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Climate Finance (122N1)

15 credits, Level 7 (Masters)

Spring teaching

This module provides a foundation in economic theory for carbon pricing, and a detailed understanding of carbon markets. Initially, we will distinguish between climate finance and sustainable finance, as the latter is a broad category of topics.

The module will explore:

• insights in the practice of carbon market design, its problems and the proposed solutions
• empirical methods for appraising the effectiveness and efficiency of carbon markets as policy instruments for mitigating climate change 
• the investment performance of renewable energy funds, green bonds and green revenues models. 
• data from FTSE green revenue dataset and provide investment solutions
• the role of different participants within emissions trading schemes
• the implications of the Paris Agreement
• the recommendations of IPCC for climate change mitigation
• sustainable finance and climate finance
• environmental policy
• energy finance
• carbon market
• green bonds
• climate risk analysis
• low carbon investment portfolio
• environmental and financial performance
• green revenues data model.

Contact hours and workload

This module is approximately 150 hours of work. This breaks down into about 33 hours of contact time and about 117 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We’re planning to run these modules in the academic year 2024/25. However, there may be changes to these modules in response to feedback, staff availability, student demand or updates to our curriculum.

We’ll make sure to let you know of any material changes to modules at the earliest opportunity.