The Transition to the Decarbonised Economy of Tomorrow
Source: https://learningforlife.tudelft.nl/the-transition-to-the-decarbonised-economy-of-tomorrow/ Parent: https://learningforlife.tudelft.nl/our-courses/energy/energy-policy-making-temp-name/
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- The impact of the energy transition on energy markets, including the introduction of renewable energy sources and storage technologies.
- To understand the business case for renewable energy technologies and to detail different support schemes for renewable energy sources.
- To discuss different methods of carbon pricing, including discussing the origin and the implementation of the emission trading scheme.
- To describe the goals and appearance of the European energy system and energy market of 2050, discussing the steps necessary to achieve these goals.
Free
- Type Course
- Location Online
- Pacing Instructor-paced
- Length
For instructor paced courses this is the length of the course.
For self-paced courses this is the length of the course if you spend the amount of time per week as specified. You're free to go faster or slower as you see fit.
5 Weeks - Effort 4 - 6 Hours per week
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Dive into the economic strategies for promoting the energy transition: technologies, policies, pricing, emission trading and more.
How can economic strategies bring our current, fossil fuel based energy system into a carbon neutral future? According to the International Panel on Climate Change, we have only limited time left to keep global temperatures below 1.5 degrees Celsius and to avoid a climate crisis. How do we go about decarbonizing our economy? What are the best renewable energy sources to bring about this transition? And how do we convince investors that renewables really are the best option?
These and more questions will be addressed in this course. Moreover, we will identify the steps the European Union needs to take to reach its goal of a carbon neutral economy by 2050.
In order to understand the energy transition options, we will examine the impact the introduction of carbon free energy production has on the market. Increasingly wind and solar power and other technologies, are integrating into the energy mix at a high level. Looking at real life cases and expert predictions, you will look into these technologies, their integration in current market designs and the economic strategies needed for their implementation.
None of this can be done, of course, without the help of governmental policies. Using real life case studies, you will learn about the business case for renewable energies and how government support schemes, such as subsidies and green certificates, are currently driving the boom in the renewable energy sector. You will also learn about the implementation of carbon markets and carbon pricing and be able to discuss how effective this strategy has been in the European Union.
Finally, we will be looking to the future, examining the visions that have been outlined for 2030, 2050 and beyond. The course will ask you to envision the future of energy supply: how would you shape the carbon free world? There are already many ideas out there, but nothing is certain. You could be the next great mind helping to mold the future into the sustainable and carbon-free world we all want to live in.
This course is the second one in the program: The Economics of the Energy Transition. This program aims to help strategic decision makers, economists, policy advisors and regulators as well as practicing and future engineers to obtain a deeper understanding of the topic. Its aim is to increase your understanding of energy markets, the current European electricity market and to be able to promote the transition to a carbon neutral economy. - Details
##### Course Syllabus:
Week 1: Key elements of energy markets and the energy transition\ Why we need the energy transition and the tools and technologies currently working towards achieving this, including renewable energy sources and flexibility options..
Week 2: The economics of renewables and renewable energy policies\ The business case for renewable energies and the different support schemes in place to integrate them into the energy market.
Week 3: Decarbonization and carbon markets\ The different methods of carbon pricing and the emission trading scheme, using the European union as a case study.
Week 4: Energy Vision of the European Union\ The 2050 goals for the European energy market, what is needed to be done to achieve these goals. That will outline how the energy system will look like by that time.
Week 5: Next steps forward - Qualifications
##### Chartered Engineering Competences
All our online courses and programs have been matched to the competences determined by KIVI’s Competence Structure, a common frame of reference for everyone, across all disciplines, levels and roles.
These competences apply to this course:
- A1: Extend your theoretical knowledge of new and advancing technologies.
- D1: Identify all stakeholders and communicate with others at all levels.
- E3: Undertake engineering activities in a way that contributes to sustainable development and a circular economy.
- Admission
This is a Massive Open Online Course (MOOC) that runs on edX.
##### Prerequisites
None. Following the MOOC "Energy Markets of Today" beforehand is recommended but not required.
- Course format: MOOC
This course is a Massive Open Online Course (MOOC). Our MOOCs are delivered on edX.org and are open to all. They include video lectures, readings, assignments, and community discussions. Content is free, with optional certificates and additional exercises available for a fee.
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