Energy Market Dynamics in a Decarbonizing Economy

2-0-4 units · Graduate

Explores how energy markets function, what changes as the world decarbonizes, and the role of new technologies in this change. Examines how market outcomes are influenced by policies, with a focus on environmental policies. Uses economic tools to analyze efficiency and public policy challenges in interconnected energy and environmental markets. Topics include how electricity markets are shaped by large-scale renewable penetration, how decarbonization policies affect different regions and socio-economic groups, measuring the social costs of climate change, and the role of critical minerals in a decarbonizing world. Students gain experience in linking theory to real-world policy problems, particularly through a team-based electricity market simulation that mirrors decision-making by market participants. Expectations and evaluation criteria differ for students taking graduate version; consult syllabus or instructor for specific details. Limited to 65.