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FINC420 Climate and Energy Finance

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An examination of climate and energy finance 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 Climate and Energy Finance
Paper code FINC420
Subject Finance
EFTS 0.1667
Points 20 points
Teaching period Semester 1 (On campus)
Domestic Tuition Fees (NZD) $1,113.72
International Tuition Fees (NZD) $5,177.04

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Prerequisite
(BSNS 108 or BSNS 114) and (EMAN 308 or FINC 303)
Notes
An equivalent paper may be substituted for the FINC303 or EMAN308 prerequisite requirement with approval from the Head of Department.
Eligibility
This paper is normally available only for MFinc students.
Contact
accountancyfinance@otago.ac.nz
Teaching staff
Dr Ivan Diaz-Rainey
Paper Structure
Topics:

Context
  • Energy Policy
  • Environmental Policy and Climate Change
Financing energy decarbonisation
  • 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))
Energy/carbon markets and market issues
  • 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
Textbooks

Textbooks are not required for this paper.

Course outline
View the course outline for FINC 420
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

^ Top of page

Timetable

Semester 1

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
A1 Monday 13:00-14:50 9-13, 15-16, 18-22
Wednesday 10:00-11:50 9-13, 15-22

An examination of climate and energy finance 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 Climate and Energy Finance
Paper code FINC420
Subject Finance
EFTS 0.1667
Points 20 points
Teaching period Semester 1 (On campus)
Domestic Tuition Fees Tuition Fees for 2022 have not yet been set
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

^ Top of page

Prerequisite
(BSNS 108 or BSNS 114) and (EMAN 308 or FINC 303)
Notes
An equivalent paper may be substituted for the FINC303 or EMAN308 prerequisite requirement with approval from the Head of Department.
Eligibility
This paper is normally available only for MFinc students.
Contact
accountancyfinance@otago.ac.nz
Teaching staff
Dr Ivan Diaz-Rainey
Paper Structure
Topics:

Context
  • Energy Policy
  • Environmental Policy and Climate Change
Financing energy decarbonisation
  • 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))
Energy/carbon markets and market issues
  • 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
Textbooks

Textbooks are not required for this paper.

Course outline
View the course outline for FINC 420
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

^ Top of page

Timetable

Semester 1

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
A1 Monday 13:00-14:50 9-15, 18-22
Wednesday 10:00-11:50 9-15, 17-22