This is a masters level course in environmental challenges and how they affect the firm, with some emphasis on climate change. It is about sustainability. It goes beyond introductory environmental economics (and the bachelor course FOR15) in part in techniques and depth, in part in emphasis on climate change and focus on cooperation and game theory. Climate change is special amongst environmental problems in being global, intergenerational, and involving new science.
Advancements take the following shapes, all led from a practical angle of how environmental concerns affect and are relevant from the viewpoint of firms. A firm will ask how environmental and climate change affects it directly as well as its stakeholder (owners, employees, customers, suppliers), and perhaps more importantly how environmental and climate policies affect these. Apart from the special emphasis on the economics of cooperation using game theory, and the intergenerational cost benefit analysis, advancements are in the direction of modern theory: incentives, and in the directions of political economy and institutions.
A fairly recent development both in practice and in the literature is the role of environmental concerns and risks (or broader: Environment, Social and Governance: ESG) in finance, as when stock funds offer and investors want to be invested in ESG stock funds, or green bonds.
An ethical dimension: say individuals or groups or concerns that are poorly represented, endowed or otherwise marginalized (unborn, say) is an important part of this study. Also: do - or should - firms and individuals care about such aspects of their decisions as sustainability, or carbon footprint? If so: how? consequences? What is the role, if any, of owners and investors?
Literature is partly from Kolstad's book Environmental Economics, partly from Scott Barrett's book Environmental Statecraft, and also journal articles.