Accounting and Finance

Climate Finance

Module code: N1631
Level 5
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Coursework, Computer based exam

On this module, you’ll build a foundation in economic theory for carbon pricing and gain a detailed understanding of carbon markets. You’ll explore practical aspects of carbon market design, examining common challenges and proposed solutions.

Key topics include:

• empirical methods for evaluating the effectiveness and efficiency of carbon markets as tools for mitigating climate change
• investment performance of renewable energy funds and green bonds
• roles of different participants in emissions trading schemes
• implications of the Paris Agreement
• IPCC recommendations for climate change mitigation.

Module learning outcomes

• Demonstrate knowledge in the key theoretical and technical areas of environmental management
• Analyse and distinguish firms with environmental investments, and their implications for their financial performance
• Evaluate the carbon market, and its implications for the firm’s management
• Demonstrate systemic understanding of the complex climate change risks for investors