MANAGING & FINANCING THE ENERGY TRANSITION

Sofia Hina Fernandes Da Silva Ranchordas, Domenico Capone

Instructional goals

The course aims to teach students the fundamental trends for a sustainable finance future and provide the basic instruments in order to manage energy transition.

Prerequisites

///

Intended learning outcomes

At the end of the course, the student will have acquired the guiding principles and knowledge on energy transition.

Course Contents

The course will give students the opportunity to: - learn how to actively participate in financing sustainability transitions and to face destabilization and system risk taking a transition perspective; - learn how finance is a powerful force that can help to bring about positive change in the transition; - analyze critical developments, opportunities and guidelines that will help to manage transition and achieve sustainable finance.

Reference Books

///

Teaching Methods

The course consists of theoretical training modules. In particular, it includes: Theoretical training: students will be able to learn theoretical notions through an experiential and pragmatic training method In-depth activities: To complete the educational path, for each module, supplementary readings are recommended that are useful to the process of learning the basics of the subject. During the course, handouts and other material will be distributed. The training course can take place both in person or in distance learning.

Assessment Method

1. Active presence during the lessons. 2. Multiple choice written test. 3. Oral discussion.

Thesis assignment criteria

1. Active presence during the lessons (to which to attribute a weight of 50% in the evaluation). 2. Multiple choice written test (to which to attribute a weight of 20% in the assessment). 3. Oral discussion of two topics selected by the students (to which a weight of 30% is attributed in the evaluation).

Week 1 Contenuto sessioni on line e on campus

PART I Prof. MAROTTA *** Brief introduction about the current financial system: - the negative impact of inflation and high interest rate; - the importance to anticipate destabilization and manage crisis and transition.

Week 2 Contenuto sessioni on line e on campus

Moving towards the transition: - what are the desirable finance futures that work positively for planet and people? - how can we work together to achieve positive finance futures?

Week 3 Contenuto sessioni on line e on campus

Transforming the financial system: The role of refinancing.

Week 4 Contenuto sessioni on line e on campus

Managing crisis in the company business: what is business crisis?

Week 5 Contenuto sessioni on line e on campus

The intervention of cdp Invitalia and the law about “insolvency

Week 6 Contenuto sessioni on line e on campus

Refinancing: conclusion

Week 7 Contenuto sessioni on line e on campus

PART II - Prof. Capone *** Elements of a positive transition: - facilitating transformative innovation; - identify mechanisms of transformative innovation: growth, replication and partnering; - how transformative innovation contributes to the transition dynamics.

Week 8 Contenuto sessioni on line e on campus

EU Recovery Plan. Key characteristics of the largest stimulus package ever financed in Europe.

Week 9 Contenuto sessioni on line e on campus

Main challenges and priorities actions for the relaunch of the circular economy in Italy.

Week 10 Contenuto sessioni on line e on campus

Managing capital and finance in the company business: - internal financial solutions to manage capital and liquidity; - external financial solutions to manage capital and liquidity; - private equity as a growing source of capital.

Week 11 Contenuto sessioni on line e on campus

The History of Energy Transitions - Coal and the First Energy Transition - The Rise of Oil and Gas - The Transition to Renewable Energy

Week 12 Contenuto sessioni on line e on campus

Policies for structural change and a just and inclusive energy transition. Challenges and potential misalignments.