Environmental economics is playing an increasingly central role in both understanding the causes of, and designing policy solutions to, contemporary environmental problems. Nowhere is this more apparent than in the case of human-induced climate change. Economic analyses have been used to determine the net costs/benefits of different policy scenarios, to better understand how to achieve and sustain international co-operation, and to evaluate the efficiency of different environmental policy instruments.
Environmental economics has been instrumental in informing policy across the world: in market creation (such as for carbon), or the design of new interventions (such as payments for ecosystem services (PES)). In these, and across a wide range of other issues, from biodiversity and ecosystem loss, air pollution and the link between the environment and sustainable economic development, the theory and applied tools of environmental economics are uniquely placed to inform and guide decision-makers in addressing environmental challenges.
As a world-leading specialist MSc, the Environmental Economics and Climate Change programme at LSE enables students to develop an important set of skills with practical applications, including:
A strong understanding of environmental and resource economics, its conceptual foundations and practical tools of analysis, including state-of-the-art quantitative methods
An ability to apply economic concepts and quantitative methods to the analysis, appraisal and valuation of a wide range of environmental problems and policies
An awareness of the importance of context, both from an institutional and policy perspective, when applying the concepts and tools of environmental economics
An in-depth understanding of climate change, including its scientific, economic and political dimensions
The programme is taught and run by one of the largest international groupings of environmental economists in any academic institution. Teaching staff are based within the LSE's Department of Geography & Environment as well as the Grantham Research Institute on Climate Change and the Environment.
Details of course options can be found in the programme listing in the LSE graduate prospectus.
The continuing rise in the application of economics to environmental policy-making has created increased demand for individuals with state-of-the-art training in environmental, natural resource and climate change economics, and an ability to apply economic tools to the analysis of a wide range of environmental problems and policy. As a result, there are numerous career opportunities for those who have trained as professional environmental economists. Our graduates have gone on to work in a variety of roles in government, international organisations, industry, NGOs, consultancy and research.
The MSc Environmental Economics & Climate Change is invaluable to those preparing for - or already engaged in - a career in a specialised area relating to climate change economics, and more broadly to any aspect of environmental and resource economics.
For detailed entry requirements and fees information please visit the programme listing in the LSE graduate prospectus.
Graduates of the Department have excellent career prospects. The most recent data, for 2011/12, shows that 6 months after graduation Department of Geography & Environment MSc students achieved an average starting salary of £28,429, with 88% engaged in employment or further education. LSE produces outstanding graduates, and you can be sure that choosing to study with us will shape your future.
Statistics taken from the DLHE (Destinations of Leavers from Higher Education) survey, overseen by the Higher Education Statistics Agency for the UK Government and sample at least 80% of UK graduates and at least 50% of non-UK graduates.