The Economics of Energy Transition

Overview

In order to realize how one can encourage change and develop an innovative energy policy, an understanding of the economics of energy systems and its current issues is essential. Therefore, in the first course you will get to grips with the fundamentals of the energy markets and what influences their design and regulation. The economic theory is explained and illustrated using the European electricity markets.Using real life examples, we will dive into the complex energy system and understand the economic principles that drive it, the differing energy markets that exist, the important role of the electricity networks and how investment in the electricity sector is incentivized. After the first step, it is time to start speculating about the future. How do we transition from the present market to what the European Union has envisioned for 2050?

In the second course you will learn about the economics of different renewable energy sources and other technologies that can aid this transition. You will examine the business cases of renewable energy sources and technologies that can aid energy transition, and government policies currently being used to promote their growth. Find out how the EU intends to decarbonize.

  The Economics of Energy Transition Certificate in collaboration with Delft University of Technology (TU Delft) - DelftX is a Professional Certificate.

Job Outlook

• EU targets to reduce have net zero carbon emissions by 2050 and to keep global temperatures below 2 degrees Celcius (European Commission).
• To meet these targets, the energy transition must expand the current energy infrastructure to encompass new insights into economic policy and new technologies.
• Such an expansion requires not only new jobs but also adapting those currently employed to understand energy market dynamics and how to deal with diverse policies affecting the investment climate in energy.
• Job growth includes: managers, economists and engineers entering companies such as service companies, grid operators and transmission system operators, government departments for energy policy and regulatory authorities.