Environmental Economics

I'm teaching a multidisciplinary class today on the economics of climate change*. Here is my outline:

1. Introduction
2. Market failure / negative externality
   • Adaptation
   • Mitigation
3. Benefit-cost analysis
   • Benefits: Social cost of carbon - IAMs
   • Co-benefits
   • Costs
   • Discount rate
   • An example
4. Regulatory Approaches
• Carbon Tax – British Columbia [1, 2], Australia [1, 2], Washington State
• Cap-and-Trade – EU ETS, RGGI, AB32
• Offsets, sequestration
• Subsidies
• Command and Control - Renewable Portfolio Standards [1, 2]
5. Market failure / global public goods
   • International climate agreements
   • Kyoto Protocol
   • Clean Development Mechanism
6. New Developments / other issues
   • CAFE Standards
   • Green jobs
   • Clean Power Plan
   • Lima Accord
   • US / China Climate Accord
   • Keystone XL

What am I missing?

*Note:

"The right wing always suspects you of being a tree-hugging environmentalist and the left wing accuses you of being a money-grubbing capitalist." Source: WSJ.