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

Postgraduate Course: Climate Change and Capital Markets (CMSE11623)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThe course aims to provide students with the knowledge and understanding of climate change risks and opportunities and their impact on capital markets. Topics covered will include core climate-economic theory and the role of central banks and supervisory authorities, climate change and equity investment opportunities, climate change risk management. Students will come away from the course with an in-depth understanding of the impact of climate risks on asset allocation and the practical skills of portfolio alignment to a low-carbon economy.
Course description Climate change is an environmental, social and financial problem. The financial risks posed by climate change are increasingly focused on corporations, regulators, supervisors and governments. A changing climate will present opportunities too for corporations and investors. The course aims to provide students with the knowledge and understanding of how to quantify the scale of the challenge in terms of the value of assets at risk, the levels of alignment with climate and sustainability goals, and the challenges in integrating climate risk into existing financial supervisory frameworks.

The course also involves a number of guest lectures to discuss cutting-edge developments in sustainable finance. Guest lectures are arranged each year to provide up-to-date content, and may include organiSations such as investment banks, pensions funds and central banks.

Outline Content

1. Climate economics

2. Measuring, monitoring, and reporting climate risks

3. Climate change and the bond and real estate markets

4. Climate change and the equity markets

5. Climate change and sustainable products

Student Learning Experience

The course will be taught through weekly lectures, and interactive discussion sessions/workshops.

The course includes a panel discussion with a number of guest speakers from industry and regulatory institutions. This provides useful real-world insights alongside the more theoretical aspects of the course.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Financial Markets and Investment (CMSE11170) OR Climate Risk and Investment Alignment (CMSE11488) OR Carbon Accounting (CMSE11485)
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2024/25, Not available to visiting students (SS1) Quota:  None
Course Start Block 3 (Sem 2)
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 10, Seminar/Tutorial Hours 4, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 84 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) 100% Coursework (Individual) - Assesses all course Learning Outcomes
Feedback Formative: Feedback will be provided throughout the course.

Summative: Feedback will be provided on the assessment within agreed deadlines.
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand the climate-economy link and the associated investment risks and opportunities across different asset classes and financial actors.
  2. Understand and apply key concepts to asset allocation and portfolio analysis using climate and ESG/SDG data using available software such as MS Excel.
  3. Create and communicate coherent and convincing arguments about the financial policies and practices to mitigate the impact of climate change.
Reading List
Additional Information
Graduate Attributes and Skills Practice: Applied Knowledge, Skills and Understanding

After completing this course, students should be able to:

Work with a variety of organisations, their stakeholders, and the communities they serve - learning from them, and aiding them to achieve responsible, sustainable and enterprising solutions to complex problems.

Communication, ICT, and Numeracy Skills

After completing this course, students should be able to:

Convey meaning and message through a wide range of communication tools, including digital technology and social media; to understand how to use these tools to communicate in ways that sustain positive and responsible relationships.

Critically evaluate and present digital and other sources, research methods, data and information; discern their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of organisational contexts.

Cognitive Skills

After completing this course, students should be able to:

Be self-motivated; curious; show initiative; set, achieve and surpass goals; as well as demonstrating adaptability, capable of handling complexity and ambiguity, with a willingness to learn; as well as being able to demonstrate the use digital and other tools to carry out tasks effectively, productively, and with attention to quality.

Knowledge and Understanding

After completing this course, students should be able to:

Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
KeywordsNot entered
Course organiserDr Luca Taschini
Course secretaryMr Pete Park
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