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Spring 2011 - 61905 - PA188G - Topics in Global Policy Studies

Carbon Finance

Instructor(s): Gamkhar, Shama
Unique Number: 61905
Day & Time: Th 2:00 - 5:00 pm
Room: SRH 3.355
Waitlist Information:For LBJ Students: UT Waitlist Information
Section Description
The focus of this course is on carbon finance contributed by governments and companies in developed countries to purchase project-based greenhouse gas emission reductions in developing countries and countries with economies in transition. The emission reductions are purchased through privately negotiated contracts approved by the United Nations Framework Convention on Climate Change (UNFCCC) and within the framework provided by the Kyoto Protocol's Clean Development Mechanism (CDM). Carbon finance (CDM) provides a means of leveraging new private and public investment into projects that reduce greenhouse gas emissions, thereby mitigating climate change while contributing to sustainable development in developing and emerging economies. The projects financed range from urban and rural electrification, renewable energy, energy efficiency, urban infrastructure, waste management, pollution abatement, forestry, and water resource management. 
 
We will examine the trends and the distribution of CDM project globally, but then focus on the problems in the outlier countries: the efficiency in meeting Kyoto objectives in India and China, and the barriers inhibiting CDM investments in Africa.  
 
The course format will primarily be a combination of lectures, discussions and student- presentations. A few guest speakers will be invited to speak on topical issues related to the course materials. The assignments will include a group-based case study and individual short memos. Students will be given flexibility in selecting a relevant country of their interest in the case study.

Course will be taught from 4/7 through 5/5/2011