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Description
Energy-economic modelling is one of the cornerstones of both the public energy policy process and the investment process for private energy firms. This module provides a comprehensive introductory overview of the field of energy modelling that is required by modern economy-energy-environment (E3) analysts, in whatever area (government, consulting, regulatory etc.) that they may be working. Starting from an economics viewpoint, the module aims to enable students to understand the energy modelling process, and crucially how it can inform decisions relevant to tackling climate change.
Students will develop an understanding of why energy-economic models are used, how different elements of the economy-energy-environment system can be modelled, how scenario approaches can be combined with models, and how uncertainties are considered. Students will then develop the faculty to critically analyse the applicability and outputs of energy-economic models of all types. The lectures start with a focus on key energy modelling approaches, and then move to considering specific sectoral approaches and linkages to the wider economy and environmental systems. Lectures are supplemented by seminars from a broad range of experts on how energy modelling is applied, and some hand-on tutorials to explore some simple modelling tools.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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