Market based system for reducing greenhouse gas emissions – preliminaries, basic economics of externalities; Determine the desired reduction in emissions/price of carbon - modeling costs, the important role of discounting, Important Role of Uncertainty; World policy experience - cap-and-trade policies, the international context, ethanol policy and the challenge of land use, electricity generation.
Text/Reference Books:
- Climate Change synthesis report (2007), IPCC
- Climate Change 2014: Impacts, Adaptation and Vulnerability, IPCC
- Climate Change 2013: The Physical Science Basis, IPCC
- Kevin E Trenberth: Climate System Modeling, Cambridge University Press
- Kendal McGuffie, Ann Henderson-Sellers: A Climate Modeling Premier, Wiley
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