Internat Energy Policy

3 Credits · Level: Graduate, Undergraduate

*This course will be taught by Manuel Pinho in Fall 2016.* The course will cover in the first 10 classes the world energy balance, the 3 main game changers (China, energy security and climate change) and the most important energy challenges from the point of view of the • US (shale gas and tight oil revolution), • China (external dependence, pollution), • Europe (20/20/20 strategy, single market, competitiveness), • Russia (investment, strategic cooperation with China), and • Developing countries (energy access for all). The remaining 3 classes will cover 6 special topics: • Energy Darwinism, The evolution of the energy industry (Citibank) • How China ́s resource quest is changing the world (E. Economy and M. Levi) • Fueling the future with natural gas (HIS CERA report on natural gas in the US) • Energy economics developments in Europe (European Commission) • Risky business: The economic risks of climate change in the US (Bloomberg- Paulsen report) • Outlook for Russian energy (International Energy Agency) The course includes Australia 2050, a web based game to create energy sustainability scenarios for Australia in 2050. Sample questions to which students will be able to provide a quantitative answer by the end of the course: i) world energy balance by demand and supply sources; ii) shale gas and tight oil reserves; iii) impact on world oil reserves of an improvement through technological progress of the rate of recovery; iv) energy demand and CO2 emissions in different GDP growth and carbon intensity for China; v) estimate of the levelized cost of electricity production in several regions of the world under different assumptions for fuel and CO2 prices.