Chair of Public Finance

    Seminar Public Finance (Master)

    Public Finance Seminar summer term 2022

    The Economics of Climate Change

    (Ökonomik des Klimawandels: Theorie, Empirie und Politik)

    General Organisation and Grading

    Topics are chosen by students who have enrolled in the seminar (via FLIP already in November/December 2021). Depending on the topic students are assigned to a specific advisor who helps to develop and prepare the thesis (25-30 pages). The thesis can be written in German, but its presentation must be in English. The final grade depends on the written thesis and its presentation (50/50). Students who have finally accepted a topic, but do not submit a thesis without a specific excuse have failed the seminar.     

    Time table

    • Mid January: Topics are assigned to enrolled students (Enrollment via FLIP)
    • March 1st: Final acceptance by students
    • April 1st: First meetings with advisor
    • May 1st: Midterm meetings with advisor
    • June 1st: Submission of seminar thesis
    • Mid June: Seminar with presentation of thesis

    The seminar thesis is typically prepared with Word. We encourage to use the following format 

    Formatvorlage Word

    Students, who prepare a more formal oriented thesis may benefit from using LaTeX. In this case we encourage you to use the following format:

    Formatvorlage LaTeX

    These formats also include some guidelines for citation and the reference list. Of course, one could also apply alternative rules of citation, which are listed in the respective literature, i.e.

    Manuel R. Theisen (2000): Wissenschaftliches Arbeiten, 10. Aufl., München.

    In case you need to prepare graphics, we suggest to use Corel Draw or Micrografx Designer which can be downloaded free of charge here. You only need your s-number.  


    You need to submit two printed and bounded versions of your seminar thesis together with a file on an electric storage medium at the office of the chair.


    1. "Global warming and the social cost of carbon"
    • Nordhaus, W. (2017): Revisiting the social cost of carbon, PNAS 114(7), 1518-1523.
    • Pindyck, R.S. (2019): The social cost of carbon revisited, JEnEconMan 94, 140-160.
    • Ricke, K. et al. (2018): Country-level social cost of carbon, Nature Climate Change 8, 895-900.
    • Stiglitz, J.E. (2019): Addressing Climate Change through Price and Non-Price Interventions, NBER Working Paper No. 25939.
    1. "Kyoto, Paris and Glasgow: What can we expect from international environmental agreements?" 
    • Cramton, P.et al. (2015): An international carbon-price commitment promotes
    • cooperation. Economics of Energy & Environmental Policy, 4, 51–64.
    • Cramton, P., et al. (2017): Policy brief—translating the collective climate goal into a common climate commitment. Review of Environmental Economics and Policy, 11, 165–171.
    • Weitzman, M. (2014): JAssERE 1(1/2), 29-49.
    • (2015): EconoEn&Env Policy  4(2), 37-50.
    • (2017): Economica 84 (336), 559-586.
    1. "Theory of global public goods and climate clubs"
    • Nordhaus, W. (2015): AER 105(4), 1339-1370.
    • (2019): AER 109(6), 1991-2014.
    • Buchholz/ Sandner (2021): JEL 
    1. "European climate policy: Emission trading and green deal"
    • Vollebergh, H. und C. Brink(2020): What can we learn from EU ETS? CESifo WP 8236, München.
    1. "Climate policy in Germany: Past and present"
    • Deutsche Bundesregierung (2020): Klimaschutzbericht 2019 zum Aktionsprogramm Klimaschutz 2020 der Bundesregierung. Berlin.
    •  Edenhofer, O., et al. (2019): Optionen für eine CO2-Preisreform (MCC-PIK-Expertise für den Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen              Entwicklung). PIK, Berlin, Potsdam: MCC.
    • Edenhofer, O., et al. (2020): Das Klimaschutzprogramm der Bundesregierung: Eine  
    • Wende der deutschen Klimapolitik? Perspektiven der Wirtschaftspolitik, 21, 4–18.
    1. "Distributional effects of carbon taxation and climate policies"
    • Fischer, C., and W. Pizer (2019): Horizontal equity effects in energy regulation. Journal of the Association of Environmental and Resource Economists, 6, 209-S237.
    • Pizer, W. A., and S. Sexton (2019). The distributional impacts of energy taxes. Review of Environmental Economics and Policy, 13, 104–123.
    1. "Country experiences with carbon taxes"
    • Mideksa, T. (2021): Pricing for a Cooler Planet: An Empirical Analysis of the Effect of Taxing Carbon, CESifo WP.
    • Green, J. F. (2021): Does Carbon Pricing Reduce Emissions? Environmental Research Letters