30 years: Macroeconomist
In this video on the macroeconomics of climate change, Amit Kara touches on the different types of interventions that the government can introduce. The key focus of this video is government policy and understanding how these decisions could be crucial in limiting global warming.
In this video on the macroeconomics of climate change, Amit Kara touches on the different types of interventions that the government can introduce. The key focus of this video is government policy and understanding how these decisions could be crucial in limiting global warming.
The climate crisis is so large and urgent that a single instrument such as a carbon tax, will not by itself achieve the necessary reduction in emissions. If we are to limit global warming to less than 2 degree celsius, governments will need to supplement carbon taxes with ambitious new regulations and other creative measures.
Key learning objectives:
Understand the cap and trade system
Understand the different types of interventions that the government can introduce
This video is now available for free. It is also part of a premium, accredited video course. Sign up for a 14-day free trial to watch more.
Governments have the ability to intervene with a wide range of measures that can be broadly classified into two categories:
In a cap and trade system, the authorities set an emission cap or a limit of the amount of greenhouse gas emissions by all the participants in the system over a period of time. The cap applies to all participating countries and businesses. The cap is then transformed into tradable emission allowances.
The EU emissions trading system is the largest gas emissions trading system in the world and is an example of a cap and trade system. The EU system covers sectors of the economy that are responsible for the bulk of greenhouse gas emissions and this includes power stations, industrial plants and airlines.
This video is now available for free. It is also part of a premium, accredited video course. Sign up for a 14-day free trial to watch more.
There are no available videos from "Amit Kara"