[Economics] Climate and Energy Policy


General information

Course name Climate and Energy Policy
Course type Lecture with Exercise
Course code  
Course coordinator  
Faculty Faculty of Business, Economics and Social Sciences
Examination office Examination office of the Faculty of Business, Economics and Social Sciences
Short summary The purpose of the lecture is to give an overview of the development of climate and energy policy on national, European and international level and to provide the tools for an economic analysis of prevailing policies in this field. After briefly reviewing important theoretical foundations as well as modeling approaches, these will be applied and extended to analyze concrete policies such as the prevailing proposals for an international climate regime, the European Climate Policy including the Emissions Trading Scheme and biofuel quotas or the German Renewable Energy Law (EEG). To follow the lectures, the students should be able to derive and interpret first-order conditions of simple optimization problems and be familiar with the basics of welfare theory. Knowledge of the content of the lecture “Environmental Economics is recommended but not required

Information about study level

Study level Master
Also possible for Suitable for advanced Bachelors (second year)

Information about credit points, evaluation and frequency

Evaluation Written exam
Frequency Winter term

Information about teaching language

Teaching language English
Minimum language requirement B1
Further information on the teaching language recommended B2

Information about requirements

Recommended requirements  

Information about course content, reading list and additional information

Course Content
  1. Introduction
  2. Basic Theoretical Foundations and Analytical Tools
  3. Overview: Development of Climate Policy
  4. Emissions trading
  5. Energy and Carbon Taxes
  6. Taxes vs. Emissions trading
  7. Post-Kyoto Climate Policy
  8. Renewable Energy Policies
  9. Policy Mix
  10. Energy related subsidies
  11. The role and implications of uncertainty
Reading list Will be made available
Additional information