating: “A” or “B” weeks) , Vo = Vorbesprechung (preliminary meeting) , Ex = Exkursion (excursion/study trip) , Kl = Klausur (exam) , Tä, At, Wt = täglicher (Block-)Termin (meets daily/block seminar) , nV = nach Vereinbarung/nicht festgelegt (by appointment, TBA).

Mehr… Legende Raumbezeichnungen

AMG = AudiMaxGebäude , APS = AlteParteiSchule , FG = Forschungsgebäude , GH = Gartenhaus , GSH = Große Sporthalle , HdProjekte = Haus der Projekte , KSyn = Kleine Synagoge , LG = Lehrgebäude , MG = Mitarbeitergbäude , MTV Halle = Männerturnverein Halle , SH JP = Schwimmhalle Johannesplatz , WBS = Willy Brandt School , ZSG = Zentralschulgarten

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