IC210-Environmental Economics

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:5
Terms in which taught: Spring term module
Pre-requisites: IC101 Introductory Securities and Markets
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Dr Antony Moore
Email: t.moore@icmacentre.ac.uk

Type of module:

Summary module description:

This module has two broad parts: The first part covers the basics of climate science, including CO2 reduction targets, national and international-level commitments and international agreements. The relevant environmental issues are discussed separately for different sectors of Finance, and their importance is emphasized. The second part of the module deals with Climate Change. In this context, its impacts are discussed, as well as channels of adaptation to and mitigation of Climate Change. Finally, the related Risk Management techniques are covered.

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Aims:

This module provides an understanding of the main topics in Climate Science and climate change, and their implications for decisions in Finance.

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Assessable learning outcomes:

By the end of the module, it is expected that students will be able to:Ìý

• demonstrate knowledge and understanding of the basis of and the latest developments in Climate Science and climate change;Ìý


• explain the impacts of climate change and ways to adopt to and mitigate climate change;


• describe the implications of these on decisions made in Finance, such as portfolio management and risk management;Ìý


• outline the latest national and international regulations; andÌý


• describe the characteristics of Climate Science in different sectors of Finance.Ìý

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Additional outcomes:

Outline content:

1. Climate Science and the basis of climate change

2. CO2 reduction targets, UK government commitments, and EU and International agreements

3. Sector analysisÌý

4. The UN Sustainability Goals

5. Impacts and adaptation to Climate Change

6. Mitigating Climate Change.

7. Portfolio Management and Risk Management in view of Climate Change.

Brief description of teaching and learning methods:

The topics are introduced in the lectures which are then followed by seminars.Ìý

Summative assessment- Examinations:

One written final examof length 2 hours.

The examination for this module will require a narrowly defined time window and is likely to be held in a dedicated exam venue.

Summative assessment- Coursework and in-class tests:

1 written individual essay of approximately 1,500 words with submission date in week 10 of the term.Ìý

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Formative assessment methods:

Seminar questions are assigned for each class. The seminar leader will facilitate discussion and offer feedback.

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Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy.Ìý

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Assessment requirements for a pass:

40% weighted average mark

Reassessment arrangements:

By written examination only, to be taken in August/September, as part of the overall examination arrangements for the programme.

Additional Costs (specified where applicable):

Last updated: 22 September 2022