La science économique au service de la société

CLIMATE CHANGE - The social cost of carbon, impacts, risk, and adaptation policies

June 10 to June 14, 2024

PNG - 458.8 ko

This program is sponsored by PSE’s For a successful Energy Transition Chair.

This program introduces participants to cutting-edge research on the topic of climate change and familiarizes them with the relevant methods to analyze it (econometric analysis and theoretical modelling). The main questions we cover are the following. How is the social cost of carbon calculated for regulatory purposes ? How can uncertainty and inequalities be integrated in climate policy ? What are the drivers of deforestation and how can policies reconcile effective carbon sequestration and distributive effects ? By what means can individuals and groups insure against the risks of climate change and natural disasters, and how do public adaptation investments interact with private incentives ?

Ambitions :

The program on Climate Change introduces participants to cutting-edge research on the topic and familiarizes them with state-of-the-art methods to analyze the issue. The objective of the course is to equip the participants with the background and tools that are needed to contribute to this dynamic field in terms of research and policy design and evaluation.

« This one-week program gave me a different perspective on the topic and provided me with a better overall perception. It is a huge plus for research purpose. » Nathan, 2019

Prerequisites :

Intermediate knowledge of Environmental Economics (master or very strong undergraduate). Knowledge of modern econometric methods is also required.

Main concepts/theories/softwares… learned during the program :

  • Definition and measurement of the social cost of carbon
  • Econometric methods to evaluate economic impacts
  • The role of trade in mitigating or exacerbating the impacts of natural disasters/climate change
  • Models linking climate change to migration

Skills acquired thanks to the program :

  • How to use weather data to evaluate the impacts of a changing climate on the economy
  • Deep understanding of the econometric methods used to evaluate the impacts of climate change
  • How to model risk and the intertemporal trade-offs related to climate change
  • How to approach the modelling of forest change

How will MA and PhD students benefit from this program :

It offers a cutting-edge review of the field (with a relatively large selection of topics, depending on each professor) and allows them to identify the frontier on which they will be able to base their own research.

« Thanks to the PSE Summer School I met people with whom I still keep in touch and introduced me to an important literature. » Kristina, 2018

How will professionals benefit from this program :

It presents them with the current state of the art in economic research on climate change and environmental policies, makes important points that should be useful for professionals working with policy (about the efficiency of some specific instruments), and reviews the up-to-date techniques that are now used to do research on this topic (to allow professionals to read and discriminate between good research and less interesting analysis).

Two modes of participation are offered for the 2024 Edition :

  • In person, taking into account the highest sanitary measures to protect the participants and professors. On site, our parisian campus offers teaching and logistics space : classrooms, teaching theater, garden, coffee and lunch breaks facilities...
  • Online, proposing interactive lectures in real time and, beyond, online office hours with professors to facilitate interactions. PSE offers technologies and process that will ensure high quality communication for online participants, both with professors and with other participants.
  • For all the participants, full sets of lecture notes and presentations will be made available, as well as the recordings of the courses.
  • This program is equivalent to 3 ECTS credits, which PSE validates.

Contents - Climate change :