The Transition to the Decarbonised Economy of Tomorrow

Overview

What you'll learn

• The impact of the energy transition on energy markets, including the introduction of renewable energy sources and storage technologies;
• To understand the business case for renewable energy technologies and to detail different support schemes for renewable energy sources;
• To discuss different methods of carbon pricing, including discussing the origin and the implementation of the emission trading scheme;
• To describe the goals and appearance of the European energy system and energy market of 2050, discussing the steps necessary to achieve these goals.

Syllabus 9

1. Week 1: Key elements of energy markets and the energy transition
2. Why we need the energy transition and the tools and technologies currently working towards achieving this, including renewable energy sources and flexibility options..
3. Week 2: The economics of renewables and renewable energy policies
4. The business case for renewable energies and the different support schemes in place to integrate them into the energy market.
5. Week 3: Decarbonization and carbon markets
6. The different methods of carbon pricing and the emission trading scheme, using the European union as a case study.
7. Week 4: Energy Vision of the European Union
8. The 2050 goals for the European energy market, what is needed to be done to achieve these goals. That will outline how the energy system will look like by that time.
9. Week 5: Next steps forward

Skills you'll practise

Solar EnergyInternal Carbon and Water Pricing IntegrationEnergy SupplyBusiness CaseEmissions TradingEnergy System TransitionEconomicsEconomyForecastingCase StudyIntegrationFossil FuelEnergy ProductionCarbon MarketsEnergy MarketRenewable Energy

Advantages and disadvantages

Some points apply to every course of this kind; see how we rank.

Before you start

None. Following the MOOC "Energy Markets of Today" beforehand is recommended but not required.

Taught by

• Rudi HakvoortAssociate professor