The aim of this module is to provide a comprehensive understanding of the theory and the practice of energy economics, the principles of design, the financing and implementation of investments in energy systems. It aims to provide a solid background in the field of sustainable energy systems by understanding the frameworks and mechanisms which govern energy systems and markets. The students will learn the fundamentals of energy systems’ economics and will be able to evaluate alternative modes of energy supply, taking into account the challenges and the constraints of renewable and non-renewable energy systems by appreciating the economic framework within which decisions are made. Emphasis will be placed on issues of developing renewable energy systems in a period of profound and rapid change of national and international energy markets driven by processes of privatisation and liberalization.


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