OADD 2395 - Carbon markets, policy instruments and corporate strategies

The course covers all the types of carbon markets from regulated markets like the European Emissions Trading System to the voluntary carbon markets and the markets organised under the auspices of the article 6 of the Paris Agreement. Markets are looked at under the angle of where they originally came from, their effectiveness in reducing greenhouse gas emissions and the impact they have on corporations. This is in the wider context of the international climate negotiations and of the European climate policies, both of which are analysed looking at their evolution and how they interact. In this context, the net-zero plans of several companies are analysed as examples, to highlight the roles that the different types of carbon markets have in these plans.

Learning Outcomes:

• Knowledge of the different types of carbon markets, their main characteristics and uses
• Knowledge of the evolution of the role of carbon markets in the international climate negotiations
• Knowledge of the role of the different types of carbon markets in company plans and wider (marketing etc)

Professional Skills:

Students will develop the ability to have a critical eye on the use of carbon markets in corporate plans

None in principle.

Lectures will be conducted essentially with PowerPoint presentations, on which the students can take notes during the lectures, all made as interactive as possible. Feedback will be provided after the group work and after the final test.

10% participation in class

30% group work analysing the role of carbon markets for a selected company, including a group presentation to the class towards the last session(s)

60% individual final test, closed book, in class, formal exam-type at the end of the last session

• Attendance: 24 hours per semester, in 6 sessions of 4 hours each
• Reading and Preparation for Class: 54 hours per semester
• Research and Preparation for Group Work: 36 hours per semester
• Research and Writing for Individual Assessments: 36 hours per semester