empfohlenes Vorwissen

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.

Lehrinhalte

• Principles of environmental economics: discussion of various regulatory measures
• Design of emission trading schemes
• Carbon risks and their impact on financial markets
• Valuation of derivative contracts based on emission certificates
• Financing of environmental-economic investment projects

Literaturangaben

Information regarding current literature will be given during the course.

didaktisches Konzept

Presentation, discussion

Hörerschaft

• BWL-EaF-Ma-2015 > Wahlpflichtbereich > (1.-3. Fachsemester, Wahlpflicht) Modul "Quantitative Climate Finance"
• ECMX-Ma-2019 > Wahlpflichtbereich > ME5 Economics > (1.-3. Fachsemester, Wahlpflicht) Modul "Quantitative Climate Finance"
• EnergySc-Ma-2016 > Fortgeschrittene Energiewissenschaft > (1. Fachsemester, Wahlpflicht) Modul "Quantitative Climate Finance"