Welcome to the Full-Time M.Sc. in Climate Change Economics and Policy
The programme aims to provide an integrated understanding of the issues involved in the most talked about policy debate of our times, climate change, from an inter-disciplinary perspective taking economic, legal and political aspects into consideration. It will prepare students with skills required to analyse, synthesise and evaluate key theoretical concepts related to climate change and their practical applications to the energy sector. This will prepare the students for success in this evolving field.
Structure
The M.Sc. is made up of 200 credits as follows:
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60 |
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60 |
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40 |
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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 M.Sc. can be found using the links in the table below:
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Other |
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Compulsory Modules
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 modules from the list below:
Climate Change Economics and Policy (20 credits)
The module aims to provide an in-depth understanding of:
the climate change problem from an economic perspective;
the impacts of climate change on the energy sector and other economic activities;
economic and other instruments to deal with the problem;
policy issues and options to deal with the climate change problem, with a special emphasis on the energy sector.
The module will be interdisciplinary in nature and will be accessible to students of various educational backgrounds.
Energy and Climate Change Law and Policy (20 credits)
On successful completion, a candidate will:
(1) have an understanding of international law relating to climate change obligations
(2) have an understanding of regional mechanisms relating to climate change obligations
(3) have an understanding of the variety of national approaches to climate change mitigation be able to discuss climate change obligations in the context of the legal requirements for mitigation
Energy, Environment and Sustainable Development - Economics and Policy Issues (20 credits)
The aim of this course is to help students to understand: the interactions between energy, environment and the climate; economic and other instruments to deal with energy-environment problems; the role of energy in achieving sustainable development; policy issues and options related to energy, environment, climate change and sustainable development. The course will not require any prior knowledge of economics.
Politics of the Environment and Climate Change (20 credits)
The module aims to enhance students’ understanding of the interplay between the politics and the environment, and climate change governance.
It attempts to address the politics of the environment and climate change in the context of global politics. The key issues under discussion include the core characteristics of environmental problems, the theories that explain the environmental policy-making, the power and institutions behind the policy-making, and the implications of the policy pursued so far by the major economies.
Renewable Energy: Technology, Economics and Policy (20 credits)
The aim of this module is to:
To develop an understanding of renewable energy resources and the numerous technologies that converts it into useful forms.
To develop an understanding of the economic issues of renewable energy research, development and deployment at both private and commercial scale.
To develop an understanding of government and industry policies to encourage the deployment of renewable energy production and use.
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 and compulsory modules above, excluding the Induction Programme they should add up to for the M.Sc. or credits for the Diploma.
The modules below are only a suggestion as to which modules students might be advised to take.
Commodity Trading and Strategic Asset Optimisation in the Energy Industry (10 credits)
The main objective of this course is to help students to understand commercial strategies currently utilized in the energy trading and marketing industry. The module will give a basic introductory overview, and practical applications of the financial and economic theories, and methodologies utilized in real and financial trading activities, options pricing, real options valuation techniques and asset optimization.
Energy Economics the Issues (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand energy issues. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of energy. In addition the course enables the student to become familiar with current issues in the industry.
Energy Economics the Tools (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand energy issues. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of energy. In addition the course enables the student to become familiar with current issues in the industry.
Environmental Law and Policy for Natural Resources and Energy (20 credits)
The course deals with selected issues central to understanding international and national environmental policy and law related to production and consumption of natural resources and power generation. It addresses, in particular, environmental problems arising in connection with production and transportation of petroleum (both on-land and offshore), mining activities, use of nuclear energy, including production of uranium and disposal of radioactive wastes, and use of fossil fuels, including transboundary air pollution and global climate effects. A special emphasis is placed on the solutions for environmental problems provided by various national regulatory systems, in particular British and North American.
Implementation of Climate Change Obligations (20 credits)
On successful completion, a candidate will:
(1) Understand the impact and effect of soft law (international law) obligations relating to climate change and impact on energy sector and energy policy
(2) Understand the enforcement mechanisms of regional and national climate change mitigation schemes
(3) be able to discuss enforcement and implementation of climate change obligations relating to energy
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 Nuclear Politics (20 credits)
The purpose of the course is to provide a detailed introduction to the policy issues raised by the uses of nuclear energy. The course will embrace the historical development of nuclear power and the influence it has had on international relations and institutions; the international negotiations concerning, in particular, non-proliferation of nuclear weapons and efforts at disarmament; nuclear security and terrorism; access to nuclear technology, equipment and material; governance of nuclear trade; nuclear energy and the protection of the environment; nuclear energy in the European Union; the prospects of a nuclear “renaissance”.
Quantitative Methods for Energy Economists I (10 credits)
The main objective of this course is to help students to understand quantitative methods, and forecasting tools currently utilized in the energy industry. The module will give a basic introductory overview, and practical applications of the basic quantitative theories, and methodologies utilized in forecasting.
M.Sc. Candidates
In addition to the Induction Programme plus the core and elective modules, M.Sc. 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 M.Sc. with a PhD may, with the approval of an academic supervisor, submit a 10,000 word PhD proposal in lieu of the Dissertation.
