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