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

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