ENERGY AND CLIMATE CHANGE POLICY

ENERGY AND CLIMATE CHANGE POLICY

Angelo Taraborrelli, Michele Governatori

Instructional goals

In relation with the energy industry and markets and to the energy intensive sectors, acquisition of competence and methodology to implement an energy policy in which environment protection plays a pivotal role.

Intended learning outcomes

Ability to discuss/draft a comprehensive energy policy consistent with an effective climate policy and a successful development path.

Course Contents

-Evolution of the energy industry and impact on climate policy; -Market analysis of the main energy sources (companies, supply/demand, pricing); -Energy Policy of some countries; -Evolution of the Italian energy system and policy; -Climate change and climate policy especially applied to energy.

Reference Books

-OCDE-IEA World Energy Outlook 2023 -PNIEC (Italian National Energy and Climate Plan)- - The Palgrave Handbook of International Energy Economics, 2022 Papers and other material will be mentioned and made available in due time by the teachers

Teaching Methods

- Front teaching with intense interaction - Team work - Role-playing - Presentations e assignments

Assessment Method

ATTENDING STUDENTS (attendance is highly encouraged): Continuous assessment also based on the interaction in class. Two mid-course group or individual assignments concerning the discussions actually developed during the classes and the reference books and slides (70%) - Oral exam (30%) NON ATTENDING STUDENTS: oral exam on the whole program with additional special focus on a selected topic (100%)

Thesis assignment criteria

Two mid-end course group or individual assignments concerning the discussions actually developed during the classes and the reference books and slides

Week 1

Introduction and comments on the main targets of the course -Analysis of the most relevant factors of the energy scenario -Evolution of supply and demand of the various energy sources in the main regions (continued) -Evolution of supply and demand of the various energy sources in the main regions -Main factors underlying the energy scenario (costs, security of supply, environment, final uses)

Week 2

Future alternative energy scenarios in the main regions -Future scenarios and new priorities of any energy policy -The role of the Emerging Economies in the international energy scenario -The impact of the environment protection on the energy scenario

Week 3

The oil and natural gas industries: history, demand, supply, prices. -Coal market, Nuclear Energy, Renewable Energy Sources, Electricity, Efficiency.

Week 4

The energy policy of -E.U. -USA -Russia -China -Japan

Week 5

-The energy policy of Italy -The geopolitics of energy

Week 6

- Final energy consumption - Mid course assignment

Week 7

INTRODUCTION TO CLIMATE CHANGE Introduction to the greenhouse effect, global trends on temperature and CO2 concentration, major greenhouse gases, major emitters in terms of country, sector, technology. Difference between climate change and pollution.

Week 8

CAUSES OF CLIMATE CHANGE AND TECH RESPONSES Macroeconomic trends and climate change. Climate change and the industries of steel, cement, transports (part 1)

Week 9

CAUSES OF CLIMATE CHANGE AND TECH RESPONSES Climate change and the industries of steel, cement, transports (part 2) Carbon Capture and Storage

Week 10

INTERNATIONAL POLICY RESPONSE TO CLIMATE CHANGE: FRAMEWORK From Kyoto to Sharm through Paris: the Conferences Of Parties and their main outcomes

Week 11

PRICE-BASED CLIMATE POLICIES Carbon tax, ETS and other market based certificates, carbon credits

Week 12

ENVIRONMENTAL HARMFUL SUBSIDIES What EHSs are according to OECD and IMF. Policies to tackle them. 2nd ASSIGNEMENT