Carbon and Energy Management

University of Queensland

Course Description

  • Course Name

    Carbon and Energy Management

  • Host University

    University of Queensland

  • Location

    Brisbane, Australia

  • Area of Study

    Environmental Science, Environmental Studies, Field Component, Urban Studies and Planning

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

    2
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    Course Description
    This course studies contemporary carbon and energy management issues and practices in both global and regional contexts. Students will develop skills in a series of important carbon and energy management tools. Students will participate in a range of practical learning exercises including, developing a carbon footprint, conducting an energy audit, appraising emissions abatement activities, designing carbon offset projects, and participating in an emissions trading simulation game. The course teaches students how to manage the risks and take advantage of the opportunities arising from various international and Australian climate change mitigation and energy industry legislation (including the Australian National Greenhouse and Energy Reporting Act; Clean Energy Act (Carbon Pricing Mechanism), Carbon Credits Act (Carbon Farming Initiative) and Energy Efficiency Opportunities Act). The course also includes guest presentations from industry experts and field trips to prominent renewable energy installations.
     
    *This course has a field trip component. Additional fees, paid directly to the university, may apply.
     
    Course Introduction
    This is an advanced course of carbon and energy management. The course starts by briefly discussing concepts of climate change, public policy options to manage greenhouse gas emissions, and the theory of cap and trade types of emissions trading schemes. The history of international climate change mitigation policy is reviewed and mandatory emissions trading schemes such as the EU ETS, NZ ETS, California ETS, 7 pilot schemes in China, and the proposed schemes in Japan, Canada and the USA are briefly discussed. Voluntary carbon markets are also discussed. We then look at one example of a mandatory emissions trading scheme - the Australian Clean Energy Act (the Plan) - in detail to further investigate how the design of emissions trading policy can influence the dynamics of carbon markets. The course will also look at the current government's Direct Action Plan and Emissions Reduction Fund. The remaining half of the course is then framed around how businesses can manage their compliance obligations under carbon pricing schemes. This includes: how organisations can estimate their carbon footprint in accordance with methods stipulated under the National Greenhouse and Energy Reporting Act 2007; how firms can develop marginal abatement cost curves for their businesses; how firms can engage in permit auctions and secondary markets for permit trading (including a brief review of some of the financial instruments likely to be available); and the role of renewable energy, offsets and cleaner forms of production (including energy efficiency) in firm-level emissions management. Two types of offsets are examined in detail; Clean Development Mechanism projects and Carbon Farming Initiative projects. The important role that land use and forestry play in the Australasian climate change mitigation context is also highlighted. Whilst the course pays particular attention to the Clean Energy Plan, the lessons are very relevant to emissions trading management and environmental market development in other countries. One of the features of the course is how it enables students to engage with some of Australia's leading business managers - through workshops, practicals and projects - to learn how businesses will engage in emerging environmental markets.
     
     
    Learning Objectives
    After successfully completing this course you should be able to:
    1. Demonstrate an understanding of key principles of carbon and energy management.
    2. Demonstrate an understanding of relevant carbon and energy policy.
    3. Demonstrate an understanding of carbon management activities such as carbon inventory, carbon abatement and carbon offset project design and appraisal, and energy efficiency planning.
    4. Demonstrate a practical understanding of how businesses should go about complying with a carbon pricing scheme.
     
    Class Contact
    4 Contact hours
     
     
    Assessment Summary
    In Class Quiz: 40%
    Practical: 20%
    Paper: 40%
     

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.