SLGP7122

Market-Based Instruments (MBIs) play a significant role in the low-carbon economy transition. In addition to ETS (emissions trading system), other MBIs such as carbon taxes and performance-based financing are garnering support in developing countries.  This course provides a detailed examination of carbon trading mechanisms and analyses the political economy of cap-and-trade systems and carbon offset schemes, as well as updates regarding the role of carbon market in global climate negotiations.  Special reference will be given to the policy context of Belt and Road Initiative (BRI) under which a new poly-lateral geopolitical structure is conceived and new economic opportunities and implications for developing nations are discussed.

This course will cover a divers set of perspectives and approaches on the need for climate policies and governance to be driving adaptation, building resilience in physical, environmental and social assets. Examples will be drawn from various parts of the world including North America, Europe and Asia.

Assessment: 100% coursework