Carbon Markets and Carbon Finance (P03385)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : BUS-P-CF

The course aims to provide students with an understanding of the similarities and differences between conventional finance and carbon finance. It will share a practitioner?s knowledge of a very new and rapidly changing market, which is not yet widely documented in the available literature. Students will come away from the course with specific skills in the evaluation of risks and opportunities associated with carbon finance.

Entry Requirements

? Pre-requisites : Only open to MSc Carbon Management and MBA students, and Chevening fellows.

Subject Areas

Home subject area

Common Courses (Business School), (Business School, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 2 (Blocks 3-4)

? Contact Teaching Time : 2 hour(s) per week for 10 weeks

First Class Information

Date	Start	End	Room	Area	Additional Information
12/01/2010	09:00	10:50

All of the following classes

Type	Day	Start	End	Area
Lecture	Tuesday	09:00	10:50	Central

Summary of Intended Learning Outcomes

After completing this course, students should be able to:
- Understand the nature of carbon markets as regulatory mechanisms for climate change mitigation
- Understand the main public policy frameworks behind the major global carbon markets, and have an appreciation for how they may change over time
- Appreciate the relationship between conventional project and corporate finance and carbon finance
- Understand how carbon credits are created and commercialised in the major mandatory and voluntary carbon markets
- Appreciate the regulatory risks associated with carbon credit creation, and the implications for financing emission reduction projects

Cognitive Skills
After completing this course, students should be able to:
- Critically evaluate press coverage of carbon finance issues
- Think analytically about the financial and strategic implications of climate change for business
- Critically evaluate alternative policy approaches to climate change
- Conceptualise key strategic considerations associated with climate change
- Cooperate with others from different professional, educational and cultural backgrounds to produce group analysis and present the results of group work

Subject-Specific Skills
After completing this course, students should be able to:
- Understand new developments in public policy frameworks for carbon markets, and evaluate the implications for businesses involved in financing carbon emission reduction projects
- Develop an understanding of how conventional financing products can be applied to raise finance for carbon emission reduction projects
- Be able to evaluate carbon finance project risks and opportunities, in broad terms
- Be able to understand, speak and write the language of carbon finance