Postgraduate Course: Carbon Markets and Carbon Finance (MSc) (CMSE11134)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Credits | 15 |
| Home subject area | Common Courses (Management School) |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| Course description | The global carbon market was worth $118 billion in 2008 and could reach $þ2 trillion by 2020 (Point Carbon, 2008). These markets have been described by Commissioner Bart Chilton of the US Commodity Futures Trading Commission as &«$ö clearly the next great frontier in the commodities trading world.&ª
The UK is currently the global hub of the carbon market, and the EU Emissions Trading System is the largest trading scheme currently in existence. Currently, it is estimated that 21,766 people are employed in carbon finance in the UK alone (data for 2007/08 from Innovas, 2009). This is projected to increase by 58% to 35,400 by 2014/15 (Innovas, 2009). This course is intended to provide students with relevant knowledge and skills to prepare them for work in this area. |
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
| Additional Costs | None |
Information for Visiting Students
| Pre-requisites | None |
| Displayed in Visiting Students Prospectus? | No |
Course Delivery Information
| Not being delivered |
Summary of Intended Learning Outcomes
Knowledge and Understanding:
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 |
Assessment Information
* Group presentation in week 11 (20%), with 2-page executive summary (to be handed in at beginning of presentation, with slides).
* Written essay of up to 2,500 words (40%).
* Short answer exam (1 hour) (40%). |
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
Not entered |
| Transferable skills |
Not entered |
| Reading list |
Not entered |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Mr Francisco Ascui
Tel: (0131 6)50 8343
Email: Francisco.Ascui@ed.ac.uk |
Course secretary | Ms Caroline Leburn
Tel: (0131 6)51 3854
Email: Caroline.Leburn@ed.ac.uk |
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