This course applies economic tools to understand the rationale, design, and evaluation of public policies focused on energy and environmental problems. The course examines the efficacy, welfare, and distributional impacts of an array of policy approaches, including carbon pricing, subsidies for energy efficiency and renewable power, cap-and-trade programs for conventional air pollutants, fossil fuel subsidies, clean energy research and development, fuel economy standards, information programs, and multilateral climate and energy policy governance.

Prerequisites: API-101 and API-201, or equivalents.