Syllabus

Title
6092 Elective - Environmental Economics I
Instructors
Irene Monasterolo, Ph.D.
Contact details
Irene Monasterolo: irenemon@bu.edu
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
02/24/17 to 03/12/17
Registration via LPIS
Notes to the course
Dates
Day Date Time Room
Tuesday 03/14/17 09:00 AM - 01:00 PM TC.5.16
Tuesday 03/21/17 09:00 AM - 01:00 PM TC.5.16
Tuesday 03/28/17 09:00 AM - 01:00 PM TC.5.16
Tuesday 04/04/17 09:00 AM - 01:00 PM TC.5.16
Tuesday 05/02/17 09:00 AM - 01:00 PM TC.5.16
Tuesday 05/09/17 09:00 AM - 01:00 PM D4.0.022
Contents

The course will cover the fundamental concepts that withstand the relation between the environment and the economy, and will provide students with a wide knowledge of the range of economic, social and cultural visions governing sustainability.

In particular, the course will focus on:

-    What is sustainability? The Limits to Growth, Planetary Boundaries, carbon footprint

-    Climate change physical risk, global and regional impacts

-    Climate mitigation and adaptation policies: from “Our common future” to COP22

-    Climate change and development: the Sustainable Development Goals’ promise for sustainable and inclusive development and the role of development banks

-    Climate change governance and the network map of climate-finance actors

-    Circular economy and the food-energy-water nexus: focus on climate-smart agriculture.


Learning outcomes

Students will acquire basic notions of the concepts that shape the discussion about sustainability and climate change in the European Union and in the international agenda. In particular, at the end of the course students will be able to elaborate on (i) what is climate change and its impacts on socio-economic development and on the environment; (ii) climate mitigation and adaptation policies and why countries disagree about a common agenda: (iii) who are the key player in the climate-finance arena, why and how they could benefit or lose from climate policies; the interdependencies and feedback loops that characterize natural resources in the food-energy-water nexus; best practices on climate smart agricultural practices in low income and transition countries.

Teaching/learning method(s)

Face to face teaching; working groups; in-room online database analysis; in-room on line surveys; in-room analysis of the literature.

Assessment and grading:

Students will be evaluated as it follows (in brackets the weight on the final exam’s score):

-    In class mid-term exam (25%)

-    Presentations and in-class participation (10%)

-    Working group report (25%) and references (5%).

-    In class final exam (35%)


Assessment

-    Attend the lectures (80% attendance is mandatory as per university requirements)

-    Prepare themselves beforehand by reading the assigned readings

-    Actively participate in discussions and assignments in class

-    Work in groups in a collaborative manner


Unit details
Unit Date Contents
1 14.03.2017

The evolution of the multidimensional concept of sustainability through time and space.

The “Limits to Growth”: is its message still relevant?

“Planetary Boundaries”, the “Anthropocene” and carbon footprint: the impact of human activities on the Planet.

Bibliography for the lecture:

-    Meadows, D.H., Meadows, D.H., Randers, J. and Behrens III, W.W., 1972. The limits to growth: a report to the club of Rome (1972). Universe Books, New York (selected readings)

-    Randers, J., 2012. 2052: A global forecast for the next forty years. Chelsea Green Publishing (selected readings)

-    Rockström, J., Steffen, W., Noone, K., Persson, Å., Chapin III, F.S., Lambin, E., Lenton, T., Scheffer, M., Folke, C., Schellnhuber, H.J. and Nykvist, B., 2009. Planetary boundaries: exploring the safe operating space for humanity. Ecology and society, 14(2).

-    WWF’s Living Planet Report 2016: http://wwf.panda.org/about_our_earth/all_publications/lpr_2016/


2 21.03.2017

Climate change and physical risk (hazards).

Global and regional impacts of climate change. Scenarios’ uncertainty and why we disagree about climate change.

Who contributes the most to climate change and why?

Bibliography for the lecture:

-    Stocker, T.F., Qin, D., Plattner, G.K., Tignor, M., Allen, S.K., Boschung, J., Nauels, A., Xia, Y., Bex, B. and Midgley, B.M., 2013. IPCC, 2013: climate change 2013: the physical science basis. Contribution of working group I to the fifth assessment report of the intergovernmental panel on climate change (selected readings)

-    Mann, M.E., 2013. The hockey stick and the climate wars: Dispatches from the front lines. Columbia University Press (selected readings)

-    IPCC (2014) Fifth Assessment Report (AR5). Contribution of working group II to the fourth assessment report of the Intergovernmental Panel on Climate Change (selected readings).

