Module 1

Module 1: Introduction to Energy Transition (7.5 hours)

1. Introduction to traditional sources of energy and their contribution to emission.
2. Challenges to Energy Transition.
3. Energy Transition and Geopolitics.
4. Economic Theories on Imperfect Markets.

Module 2

Module 2: Energy Economics (7.5 hours)

1. Foundations of Energy Economics.
2. Introduction to Energy Markets.
3. Renewable Sources of Energy and Nuclear Energy.
4. Overview of Energy Accounting.
5. Merit Order Model and Levelized Cost of Energy Calculation (LCOE) Model.
6. Economics and Politics of Energy Prices.

Module 3

Module 3: Decarbonization (7.5 hours)

1. Introduction to Decarbonization.
2. Carbon Pricing.
3. Carbon Emission Trading.

Module 4

Module 4: Green Finance (7.5 hours)

1. Introduction to Climate Finance.
2. Green Finance and Green Bonds.
3. Financing energy transition.
4. Reporting on Emissions and ESG activities.

Course Description

With the intensifying climate crisis, it has become imperative for industries and institutions to formulate policies to transit to more sustainable energy sources. The major hurdle faced in this initiative is the economic consequences and financing of such initiatives. Therefore, future managers must learn about energy transition’s role in business. This course will help the students develop an understanding of the energy transition along with its various dynamics. They will learn about energy transition, the costs associated with it, and the methods to select the energy sources to move to.

Course Outcomes& Learning levels

1. To be able to develop basic concepts relating to Energy Transition (Analyze).
2. To be able to apply energy solutions (Apply).
3. To be able to understand the financing of energy transition (Apply).
4. To be able to implement decarbonization policies (Apply).

Evaluation Pattern

* Based on assignments / Tests / Quizzes / Case Studies / Projects / Term paper / Field visit report.

Text Book:

1. Energy Finance Analysis and Valuation, Risk Management, and the Future of Energy, (Robert W. Kolb Series) Betty Simkins, Russell Simkins, Wiley (2013) (Textbook)
2. Carbon Finance_ The Financial Implications of Climate Change, Sonia Labatt, Rodney R. White, Wiley (2007) (Textbook)
3. OECD: Green Investment Banks: Scaling up private investment in low-carbon, climate-resilient infrastructure (Reference Book)
4. Energy Transition – Financing Consumer Co-Ownership in Renewables, Jens Lowitzsch, Springer (2019) (Reference book)