Introduction to energy and carbon finance/markets, placed in their broader energy and environmental policy context.
How can energy system decarbonisation be financed, and how effectively and efficiently are energy and carbon markets functioning? The paper provides a research-led addition to our MFinc programme in an emerging field.
|Paper title||Energy and Carbon Finance|
|Teaching period||Second Semester|
|Domestic Tuition Fees (NZD)||$1,058.71|
|International Tuition Fees (NZD)||$4,692.94|
- (BSNS 108 or BSNS 114) and (FINC 303 or EMAN 308)
- An equivalent paper may be substituted for the FINC 303 or EMAN 308 prerequisite requirement with approval from the Head of Department.
- Not required
- Course outline
- View the course outline for FINC 420
- This paper is normally available only for MFinc students.
- More information link
- View more informaiton on the Department of Accountancy and Finance's website
- Teaching staff
- Dr Ivan Diaz-Rainey
- Paper Structure
- Energy Policy
- Environmental Policy and Climate Change
- Clean energy finance (financing research and development, FITs vs GCM, carbon credits)
- Investment appraisal of energy technologies: levelised cost of energy (LCOE)
- Project finance (general introduction and energy specific) (Case 1)
- Carbon project finance (e.g. clean development mechanism (CDM))
- Carbon markets (New Zealand Emissions Trading Scheme (NZ ETS) and EU ETS)
- Energy markets, speculation debate (Essay) and regulation of energy markets
- Electricity markets
- Stranded assets and financial risks from climate change
- Investment analysis of energy companies (valuation: Case 2)
- Teaching Arrangements
- Two 2-hour lectures per week for 13 weeks
- Written assignments; essays and two case studies
- Final exam
- Graduate Attributes Emphasised
- Communication, Critical Thinking, Self-Motivation, Research.
View more information about Otago's graduate attributes.
- Learning Outcomes
- Students who successfully complete the paper will:
- Understand the complex interrelationships between finance and energy/environmental policy
- Gain an understanding of how energy and carbon markets function
- Be able to use finance techniques and theory to make energy finance/investment decisions
- Explore the latest methods and approaches for doing empirical research in energy and carbon finance