Welcome to the Full-Time LL.M. and Diploma in Energy Law and Policy
Structure
The LL.M. is made up of 200 credits as follows:
Credits |
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20 |
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60 |
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80 |
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40 |
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200 |
The associated Diploma is made up of the Induction Programme plus an additional 120 module credits.
To find out everything you need to know about the programme, please click on the headings above. Additional useful information about the LL.M. can be found using the links in the table below:
Programme |
Finance |
Other |
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Induction Programme (20 credits)
The Induction Programme provides students with vital knowledge and skills before they embark of the main components of CEPMLP's taught Masters and Diploma programmes. CEPMLP students have a wide range of academic and professional backgrounds and the Induction Programme provides each student with a basic introduction to all the main disciplines included in the degrees programmes, namely law, economics, finance and geology. It also provides training in research methods.
Core Modules
Candidates should choose a minimum of 60 credits from the list below:
Downstream Energy Law and Policy (20 credits)
The primary objective of the course is to provide an introduction and background to the way in which legislation and regulation can be used to implement policy decisions in the downstream energy industries. The emphasis is on understanding the way in which policy decisions to restructure the (electricity and gas) industries lead to changes in both legislation and the approach of regulators. The skill is to identify what makes particular approaches successful in particular legal environments. This course is not aimed only at lawyers, but also at those influencing the policy debate who must have an understanding of the implementation of policy changes.
EC Energy, Environmental and Natural Resources Law and Policy (20 credits)
The principal aim of the course is to provide an introduction to the main law and policy issues relating to the energy sector of the EC. An introduction to EC institutions, its legal system and its procedures and origins is provided, with particular reference to energy issues. Particular emphasis is placed upon the policy of increasing energy integration among the 27 Member States, known as the Internal Energy Market, and the possible lessons it may yield for liberalisation in other parts of the world (in addressing problems such as stranded costs, unbundling and third party access, for example). The EU external policy towards non-member countries is also considered as is the growing role of environmental policy in fields such as renewable energy and climate change. The approach does not presuppose any previous knowledge of EC law on the part of the student, but this would be an advantage.
Financial and Project Analysis of Natural Resources and Energy Ventures (20 credits)
The main aim of this course is to introduce students into current methods of financial and project appraisal techniques that relate to natural resources and energy organisations. This is a practical course in which evaluation techniques and concepts are taught, such as discounted cash flow, internal rate of return and pay back period, which are applied to realistic scenarios, leading to the preparation of spreadsheets, their analysis and interpretation of results. The student should be able to recommend the appropriate appraisal techniques to a given business investment along with an appreciation of social and other non-financial features. Taxation and sources of finance are also introduced in this module, but any in-depth analyses of them can only be provided in other courses.
International Developments in Energy Policy (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand energy policy issues. This requires the students to be familiar with the relevant economic analysis the technical dimensions of energy and the policy making process. In addition the course enables the student to become familiar with current issues in energy policy.
International Project Finance (20 credits)
The objective of the course is to provide an understanding of the issues surrounding project finance. The objective is to demonstrate how the concept can be used to fund investment in energy (and infrastructure) projects. The course also looks at how governments might encourage the use of project financing in cases where domestic funding is not sufficient to meet demand.
International Relations and Energy and Natural Resources (20 credits)
The main objective of this course is to help the students to understand the int’l environments and of the interaction between international relations (IR) and energy and natural resources industry. This module, together with International Political Economy, is being introduced in order to provide an important political element to the MBA, LLM and MSc Programmes in general, and to form an important part of the specification of Geopolitics of Energy in particular.
Recommended Elective Modules
Candidates are advised to choose additional modules from what is available on the academic timetable subject to any restrictions that may apply.
Together with the core modules above, excluding the Induction Programme they should add up to 140 for the LL.M. or 120 credits for the Diploma.
LL.M. Candidates
In addition to the Induction Programme plus the core and elective modules, LL.M. candidates are required to complete an additional 40 credits as follows:
The Dissertation: Candidates are required to write a Dissertation of up to 15,000 words on a topic approved by an academic supervisor.
or
An Internship: Candidates are required to source an organisation willing to offer a 3-month work placement, approved by an academic supervisor. The Internship includes the submission of a written report as part of the assessment.
or
An extended PhD Proposal: Candidates who propose to follow up the LL.M. with a PhD may, with the approval of an academic supervisor, submit a 10,000 word PhD proposal in lieu of the Dissertation.
