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EYCKMANS J. - Economics of EU Environmental and Climate Change Policy (30h)

The purpose of this course is to provide students with a thorough understanding of mechanisms underlying market failures caused by externalities and public goods. After the diagnosis, several therapies will be reviewed consisting of environmental policy instruments with a focus on price based instruments (emission taxes, subsidies, and tradable permit programs). The theoretical analysis will be complemented with an introduction to the economics of climate change and environmental agreements. After this course, students will understand how theoretical findings are tested and applied in the ‘real world’ by using case studies from the EU Emissions Trading System (ETS), the EU climate policy and the international climate change negotiations.

For more information, please consult the ECTS Card.