IC210-Environmental Economics

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:5
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2023/4

Module Convenor: Dr Antony Moore
Email: t.moore@icmacentre.ac.uk

Type of module:

Summary module description:

This module has two broad parts: The first part provides an overview of the consensus on climate change, including the scientific basis, likely impacts on society and the economy, and both ,  international agreements and national commitments to reduce CO2 emissions. The second part of the module focuses on the potential role of the financial sector in mitigating and managing Climate Change, covering market-based responses as well as regulatory interventions..

Aims:

This module provides an understanding of the main topics in Climate Science and climate change, and their implications for decisions in Finance.

Assessable learning outcomes:

By the end of the module, it is expected that students will be able to: 

• demonstrate knowledge and understanding of the basis of and the latest developments in Climate Science and climate change; 


• explain the impacts of climate change and ways to adopt to and mitigate climate change;


• describe the implications of these on decisions made in Finance, such as portfolio management and risk management; 


• outline the latest national and international regulations; and 


• evaluate the significance of Climate Change for different sectors of Finance. 

.

Additional outcomes:

Outline content:

1. Module introduction

2. Climate Change: the latest projections

3. The scientific basis for Climate Change

4. The impact of Climate Change on society, the economy and the financial sector

5. National and International responses to Climate Change

6. Rationales for climate-focused financial regulation

7-8. Mitigating Climate Change 1 and 2: Market-based and regulatory approaches.

8-9. Managing Climate Change 1 and 2: Market-based and regulatory approaches

Brief description of teaching and learning methods:

The topics are introduced in the lectures which are then followed by seminars. 

Summative assessment- Examinations:

One written final examof length 2 hours.

The examination for this module will require a narrowly defined time window and is likely to be held in a dedicated exam venue.

Summative assessment- Coursework and in-class tests:

1 written individual essay of approximately 1,500 words with submission date in week 10 of the term. 

Formative assessment methods:

Seminar questions are assigned for each class. The seminar leader will facilitate discussion and offer feedback.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. 

Assessment requirements for a pass:

40% weighted average mark

Reassessment arrangements:

By written examination only, to be taken in August/September, as part of the overall examination arrangements for the programme.

Additional Costs (specified where applicable):

Last updated: 30 March 2023