Course content
Course content:
Energy is one of the world’s largest industries and has an essential role in economic activity and in our daily lives. At the same time, it is a major contributor to the depletion of natural resources, climate change, and environmental pollution.
In this context, the decarbonisation of the energy sector is a key element in mitigating climate change and maintaining security of supply. The Green Transition implies massive transformations in the energy industry and in energy-intensive sectors from technical, economic, social, and political viewpoints.
This course introduces the students to the analysis of the energy sector and its ongoing transformation from an economic perspective. In particular, it will familiarize the students with the economic characteristics of energy, sector organization, the transition towards sustainable and renewable energy, relevant business models, and the economic reasoning behind their regulatory framework. The lectures are based on 2 - 3 timely case studies. In the past these have been for example on offshore wind, demand-side flexibility and hydrogen/ power to X. These cases cover economic, technological, and policy aspects of selected business models within the energy sector.
This module is offered by the Copenhagen School of Energy Infrastructure (CSEI), a research centre at CBS, and it is embedded in its overall strategy of research and education.
Course structure:
The course will cover the following themes:
- Microeconomics of energy use, energy demand, and energy supply.
- Technology and innovation, support mechanisms: renewable energy sources, their integration into the energy system, and support policies.
- Introduction to energy economics: sector organisation and governance, vertical relations, market power, market failures, economies of scale, externalities, natural monopoly.
- Introduction to regulatory economics: regulation of the energy sector, monopoly regulation & market design.
- Future challenges in energy economics and policy.
See course description in course catalogue