- Docente: Emanuele Campiglio
- Credits: 6
- SSD: SECS-P/05
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Greening Energy Market and Finance (cod. 5885)
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from Sep 20, 2022 to Oct 25, 2022
Learning outcomes
The module will offer students an interdisciplinary perspective on climate-related economic and financial risks and on the appropriate societal responses to mitigate them. At the end of the course students will have developed a solid knowledge of the academic literature and policy debate on how climate change and the decarbonization process might affect economic activity, and vice versa.
Course contents
The course is the first module of the integrated course ‘Climate-related risks and commodity markets’. The first module will take place in the first semester (period P), from 19.09.2022 to 29.10.2022. Please see here for information about the second module.
The module will cover the following topics:
- Climate change: the physical basis and impacts.
- Carbon emission drivers; abatement strategies; investment needs.
- Transition dynamics and socio-economic impacts.
- Climate-related macro-financial risks; physical/financial asset stranding
- Mitigation policies: carbon pricing and permit markets
- Sustainable finance policy-making; central banks and financial supervisors
- Climate economic modelling: the DICE model, IAMS and CGE models
- Neoclassical transition modelling approaches
- Complexity-driven transition modelling approaches
- Production and financial networks
Readings/Bibliography
Most of the readings will be in the form of academic articles, to be posted on Virtuale during the course. While there is no specific textbook for this course, interested students can we refer to:
- ‘Climate Economics’ by R. Tol (available at this link)
- ‘The economics of climate change’ by G. Economides, A. Papandreou, E. Sartzetakis and A. Xepapadeas (available at this link)
Teaching methods
The course will be a combination of frontal lectures, in-class exercises and student-led presentations/discussions.
Assessment methods
Assessment will be based on the final written exam (or on the combination of the two partial exams) and the students' presentations. Exams will include open essay-style questions, exercise and/or multiple choice questions. The exam will cover the entire course content. The partial exam will last one hour, while the full exams (for the two modules) will last two hours. Students can decide to reject the grade obtained at the exam only once.
Grading is as follows:
- <18 fail
- 18-23 pass
- 24-27 good
- 28-30 very good
- 30L excellent
Teaching tools
All the course material (slides, readings etc.) will be made available on Virtuale
Office hours
See the website of Emanuele Campiglio