-    OECD/IEA (2015) Medium-Term Renewable Energy Market Report 2015. Market Analysis and Forecasts to 2020.


3 28.03.2017

Climate change mitigation policies: Carbon tax, Emission Trading System, Fiscal measures

EU2030 Framework for climate and energy and the US Clean Power Plan

Climate change adaptation policies: building resilience to climate change

The COP21 Paris agreement and the Intended Nationally Determined Contributions.

Bibliography for the lecture:

-    UNFCCC (2009). Fact sheet: The need for mitigation, (available at: https://unfccc.int/files/press/backgrounders/application/pdf/press_factsh_mitigation.pdf ).

-    EU2030 Framework for climate and energy: https://ec.europa.eu/energy/en/topics/energy-strategy/2030-energy-strategy

-    EPA’s US Clean Power Plan: https://www.epa.gov/cleanpowerplan/clean-power-plan-existing-power-plants

-    Asian Development Bank (2013) Building Resilience to Climate Change: Adaptation Technical Resource. Manila, Philippines (selected readings)

-    COP21 Paris Agreement: http://unfccc.int/paris_agreement/items/9485.php


4 04.04.2017

Climate change interaction with global development policies;

From the Millennium Development Goals to the Sustainable Development Goals;

The role of development banks for sustainable and inclusive development.

Bibliography for the lecture:

Sachs, J. et al. (2005) “Why the Goals are important”: http://www.unmillenniumproject.org/documents/overviewEng1-23LowRes.pdf

2030 Sustainable Development Agenda: http://www.un.org/sustainabledevelopment/development-agenda/

World Bank. 2015. 2015 Sustainability Review. Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/22723 License: CC BY 3.0 IGO (selected readings)

New Climate Economy (2016) THE SUSTAINABLE INFRASTRUCTURE IMPERATIVE Financing for Better Growth and Development. THE 2016 NEW CLIMATE ECONOMY REPORT.


5 02.05.2017

Climate change governance: positions of private, public actors and civil society (NGOs) on climate change and how to tackle it;

Network map of climate-finance actors in the European Union: who stands to win or lose in the climate-finance casino’?

Bibliography for the lecture:

2degrees investing initiative (2015) Financial risk and the transition to a low carbon economy. Working paper, July 2015

Battiston S, Mandel A, Monasterolo I, Schuetze F and Visentin G (2016) A Climate Stress-Test of the EU Financial System. Available at SSRN 2726076

Inter-American Development Bank (2015) Stranded Assets and Multilateral Development Banks, Washington, DC

Leaton (2014) Unburnable Carbon. http://www.carbontracker.org/wp- content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf Accessed 3 May 2016

Stern (2016) The criticality of the next 10 years - Delivering the Global Agenda and Building http://www.lse.ac.uk/GranthamInstitute/wp-content/uploads/2016/10/The-criticality-of-the-next-ten-years.pdf Accessed on 5 January 2017


6 09.05.2017

Circular economy: opportunities and challenge

Disentangling the food-energy-water nexus

Climate-smart agriculture: how to reconcile agriculture with the environment

Bibliography for the lecture:

CGIAR (2014) Why do we need climate-smart agriculture? https://ccafs.cgiar.org/climate-smart-agriculture-0#.WJeE2VMrLX4

European Environmental Agency (2016) Circular economy in Europe: Developing the knowledge base. EEA Report No 2/2016. Available at http://www.eea.europa.eu/publications/circular-economy-in-europe

FAO (2010) “Climate-Smart” Agriculture: Policies, Practices and Financing for Food Security, Adaptation and Mitigation.

http://www.fao.org/docrep/013/i1881e/i1881e00.pdf

Howarth C., Monasterolo I. (2016). Understanding barriers to decision making in the energy-food-water nexus: The added value of interdisciplinary approaches. In Environmental Science & Policy Journal, Volume 61, July 2016, Pages 53–60.


Last edited: 2017-02-21



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