ENE467 Energy and Climate Policy
The course consists of lectures and answers to questions based on the lectures. These will be both analytical and simple modeling or estimation exercises to be solved in Excel.
The following topics will be covered:
- Fossil fuels, CO2 emissions and economic growth in a historical perspective
- The trade-off: Economic growth versus reductions in CO2 emissions
- Renewable energy versus fossil fuels
- Near term costs versus long term benefits: the role of the discount rate
- Climate change in a historical perspective
Knowledge - upon successful completion the student knows
- Development of fossil fuels and CO2 emissions in a historical perspective
- Recent developments in renewable energy
- The interdependence of economic growth and energy use, especially for developing countries
- How to evaluate long term future benefits and compare them to immediate costs
- How climate has varied in a historical perspective
Skills - upon successful completion the student
- Will be able to discuss issues of climate change in relation to energy requirements, especially of developing countries
- Knows about the importance of fossil fuels for economic development
- Is better informed about the potential and limits of renewable energy
- Is able to support arguments by simple analytical and numerical models
General competences - upon successful completion the student will have improved his/her
- Analytical skills
- Ability to formulate and solve simple numerical models to deal with practical issues
One week long intensive course with lectures and solution of exercises.
It will be possible to follow the course digitally.
Knowledge of basic calculus, basic statistics and simple modeling in Excel.
Credit reduction due to overlap
Overlapp med ECN420 Petroleum Economics
Requirements for course approval
Satisfactory answers to analytical and modeling questions.
Written assignment. Students can deliver answers individually or in groups of maximum five.
Lecture notes are meant to be largely sufficient, but supplementary literature will be provided.
- ECTS Credits
- Teaching language
Spring. Offered Spring 2021 (first week of the semester).
Professor Rögnvaldur Hannesson, Department of Business and Management Science