FINN41515: Climate Finance

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• The goal of this course is to become equipped with analytical tools in Economics and Finance applied to the study of Green Finance and Sustainable Economics. There are many professional opportunities in the Green Finance sector. It is a rapidly emerging sector and it also plays a key role in the consulting and the traditional banking and finance sectors that face the threats of climate change. Moreover, in recent time, Green Finance sector has been a hotbed of new startup ventures. This makes green economy as one of the most important areas to understand.

• Sustainable investment methodologies;
• ESG Megatrends;
• ESG & Fixed income products;
• ESG & Banking;
• ESG & Equity, Private Equity & alternative investments;
• Climate risks assessments;
• Sustainable Real Estate;
• The course is on a contemporary set of issues, so the topics above are indicative and subject to change as the various political and economic mechanisms evolve with the ongoing debate on how to pay for climate change mitigation and resilience.

Subject-specific Knowledge:

• By the end of the module students should understand:
• and long-run climate risks;
• how to value financial instruments associated with climate investments.
• cap and trade policies and mechanisms;
• the impact of climate change on private and public financing.

Subject-specific Skills:

• By the end of the module students should be able to:
• apply appropriate quantitative techniques to climate risk;
• develop and price new financing products linked to green initiatives and low carbon investments;
• derive the term structure of climate risk;
• value investment in resilience.

Key Skills:

• By the end of the module students should have developed:
• quantitative modelling and analysis skills;
• group work and presentation skills;
• application of models and simulations in pricing and risk analysis;
• undertake applied empirical analysis.

• Blended teaching model, with some in person lectures, video-based discussion and presentations.
• Synchronous class blended in person and virtual classrooms with small group teaching.
• Flipped classroom using the prepared materials to deliver summaries of models and instruments needed in climate finance.

1. Group presentation in flipped classroom is assessed with oral feedback during the class. 2. A practice essay is undertaken as part of a group submission; written feedback will be provided

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