Description:

The following topics will be covered:

• 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 project

Learning 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

Methods of Assessment:

Written exam

Links:

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Material:

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