Écoles, masters et doctorats / Schools, Masters and Doctorates / Enseignements / Teachings
The assignment consists of both a mid-term and ﬁnal exam plus debates in class. Course Description : This course focuses on energy policy, which is described as the choices that governments make to address energy policy objectives, notably in the realm of security of supply (importers) or demand (exporters), affordability – often described as ‘competitiveness' – or environmental and other impacts. Because of the overwhelming importance of the energy sector, which is fundamental to security and defence as well as all economic and other activity, governments typically accept the need for a separate policy. This can cover a broad range of policy areas such as market organization, taxation, ownership – public versus private – environmental protection & climate change, infrastructure, research, technology, trade, foreign and after all security and defence policy. Governments dispose of a plethora of instruments as diverse as legislation, competition policy, international treaties, incentives to investment, guidelines, information as well as ‘hard' security, i.e. the military. The course will use case studies to describe and examine typical ‘energy policy interventions' in a number of selected cases and countries/regions involving market and non-market based instruments ; for example, energy market organization, taxation and emissions trading systems, renewable support mechanisms, energy, efﬁciency policies but also energy-related distributional policies including the issues of economic rent and corruption. In the light of the evolving ‘energy transitions', the course will also cover decarbonisation notably of the electricity, transport and household sectors in advanced economies. In a number of cases, i.e. where expost analysis is available the course will compare energy policy initiatives with its outcomes. Required reading : Cherp, Aleh and Jewell, Jessica, “The concept of energy security : Beyond the four As”, Energy Policies, (75) 2014, 415-421 ; Yergin, Daniel, The Prize : The Epic Quest for Oil, Money and Power, New York, Free Press, 2009. ; Falkner, Robert, A minilateral solution to glo”bal climate change ? On bargaining efﬁciency, club beneﬁts and international legitimacy, Centre for Climate Change Economics and Policy, WP No. 222 (2015) ; Coady, David et al, How large are global energy subsidies ? IMF Working Paper WP15/105, 2015 ; IEA, World Energy Outlook 2016, Paris : OECD/IEA 2016.
Semester : Spring Number of hours : 24 Language of tuition : English
Teachers : Eleanor MORRISON (Managing Director, Commodity Reach Ltd, London, UK). Prerequisite : Some knowledge of energy trading or energy industry and / or some non-energy related ﬁnancial regulations experience. Pedagogical Format : Seminar Course validation : Students will complete a short in-class presentation on a selected topic (25%), one term paper (25%) and one take home ﬁnal exam (50%). Students will be expected to participate during in-class organized discussions. The ﬁnal exam should be completed over a 3 hour period of time on an agreed day after the course has ﬁnished. Further details will be provided during the course introduction. Workload : Students should expect to spend at least 40 hours outside of class time to prepare for class discussions, research and prepare their term paper. Students should be prepared to discuss assigned readings in class. Pedagogical Method : Each class is two hours. The ﬁrst hour will focus on the lecture material following the course syllabus. The second hour of the course will focus on a case study and practical applications of the lecture material. Discussions will include reference to case studies as well as recent events. The global and regional perspective will be considered during these class discussions. The reading list is extensive and may seem overwhelming. This list is intended to provide an introduction to concepts covered in the class and to pr