DCU Home | Our Courses | Loop | Registry | Library | Search DCU
<< Back to Module List

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).

As such, this is a point in time view of data which will be refreshed periodically. Some fields/data may not yet be available pending the completion of the full Coursebuilder upgrade and integration project. We will post status updates as they become available. Thank you for your patience and understanding.

Date posted: September 2024

No Banner module data is available

Module Title
Module Code (ITS)
Faculty School
Module Co-ordinatorSemester 1: Mark Cummins
Semester 2: Mark Cummins
Autumn: Mark Cummins
Module TeachersMark Cummins
NFQ level 9 Credit Rating
Pre-requisite Not Available
Co-requisite Not Available
Compatibles Not Available
Incompatibles Not Available
None
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



Workload Full-time hours per semester
Type Hours Description
Lecture24The lecturer will present the essential ideas and core concepts pointing students towards resources where they can get further information
Independent Study51Preparation for, and reading after lectures
Group work20Group work on a topic assigned by the Lecturer
Assignment Completion30Individual project on a topic approved by the Lecturer
Total Workload: 125

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

Indicative Content and Learning Activities

Introduction
• Why climate change is relevant to business • Commodities, Carbon & Weather: How Climate Change relates

Kyoto 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 America

Kyoto Protocol Flexible Mechanisms: Clean Development Mechanism
• Anatomy of a Project • Review of market (countries/methodologies) Critique of CDM future prospects

Voluntary Carbon Markets
• Concept, Origins & History, Market • Major Standards • Critique of the Voluntary market • Green IFSC: ICS & DIVOR

Forestry Carbon
• Outline & Rationale • Forestry & Carbon • REDD & REDD+

Carbon market applications
• Hedging instruments • Investment & Carbon Funds overview

Climate Bonds
• Rationale; Classes of ‘green bond’; securitisation

Commodity hedging
• Determining exposure to commodity price risk from climate change • Effective hedging techniques

Weather Derivatives
• Definition, and Types of Weather Risk • Range of Weather Derivatives • Pricing weather derivatives • Limitations • Case Studies

Managing 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

Assessment Breakdown
Continuous Assessment% Examination Weight%
Course Work Breakdown
TypeDescription% of totalAssessment Date
Group assignmentGroup assignment and presentation30%Week 12
AssignmentIndividual Project20%Week 8
Indicative Reading List

  • D. Ellerman, F. Convery, C. de Perthuis: 2010, , Pricing Carbon: The European Union Emissions Trading Scheme, 1st, Cambridge University Press,
  • B. Hansjürgens, A. Ralf: 2008, Economics and Management of Climate Change: Risks, Mitigation and Adaptation, Springer,
  • H. Geman: 2005, Commodities and Commodity Derivatives: Pricing and Modeling Agricultural, Metals and Energy, Wiley Finance,
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,

<< Back to Module List