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Finance and the transition to net zero

Objectives

To understand the economic and financial implications of global societies shifting towards a net zero CO2 emission level. The course will study the economics of innovation, supply side infrastructure, natural resources (and alternatives), capital allocation and demand adjustments. Students will also learn about institutional mechanisms to tackle CO2 emissions and the symbiosis between the public and private sectors. 


General characterization

Code

2676

Credits

3.5

Responsible teacher

Fouad Hashem

Hours

Weekly - Available soon

Total - Available soon

Teaching language

English

Prerequisites

n/a 


Bibliography

https://blogs.adb.org/blog/your-questions-answered-how-do-we-achieve-decarbonization

https://www.mckinsey.com/capabilities/sustainability/our-insights/the-economic-transformation-what-would-change-in-the-net-zero-transition

https://www.oecd.org/publications/a-framework-to-decarbonise-the-economy-4e4d973d-en.htm

https://www.iberdrola.com/about-us/decarbonized-economy-principles-regulatory-actions

https://www.oxfordenergy.org/wpcms/wp-content/uploads/2021/04/Beyond-Energy-Incentivizing-Decarbonization-through-the-Circular-Economy-EL-44.pdf

IMF website: (Oct 2022) NEAR-TERM MACROECONOMIC IMPACT OF DECARBONIZATION POLICIES 


Teaching method

The class will meet twice a week, for one and a half hours per class. The lectures will be traditional, with slide presentations, followed by a discussion. Whenever possible, case studies will be used. At least one class will be given by a guest speaker who is an expert in climate change finance. The purpose of the classes is to enable students to better understand finance and the transition to net zero as the world tackles its carbon emission goals. 

 

Evaluation method

The first part of the exam will consist of 40% of the total and will be an essay (1 question to be answered from a choice of at least 6 questions).

The other part of the exam will consist of 60% of the total marks and will be multiple choice. The multiple choice exam will be 1 hour long with 40 questions.

There will be no exam during the teaching period but students are expected to attend every lecture. 


Subject matter

Measuring climate change targets and designing the best national or pan national strategy. 

Industry structure: for example, energy, steel, automobile, agriculture and cement sectors and their transition under different scenarios (leading to - the development of capital markets to meet industry requirements.) 

The economics of externalities creating a gap between private costs and social costs ? one of the basic challenges in designing a sustainable and realistic policy recommendation. 

Financing the transition - What is the optimal approach to financing the transition?