Quantitative Climate Finance

Module: Quantitative Climate Finance (6 Credits)
Name in diploma supplement	Quantitative Climate Finance
Responsible	Prof. Dr. Rüdiger Kiesel
Admission criteria	See exam regulations.
Workload	180 hours of student workload, in detail: Attendance: 60 hours Preparation, follow up: 60 hours Exam preparation: 60 hours
Duration	The module takes 1 semester(s).
Qualification Targets	The students will investigate current issues in the field of economics of climate change with a focus on quantitative modeling understand stochastic valuation methods for financial contracts related to climate issues and learn how to apply them question the models critically, interpret model results and extend them
Relevance	The models presented and the quantitative techniques used are industry standard and are widely used in the financial and energy sector.
Module Exam	written exam (usually 90 minutes).
Usage in different degree programs	BWL EaF Master > Wahlpflichtbereich > 1.-3. Sem, Elective ECMX Master > Wahlpflichtbereich > ME5 Economics > 1.-3. Sem, Elective EnergySc Master > Fortgeschrittene Energiewissenschaft > 1. Sem, Elective
Elements	Lecture Quantitative Climate Finance (3 Credits) Exercise Quantitative Climate Finance (3 Credits)
Module: Quantitative Climate Finance (WIWI‑M0673)

Lecture: Quantitative Climate Finance (3 Credits)
Name in diploma supplement	Lecture Quantitative Climate Finance
Organisational Unit	Lehrstuhl für Energiehandel und Finanzdienstleistungen
Lecturers	Prof. Dr. Rüdiger Kiesel
Hours per week	2	Language	English
Cycle	summer semester	Participants at most	###LABEL_NOLIMIT###
Preliminary knowledge Good knowledge of statistics and econometrics
Abstract Discussion and analysis of financial instruments in the context of economics of climate change. Introduction to emission trading scheme and valuation methods for emission certificates and financial contracts based on emission certificates.
Contents Principles of environmental economics: discussion of various regulatory measures Design of emission trading schemes Carbon risks and their impact on financial markets Valuation of derivative contracts based on emission certificates Financing of environmental-economic investment projects
Literature Information regarding current literature will be given during the course.
Teaching concept Presentation, discussion
Lecture: Quantitative Climate Finance (WIWI‑C0822)

Exercise: Quantitative Climate Finance (3 Credits)
Name in diploma supplement	Exercises Quantitative Climate Finance
Organisational Unit	Lehrstuhl für Energiehandel und Finanzdienstleistungen
Lecturers	Prof. Dr. Rüdiger Kiesel
Hours per week	2	Language	English
Cycle	summer semester	Participants at most	###LABEL_NOLIMIT###
Preliminary knowledge Good knowledge in mathematical statistics and econometrics
Abstract Discussion and analysis of financial instruments in the context of economics of climate change. Introduction to emission trading scheme and valuation methods for emission certificates and financial contracts based on emission certificates.
Contents Repetition, discussion and application of the lecture content based on selected scientific articles, practice-oriented examples and exercises that consolidate theoretical knowledge and skills as well as application-related skills.
Literature See lecture.
Exercise: Quantitative Climate Finance (WIWI‑C0823)

Module: Quantitative Climate Finance (6 Credits)