Modules Energy Markets

Advanced Seminar Energy Markets: Applied Economic Analysis of Decarbonization Strategies: Firm’s Perspective

MGT0013656 ECTSEnglishwinter semesterMaster20 contact h

Content

Students learn the problematics and frameworks for the energy transition analysis, considering challenges and solutions for individual firms across various industries, e.g. steel, power, O&G.

Learning outcomes

Upon successful completion of this module, students will be able to: 1. Summarize, describe and understand the decarbonisation; its associated challenges and problems (technical, economic, financial) faced by companies; and investment and market opportunities emerging in Germany and internationally; 2. Explain the scope 1, 2, 3 emissions, emission calculation, standards, and introduce possible decarbonization frameworks through examples; 3. Apply the analytical tools and facts critical in making energy transition decisions and demonstrate these skills on real-world problems

Examination

The examination form is a research paper consisting of presentation, which counts with 30%, and the report, assigned 70%. Case study report: The final study team-report, written in English, should consist of max. 15 pages (excl. references and the title page). Students’ work may be theoretical/analytical, empirical, or a literature survey but should include own thoughts and suggestions on the proposed solution. Giving a short (intro)overview regarding the relevant (and topical) literature is always required. Final presentation: 30 minutes per presentation, 15-20 for a talk and 10 minutes for class-wide discussion.

Teaching & learning methods

Project examples, Intro on analytical tools and important facts, Interactive workshop discussing case studies, Hand-on session about decarbonization modeling approaches, analysis frameworks, solution discussion, In-progress consultation
Media & reading list
• Dejuán, Ó., Lenzen, M., & Cadarso, M. Á. (Eds.). (2017). Environmental and economic impacts of decarbonization: Input-output studies on the consequences of the 2015 Paris Agreements. Routledge. • Johnston, R. J., Blakemore, R., & Bell, R. (2020). The role of oil and gas companies in the energy transition. Atlantic Council. • Lenox, M., & Duff, R. (2021). The Decarbonization Imperative: Transforming the Global Economy by 2050. Stanford University Press. • Peszko, G., Van Der Mensbrugghe, D., Golub, A., Ward, J., Marijs, C., Schopp, A., ... & Midgley, A. (2020). Diversification and cooperation in a decarbonizing world: climate strategies for fossil fuel-dependent countries. World Bank Publications. • Harvey, H., Orvis, R., & Rissman, J. (2018). Designing climate solutions: a policy guide for low- carbon energy. Island Press. • Ghosh, N., & Gupta, D. (2022). Decarbonization strategy of businesses, stock return performance and investment styles: a systematic review. Benchmarking: An International Journal. • Jenkins, J. D., Luke, M., & Thernstrom, S. (2018). Getting to zero carbon emissions in the electric power sector. Joule, 2(12), 2498-2510. • Green, J., Hadden, J., Hale, T., & Mahdavi, P. (2021). Transition, hedge, or resist? Understanding political and economic behavior toward decarbonization in the oil and gas industry. Review of International Political Economy, 1-28. • De Cian, E., Dasgupta, S., Hof, A. F., van Sluisveld, M. A., Köhler, J., Pfluger, B., & van Vuuren, D. P. (2020). Actors, decision-making, and institutions in quantitative system modelling. Technological Forecasting and Social Change, 151, 119480. • Rissman, J., Bataille, C., Masanet, E., Aden, N., Morrow III, W. R., Zhou, N., ... & Helseth, J. (2020). Technologies and policies to decarbonize global industry: Review and assessment of mitigation drivers through 2070. Applied Energy, 266, 114848. • Eckerle, K., Whelan, T., DeNeve, B., Bhojani, S., Platko, J., & Wisniewski, R. (2020). Using the Return on Sustainability Investment (ROSI) Framework to Value Accelerated Decarbonization. Journal of Applied Corporate Finance, 32(2), 100-107. • Rockström, J., Gaffney, O., Rogelj, J., Meinshausen, M., Nakicenovic, N., & Schellnhuber, H. J. (2017). A roadmap for rapid decarbonization. Science, 355(6331), 1269-1271. • Peñasco, C., Anadón, L. D., & Verdolini, E. (2021). Systematic review of the outcomes and trade- offs of ten types of decarbonization policy instruments. Nature Climate Change, 11(3), 257-265. • Skoczkowski, T., Verdolini, E., Bielecki, S., Kochański, M., Korczak, K., & Węglarz, A. (2020). Technology innovation system analysis of decarbonisation options in the EU steel industry. Energy, 212, 118688.

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