Law and Economics of Climate Change
This course will provide students with advanced and specialized knowledge of the evolution and architecture of the international climate regime, including the 1992 United National Framework Convention on Climate Change, 1997 Kyoto Protocol, 2009 Copenhagen Accord and 2015 Paris Agreement. Special attention will be paid to the new framework for international collaboration under the 2015 Paris Agreement. The course will also critically assess Environmental Economics theory and its application to climate change policy. A special focus will be put on the use of market-based policy approaches such as environmental taxes and emissions trading. Based on the law and economics background, students will examine and evaluate differing approaches to domestic implementation of international obligations on climate change through case studies on Australian, EU and North American efforts at carbon pricing. Students will also be exposed to a range of controversial debates, reflecting the highly politicised nature of international Climate Change law, and learn about the political barriers to sustainable climate policy.
|Faculty||Faculty of Business and Law|
|School||Newcastle Law School|
Trimester 3 - 2018
On successful completion of this course, students will be able to:
The topics in this course include:
1. Introduction to Climate Change Science.
2. Evolution and architecture of the International Climate Change Regime.
3. A new paradigm of international cooperation: The Paris Agreement.
4. Climate Change Litigation.
5. How Markets Function and Fail: The Theory of Externalities.
6. What Prices can do to Save the Global Climate: The Standard-Price-Approach.
7. Designing Sustainable Carbon Markets.
8. Why Politics Resist Markets: The Political Economy of Market-based Climate Policy.
9. Case Study: Climate Law and Policy in Australia.
10. Case Study: Climate Law and Policy in the EU.
11. Case Study: Climate Policy in the US.
12. The Political Economy of Carbon Pricing: A cross-country comparison.
Online 36 hour(s) per Term Full Term
|Timetable||2017 Course Timetables for LAWS6038|