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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2016/2017

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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Low Carbon Investment (CMSE11191)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits15 ECTS Credits7.5
SummaryHigh levels of investment are expected in order to transition to a low carbon future, for example, the Paris Agreement reiterates the commitment for developing countries to provide at least $100 billion/yr in climate finance, while the IEA estimates cumulative investment of $35.9 trillion in low carbon energy between 2015 - 2030. A variety of different mechanisms, including both public and private sector finance, will be required for different technologies, sectors and countries. This course aims to provide students with an understanding of the nature of these new financial flows and the implications and opportunities for business.
Course description The course aims to provide students with an understanding of trajectories towards a low-carbon economy and what this implies in terms of investment requirements and opportunities at different points in time, in different countries and sectors. Students should come away from the course with an understanding of the key financial flows and strategies that are unlikely to be mediated by carbon markets alone. Students should be able to apply their understanding of investment appraisal to investment decisions made by various types of investors such as individuals, private equity funds, pension funds, insurance firms or green mutual funds. Students are expected to learn how these investors operate and what attracts them to investment in low carbon projects.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2016/17, Not available to visiting students (SS1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 150 ( Lecture Hours 20, Seminar/Tutorial Hours 10, Programme Level Learning and Teaching Hours 3, Directed Learning and Independent Learning Hours 117 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) Group presentations and report to class - 30%
Individual essay of up to 3,000 words - 70%
Feedback All students will be given at least one formative feedback or feedforward event for every course they undertake, provided during the semester in which the course is taken and in time to be useful in the completion of summative work on the course. Such feedback may be at course or programme level, but must include input of relevance to each course in the latter case.

Feedback on formative assessed work will be provided within 15 working days of submission, or in time to be of use in subsequent assessments within the course, whichever is sooner. Summative marks will be returned on a published timetable, which has been made clear to students at the start of the academic year.

Students will gain feedback on their understanding of the material when they discuss their answers to the tutorial questions in the tutorials. Students may also ask questions in Lectures to assess their knowledge.
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Describe and critically evaluate the challenges and opportunities for low-carbon investment.
  2. Understand and critically discuss the different types of institutional and individual investors: their business model, institutional framework, incentive structures and the role of low carbon investment opportunities on their dashboards.
  3. Understand and critically discuss institutional investors' practices in portfolio management.
  4. Understand and critically evaluate different innovative financial instruments for supporting low carbon investments.
  5. Critically evaluate an individual investment proposition from different perspectives, with a focus on commercial low carbon investment but also acknowledging wider social cost-benefit.
Reading List
A full weekly reading list is posted on Learn via an online Resource List.
Additional Information
Graduate Attributes and Skills Knowledge and Understanding
After completing this course, students should have:

* An in-depth understanding of scale and timing of investment required for a low carbon transition
* Detailed knowledge and understanding of the key players, stages of investment, and types of finance associated with low carbon investment
* Detailed understanding of the role of policy in low carbon investment decisions


Practice: Applied Knowledge, Skills and Understanding
After completing this course, students should be able to:

* Calculate the internal rate of return (IRR) and net present value (NPV) for an investment project
* Write and present an investment proposal
* Evaluate the risks and opportunities associated with low-carbon investments

Cognitive Skills
After completing this course, students should be able to:

* Critically appraise investment proposals from a range of perspectives
* Make informed judgements based on the analysis of risks and returns
* Understand, speak and write in the language of low-carbon investment


Communication, ICT, and Numeracy Skills
After completing this course, students should be able to:

* Calculate and apply standard investment appraisal metrics, e.g. IRR and NPV
* Cooperate with others from different professional, educational and cultural backgrounds to produce group analysis and present the results of group work.
KeywordsNot entered
Contacts
Course organiserDr Matthew Brander
Tel: (0131 6)51 5547
Email: Matthew.Brander@ed.ac.uk
Course secretaryMiss Ashley Harper
Tel: (0131 6)51 5671
Email: Ashley.Harper@ed.ac.uk
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