Climate Policies and Carbon Markets (ESG511)

This course ESG511 Climate Policies and Carbon Markets explains climate policies across the world and examines how carbon market mechanisms, namely, carbon emissions trading schemes, carbon tax and carbon credits, are designed, developed and implemented in various countries. It also provides a critical review and comparison of these carbon market mechanisms, and discusses their challenges and limitations, as well as impact on the environment, economy, enterprises and the society at large.

• Climate change: target, mitigation and resilience
• GHG measurement and climate strategy
• Decarbonisation by climate-tech pathways
• Carbon tax: development status, challenges, and impact analysis
• Emissions trading system: effectiveness and challenges
• Carbon credits: sources, standards, trading and challenges
• Business responses to carbon policies
• Government to Government trade under Article 6
• Carbon project development and implementation
• Transition finance, green bonds and impact funds
• Building carbon portfolios with risk management
• Emerging carbon tokens, ratings and insurance

• Compare the use of carbon tax and carbon emissions trading schemes across countries to identify opportunities and challenges of policy making.
• Assess the effectiveness of business responses to policy and the efforts of project developers to decarbonise with new technology pathways.
• Appraise voluntary carbon credits, international carbon standards and new risk management solutions in global carbon markets.
• Criticise global climate policies based on data and facts.
• Evaluate the advantages and disadvantages of the carbon ETS, carbon tax and carbon credits.
• Formulate decarbonisation strategies to respond to the carbon policy in the country where the business is operating.