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Unit 1 Micro: Climate Change Policies - Finding the Right Mix

Monday, April 30, 2012
by Geoff Riley

There are many different market failures when it comes to understanding some of the key environmental problems and challenges of the age. Addressing, attacking and correcting for complex and multiple market failures requires pointing to different policy instruments / interventions. Together can they make a sizeable difference to consumer and business behaviour and lead us away from a “business as usual” approach?

Cutting Greenhouse Gases
Carbon taxes: Video resources on carbon taxes
Cap and trade - emissions trading - The collapsing price of carbon (blog)
Emissions regulations: Sales of low emissions cars soar in the UK (April 2012)
Floors on carbon prices: UK to introduce a carbon price floor (HM Treasury)
Green Investment Bank: UK green investment bank to be set up

Research, development and deployment (RDD)
Tax breaks for research:
Feed-in-tariffs for renewables (a deployment incentive): UK government cuts the solar subsidy (Nov 2011)
Corporate commitments - businesses with clear commitments to improving sustainabiity

Information gaps / asymmetries
Labelling information on cars, household products: Carbon Labelling

Networks:
Smart electricity grids: Smart electricity meters
Low-emissions mass transport services: Air pollution costs lives 
Widespread adoption of broadband technologies
Community insulation schemes - energy bills explained

Regulations
Emissions standards
Fuel efficiency standards
End of product life disposal laws
Recycling targets - what should be done about plastic bags?

Community and stronger institutions
Preventing deforestation - “Winning the war on deforestation”
Low-carbon community projects / experiments

Prezi on environmental economics can be found here

Video resources:

Financial Times, May 2013


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