Module Learning Objectives and Skill Acquisition
This module consists in three parts. The first deals with basic concepts in energy economics as the distribution of sources and consumption patterns at the geographical level, the analysis of demand and supply of different energy sources and the use of energy by sectors. World energy outlook scenarios are investigated under the lens of scenario building approaches. The second part allows students gathering main analytical tools to consider jointly energy issues and climate change impacts and policies. The economic analysis of policy impacts over the long term and burden sharing issues in the international bargaining process are also analysed. The third part provides elements of the three pillars forming the EU long-term energy strategy, with emphasis on clean energy technologies, emission trading scheme and green finance.
Application are due by: 3rd February 2022
Detailed Teaching Agenda
Part I: Energy economics, markets and outlooks
| Lecture topic | Lecturer | Hours |
| Introduction to the energy markets, composition of the energy mix | Costantini | 2 |
| Global energy markets, outlook and scenario building | Costantini | 2 |
| Energy security, energy efficiency, energy poverty | Costantini | 2 |
| The EU Energy strategy: targets and policy instruments | Costantini | 2 |
| Energy price and tax mechanisms | Costantini | 2 |
Part II: Climate policy, adaptation and mitigation options
| Lecture topic | Lecturer | Hours |
| Climate change impacts and economic damage | Costantini | 2 |
| The climate-conflict nexus from a georeferenced impact analysis | Costantini | 2 |
| Adaptation and mitigation options | Costantini | 2 |
| The linkages between mitigation and economic performance | Costantini | 2 |
| Scenario building and policy impact evaluation with a dynamic CGE model | Costantini | 2 |
Part III: Eco-innovation, technical change and green finance
| Lecture topic | Lecturer | Hours |
| Clean energy technologies (CETs): taxonomy in the energy balance | Costantini | 2 |
| Public policy support for CETs development and deployment | Costantini | 2 |
| ETS and carbon markets | Costantini | 2 |
| Green finance: economic impact of climate risks | Costantini | 2 |
| Green finance: financial instruments and policies | Costantini | 2 |
Teaching material
Teaching material is available to students in a dedicated Dropbox folder divided into three folders, one for each module. A dedicated folder contains datasets for empirical replications.
Assessment and grading
The assessment is based on a common discussion of an empirical case study presented during the course. Students final grades are based on active participation at the discussion and on their contribution to the construction of the narrative of the case study.
ECTS: 3
Hours of lecture: 30