Business & Climate Change
Online: June 28 - July 9, 2021.
What will the format be?
The program will take place in a distance learning capacity - participants should plan for remote classroom sessions between 8 am and 7 pm (CET).
All course recordings will be made available to best accommodate participants in different time zones. More details regarding logistics will be provided prior to program start.
Participants will have the opportunity to work both individually and as part of teams during the program.
WHY THIS SUMMER PROGRAM?
- Learn to deal with real life cases and improve your knowledge of the energy industry.
- Accessible to students of all backgrounds who wish to have an impact on the global governmental and environmental landscape by thinking about energy in new and progressive ways.
- Unparalleled opportunity to collaborate with peers as part of a student work group.
- Final presentation to jury of renowned professionals including the Chief Economist of Deloitte France.
- Created and taught by leading professors and experts in energy and finance.
- HEC’s Master in International Finance has been ranked as the best in the world by the FT for the past 5 years.
The world is changing. Science has shown that the impacts of climate change are happening now, and faster than we had predicted, hitting populations from the Bahamas to Mozambique through to Australia, Western Europe, and the United States. Global temperatures are rising because of carbon emissions, largely caused by human activity. International reports indicate that we must limit global warming to 1.5° C by the end of this century to avoid irreversible and catastrophic impacts. For this to occur, carbon dioxide emissions need to decline by about 45 percent by 2030 and reach net zero in 2050. While the goal is within reach, it requires urgent and unprecedented social and economic transformation, which will lead to a radical redesign of the way we live, travel and do business.
At the end of this module, participants can expect to have acquired a good command of sustainable issues, climate and energy policies as well as geopolitics of climate and resources. They will have an in-depth understanding of the new energy price formation mechanisms, which are introduced by climate change and carbon pricing policies.
They will also have an understanding of how corporations are all affected by climate change and how their access to capital markets and their ratings are being impacted and challenged by new energy business models and socio-economic shifts.
The Summer School program includes interactive lectures, class exercises and tutoring sessions corresponding to case studies that participants address in groups and defend at the end of the course.
Upon successful completion of the summer program, participants will be able to do the following:
• Command global and regional resources/energy issues across the various segments of the value chain;
• Understand international and national energy & climate policies, including carbon taxation and carbon trading systems;
• Gain insight into the economics of new energie sources, including decentralization and digitization of energy systems, renewable capacity development, wind and solar energy contracts and regulations;
• Understand Positive Impact Finance, including new financing mechanisms and the new business model of the finance industry;
• Understand the new disclosure obligations from companies in the face of ESG Rating Agencies and the management of environmental and social risks.
Participants will be evaluated based on the following:
- Groupwork exercises
- Case study pitch
Successful completion of the program leads to the award of 7 ECTS credits.*
* All students are encouraged to consult their home institution to validate credit transfer.