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Module

Quantitative Climate Finance

Name in diploma supplement
Quantitative Climate Finance
Responsible
Admission criteria
See exam regulations.
Workload
180 hours of student workload, in detail:
  • Attendance: 60 hours
  • Preparation, follow up: 60 hours
  • Exam preparation: 60 hours
Duration
The module takes 1 semester(s).
Qualification Targets

The students

  • will investigate current issues in the field of economics of climate change with a focus on quantitative modeling
  • understand stochastic valuation methods for financial contracts related to climate issues and learn how to apply them
  • question the models critically, interpret model results and extend them
Relevance

The models presented and the quantitative techniques used are industry standard and are widely used in the financial and energy sector.

Module Exam

written exam (usually 90 minutes).

Usage in different degree programs
  • BWL-EaF-Ma-2015 Wahlpflichtbereich 1st-3rd Sem, Elective
  • EnergySc-Ma-2016 Fortgeschrittene Energiewissenschaft 1st Sem, Elective
Elements
Name in diploma supplement
Lecture Quantitative Climate Finance
Organisational Unit
Lecturers
SPW
2
Language
English
Cycle
summer semester
Participants at most
no limit
Preliminary knowledge

Good knowledge of statistics and econometrics

Abstract

Discussion and analysis of financial instruments in the context of economics of climate change. Introduction to emission trading scheme and valuation methods for emission certificates and financial contracts based on emission certificates.

Contents
  • Principles of environmental economics: discussion of various regulatory measures
  • Design of emission trading schemes
  • Valuation models for emission certificates
  • Valuation of derivative contracts based on emission certificates
  • Financing of environmental-economic investment projects
Literature

Information regarding current literature will be given during the course.

Teaching concept

Presentation, discussion

Participants
  • BWL-EaF-Ma-2015 Wahlpflichtbereich Modul "Quantitative Climate Finance" 1st-3rd Sem, Elective
  • EnergySc-Ma-2016 Fortgeschrittene Energiewissenschaft Modul "Quantitative Climate Finance" 1st Sem, Elective
Lecture: Quantitative Climate Finance (WIWI‑C0822)
Name in diploma supplement
Exercises Quantitative Climate Finance
Organisational Unit
Lecturers
SPW
2
Language
English
Cycle
summer semester
Participants at most
no limit
Preliminary knowledge

Good knowledge in mathematical statistics and econometrics

Abstract

Discussion and analysis of financial instruments in the context of economics of climate change. Introduction to emission trading scheme and valuation methods for emission certificates and financial contracts based on emission certificates.

Contents

Repetition, discussion and application of the lecture content based on selected scientific articles, practice-oriented examples and exercises that consolidate theoretical knowledge and skills as well as application-related skills.

Literature

See lecture.

Participants
  • BWL-EaF-Ma-2015 Wahlpflichtbereich Modul "Quantitative Climate Finance" 1st-3rd Sem, Elective
  • EnergySc-Ma-2016 Fortgeschrittene Energiewissenschaft Modul "Quantitative Climate Finance" 1st Sem, Elective
Exercise: Quantitative Climate Finance (WIWI‑C0823)
Module: Quantitative Climate Finance (WIWI‑M0673)