Course description
Concerns for energy security, threat of climate change, and uncertainties in the price of energy (the so-called ‘energy trilemma’) requires transformation of the ways in which energy is produced, delivered and consumed.
Both for the developed and developing economies challenges stem from meeting increasing electricity demands from more intermittent renewable resources. This course covers a variety of theoretical and empirical topics related to energy demand, supply, prices, renewable vs depletable resources and environmental consequences of energy consumption and production - all from an economic perspective. It will demonstrate how key economic principles are used in various energy-environment models to inform energy and climate policy.
Upcoming start dates
Suitability - Who should attend?
Those with a broad interest in understanding and developing energy economics and strategy in the context of a sustainable future. This includes energy and facility managers, consultants, local government planners and those working in an entirely different sector considering a change in career path.
Outcome / Qualification etc.
On successful completion of this course you will be able to:
- Critically evaluate the purpose of energy policy, as well as the range of policy strategies and instruments,
- Explain how economic principles govern energy markets and the economics of energy supply,
- Evaluate the approaches for energy market regulation,
- Critically evaluate different approaches for the modelling of energy and environment interactions,
- Identify and evaluate the key issues facing the energy sector (i.e. smart technologies, energy security).
Training Course Content
Core content
- Key concepts and main approaches in economic analysis of energy systems,
- Different approaches to economic modelling of energy and environment interactions,
- Energy efficiency and renewable energy policies,
- Regulation and governance,
- Energy policy theory and practice,
- Economics of energy and ancillary services market.
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Cranfield University
Cranfield is a specialist postgraduate university that is a global leader for education and transformational research in technology and management. We have many world-class, large-scale facilities, including our own global research airport, which offers a unique environment for transformational education...