Module Specifications.
Current Academic Year 2024 - 2025
All Module information is indicative, and this portal is an interim interface pending the full upgrade of Coursebuilder and subsequent integration to the new DCU Student Information System (DCU Key).
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Date posted: September 2024 No Banner module data is available
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Description This module will introduce the full range of Climate Change Risk Management techniques to business and finance professionals, equipping them with the tools to both manage such risks within their organizations, and develop new opportunities within their businesses which are impacted by climate change risk factors. | |||||||||||||||||||||||||||||||||||||||||
Learning Outcomes 1. Identify the business risks associated with Climate Change in respect of Commodity, Carbon, and Weather 2. Evaluate those diverse risks 3. Explain the risk management tools available in each area 4. Explain the dynamics of each market, and their inter-relationship 5. Apply these techniques to a series of scenarios | |||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
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Indicative Content and Learning Activities
Introduction• Why climate change is relevant to business • Commodities, Carbon & Weather: How Climate Change relatesKyoto Protocol Flexible Mechanisms: Emissions Trading• Cap & Trade concept • Comparison with carbon taxation as method for curtailing carbon emissions • EU Emissions Trading Scheme [History: Phase 1, Phase 2; Future: Phase 3] • Critique of EUETS; Carbon Pricing Dynamics. • Other Trading Schemes (New Zealand, South Korea, Japan & Australia) & North AmericaKyoto Protocol Flexible Mechanisms: Clean Development Mechanism• Anatomy of a Project • Review of market (countries/methodologies) Critique of CDM future prospectsVoluntary Carbon Markets• Concept, Origins & History, Market • Major Standards • Critique of the Voluntary market • Green IFSC: ICS & DIVORForestry Carbon• Outline & Rationale • Forestry & Carbon • REDD & REDD+Carbon market applications• Hedging instruments • Investment & Carbon Funds overviewClimate Bonds• Rationale; Classes of ‘green bond’; securitisationCommodity hedging• Determining exposure to commodity price risk from climate change • Effective hedging techniquesWeather Derivatives• Definition, and Types of Weather Risk • Range of Weather Derivatives • Pricing weather derivatives • Limitations • Case StudiesManaging Climate Change Insurance Risk• Identifying, Measuring & Monitoring the Risks • Risk, and Mitigation • Climate Change Asset Management • Carbon & Insurance- new product possibilities • Climatewise principles & reporting principles | |||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources 6961, Journal, 0, Energy Economics, 6962, Journal, 0, The Energy Journal, 6963, Journal, 0, The Journal of Energy Markets, 6964, Journal, 0, Ecological Economics, | |||||||||||||||||||||||||||||||||||||||||