ECON 152: Economics of Climate Change — Session 1
Clark University, Department of Economics
2026-08-21
Two different things are being added together. Which one is still growing?
Our World in Data, based on the Global Carbon Budget.
The global total is flat-ish. The regional composition is not.
Our World in Data, based on the Global Carbon Budget.
Add and remove countries in the chart itself — the entity selector is live.
Our World in Data, based on the Global Carbon Budget.
Coal, oil, gas, cement, flaring. Which fuel would a carbon tax hit hardest?
Our World in Data, based on the Global Carbon Budget.
Shares, not levels. A country can cut emissions and still gain share.
Our World in Data, based on the Global Carbon Budget.
Same data as before, divided by population. The country ranking changes completely.
Our World in Data, based on the Global Carbon Budget.
CO2 is a stock pollutant. What warms the planet is the integral, not this year’s flow.
Our World in Data, based on the Global Carbon Budget.
This is the chart that international negotiations argue about.
Our World in Data, based on the Global Carbon Budget.
Compare against the annual-by-region chart. Historic responsibility vs. current flows.
Our World in Data, based on the Global Carbon Budget.
Emissions rise with income. Is that a law of nature or a policy choice?
Our World in Data, based on the Global Carbon Budget and the Maddison Project Database.
CO2 per dollar of output. Falling everywhere — but fast enough?
Our World in Data, based on the Global Carbon Budget and the Maddison Project Database.
Both indexed to a base year. Where the lines separate, growth and emissions came apart.
Our World in Data, based on the Global Carbon Budget and the Maddison Project Database.
Where the smokestack is, vs. who bought the output. We return to this in Part V.
Our World in Data, based on the Global Carbon Budget.
Positive = net importer of embodied CO2. Evidence on carbon leakage starts here.
Our World in Data, based on the Global Carbon Budget.
How much of world emissions crosses a border before it is consumed.
Our World in Data, based on the Global Carbon Budget.
The same trade flows, per person. Who is outsourcing emissions, and how much?
Our World in Data, based on the Global Carbon Budget.
Redo the income–emissions relationship on a consumption basis. Does it get steeper?
Our World in Data, based on the Global Carbon Budget and the Maddison Project Database.
“Cut emissions” means cutting something specific. What, exactly?
Our World in Data, based on Climate Watch and the UNFCCC.
The same breakdown as a stacked area. Energy dominates; agriculture and industry are not small.
Our World in Data, based on Climate Watch and the UNFCCC.
CO2 only. Compare against the all-gas version — which sectors shrink?
Our World in Data, based on Climate Watch and the UNFCCC.
Agriculture and waste, not power plants. A different policy problem entirely.
Our World in Data, based on Climate Watch and the UNFCCC.
Overwhelmingly agricultural. Fertiliser use is the margin here.
Our World in Data, based on Climate Watch and the UNFCCC.
Sectoral emissions per person. Where would a per-capita target actually bind?
Our World in Data, based on Climate Watch and the UNFCCC.
Transport is a small share. What does this imply about “buy local” as climate policy?
Our World in Data, based on Poore & Nemecek (2018).
CO2-equivalent, all gases. Methane and N2O are included here.
Our World in Data, based on Climate Watch and Jones et al. (2024).
Per-capita, all gases. Compare with the CO2-only per-capita chart.
Our World in Data, based on Climate Watch and Jones et al. (2024).
From emissions to degrees — the link the Social Cost of Carbon has to price.
Our World in Data, based on Jones et al. (2024).
The outcome variable. Everything else in this course is about bending this line.
Our World in Data, based on HadCRUT5, NASA GISTEMP, NOAA, and Berkeley Earth.
Switch to the Map tab. Warming is not distributed evenly — and neither are the damages.
Our World in Data, based on Berkeley Earth.
Every month against its own 1991–2020 baseline. The recent months sit off the top of the historical range.
Our World in Data, based on Berkeley Earth.
Pick a country. This is the resolution at which people actually experience the change.
Our World in Data, based on Berkeley Earth.
The seasonal cycle, one line per year. Recent years stack at the top.
Our World in Data, based on Berkeley Earth.
What the world actually charges for a tonne of CO2. Compare to SCC estimates in Part III.
Our World in Data, based on the World Bank Carbon Pricing Dashboard.
Every figure is a live Our World in Data chart, not a screenshot:
All data: Our World in Data, ourworldindata.org/co2-emissions, licensed CC BY. Sources: Global Carbon Budget, Climate Watch, Jones et al. (2024), Maddison Project Database, World Bank.
The charts require an internet connection at presentation time.