MSc Environmental Economics and Climate Change

The London School of Economics and Political Science (United Kingdom)

Environmental economics is playing an increasingly central role in both understanding the causes of, and designing policy solutions to, contemporary environmental problems. Nowhere is this more apparent than in the case of human-induced climate change. Amongst others, economic analyses have been used to determine the net costs/benefits of different policy scenarios, to better understand how to achieve and sustain international cooperation, and to evaluate the efficiency of different environmental policy instruments. Environmental economics has been instrumental in informing policy across the world, for example, in market creation such as for carbon, or the design of new interventions such as payments for ecosystem services (PES). In these, and across a wide range of other issues, from biodiversity and ecosystem loss, air pollution, to, more broadly, the link between the environment and sustainable economic development, the theory and applied tools of environmental economics are uniquely placed to inform and guide decision-makers in addressing environmental challenges.