Driving the Green Transition: Energy Economics and Emission Trading Models Training Course

Introduction

The global energy landscape is undergoing a profound transformation, driven by climate imperatives, technological advancements, and evolving geopolitical dynamics. At the heart of this shift lies the complex interplay of economic principles governing energy production, consumption, and markets, alongside the critical role of market-based mechanisms like emissions trading. Understanding how these forces interact and how to model their future evolution is essential for shaping effective energy policies, making strategic investments, and accelerating the transition to a sustainable energy system while managing economic impacts.

This intensive training course is meticulously designed to equip participants with a comprehensive and practical understanding of energy economics and advanced emission trading models. From dissecting global energy market structures and the economics of renewable energy to mastering the design and operational intricacies of cap-and-trade systems and their economic impacts, you will gain the expertise to analyze, evaluate, and contribute to sound energy and climate policy. This empowers you to navigate the complexities of energy transition, optimize resource allocation, and strategically engage with carbon markets to achieve both economic efficiency and environmental sustainability.

Target Audience

  • Energy economists and market analysts.
  • Policy advisors and regulators in energy, environment, and climate ministries.
  • Professionals in utilities, renewable energy companies, and fossil fuel industries.
  • Traders and risk managers in energy commodity markets.
  • Consultants specializing in energy transition and carbon markets.
  • Academics and graduate students (Master's and PhD) in energy economics, environmental policy, or quantitative methods.
  • International development practitioners focusing on sustainable energy.
  • Financial professionals involved in green investments and climate finance.

Duration: 10 days

Course Objectives

Upon completion of this training course, participants will be able to:

  • Understand the fundamental economic principles governing energy supply, demand, and markets.
  • Grasp the economic rationale for carbon pricing and the distinctions between carbon taxes and emissions trading systems.
  • Analyze the design elements and operational mechanisms of different emissions trading models.
  • Comprehend the economic impacts of energy policies and carbon pricing on various sectors and stakeholders.
  • Evaluate the role of renewable energy economics and energy efficiency in the global energy transition.
  • Develop practical skills in modeling energy markets and emissions trading scenarios.
  • Navigate international carbon market mechanisms and their interaction with domestic policies.
  • Formulate evidence-based recommendations for energy and climate policy design and implementation.

Course Content

  1. Fundamentals of Energy Economics
  • Overview of global energy systems and key energy sources (fossil fuels, renewables, nuclear)
  • Energy supply and demand analysis: elasticity, market forces
  • Energy market structures: competition, monopolies, oligopolies in energy sectors
  • Energy security and geopolitics of energy
  • Interlinkages between energy, economy, and environment
  1. Economics of Energy Policy and Regulation
  • Economic rationale for energy policy intervention: market failures (externalities, public goods)
  • Regulation of energy utilities and networks: pricing, investment, market design
  • Energy subsidies and taxation: economic effects and unintended consequences
  • Energy efficiency policies: rebound effect, behavioral economics
  • Role of policy in accelerating energy transition
  1. Renewable Energy Economics and Investment
  • Economic characteristics of renewable energy technologies (solar, wind, hydro, geothermal)
  • Cost of electricity generation: LCOE (Levelized Cost of Electricity) and LACE (Levelized Avoided Cost of Electricity)
  • Policy support mechanisms for renewables: feed-in tariffs, quotas, tax incentives
  • Challenges of renewable integration: grid stability, intermittency, storage
  • Investment appraisal for renewable energy projects
  1. Introduction to Climate Change Economics and Carbon Pricing
  • The economics of climate change: negative externalities, social cost of carbon
  • Economic arguments for carbon pricing as a mitigation tool
  • Carbon taxes: design, revenue recycling, economic impacts
  • Comparison of carbon taxes vs. emissions trading systems
  • Political economy challenges of implementing carbon pricing
  1. Emissions Trading Systems (ETS): Design Principles
  • Cap-and-trade mechanism: setting the cap, emission allowances
  • Allocation methods: auctioning vs. free allocation, benchmarking, grandfathering
  • Market stability mechanisms: price floors and ceilings, banking and borrowing
  • Scope and coverage of ETS: sectors, gases, participants
  • Monitoring, Reporting, and Verification (MRV) in ETS
  1. Operational Dynamics of Emissions Trading Markets
  • Functioning of carbon markets: primary and secondary markets
  • Price discovery in ETS: factors influencing allowance prices
  • Trading strategies in carbon markets: hedging, speculation
  • Impact of compliance cycles and regulatory changes on market dynamics
  • Market oversight and preventing manipulation
  1. Economic Impact Assessment of Carbon Pricing
  • Impact on competitiveness and carbon leakage concerns
  • Distributional effects: impact on households, industries, and vulnerable populations
  • Revenue recycling options and their economic implications
  • Macroeconomic effects: GDP, employment, inflation
  • Modeling tools for assessing carbon pricing impacts (e.g., CGE models - conceptual overview)
  1. International Carbon Markets and Article 6 of the Paris Agreement
  • Evolution of international carbon markets: Kyoto Protocol (CDM, JI)
  • The Paris Agreement and Article 6 mechanisms (cooperative approaches, sustainable development mechanism)
  • Key features and challenges of the new international carbon market rules
  • Double counting, environmental integrity, and corresponding adjustments
  • Role of international carbon markets in achieving NDCs (Nationally Determined Contributions)
  1. Energy System Models and Integrated Assessment Models
  • Introduction to energy system models: top-down vs. bottom-up approaches
  • Role of optimization and simulation models in energy planning
  • Integrated Assessment Models (IAMs): linking energy, economy, and climate systems
  • Using models to project energy demand, supply, and emissions pathways
  • Limitations and uncertainties in energy and climate modeling
  1. Advanced Topics and Future of Energy and Emissions Markets
  • Linking of ETS across jurisdictions: benefits and challenges
  • Role of voluntary carbon markets and offsets
  • Carbon border adjustment mechanisms (CBAM) and trade implications
  • Hydrogen economy and its integration into energy markets
  • Digitalization and blockchain in energy trading and carbon markets
  • Nature-based solutions and their role in carbon markets.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

Driving The Green Transition: Energy Economics And Emission Trading Models Training Course in Kenya
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