In the first level of the “Emissions, Emission Markets & Trading” programme focus is on the actual, physical emission of greenhouse gasses. The Kyoto protocol and its (potential) follow ups are incorporated in this programme.
During this programme students learn about technical solutions to lower emissions. Sustainable energy (renewables, such as biofuels) are covered.
This programme also covers financial solutions in the form of subsidies and taxation. And students learn about trading-related solutions. The European Union mandatory regime is incorporated as well as voluntary mechanisms.
Knowledge of physicality and technical background are essential in order to understand pricing mechanisms and the organisation of emission markets. Without this know how one cannot embed logic with respect to trading & risk management.
Fundamentals of emissions
Emission rights – Carbon markets
Emission trading scheme (ETS)
Clean development mechanism (CDM) & Joint implementation (JI)
Guarantee of origin, green certificates & others
Pricing of emission rights
Exam & Certification