Last modified: 05 Aug 2021 13:04
To provide an insight into the legislation and the economics framework which shape UK, European and international energy provisions from conventional and renewable sources. The course also aims to cover the fundamental safety issues which are important for the all renewable energy technologies.
| Study Type | Postgraduate | Level | 5 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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This course examines global energy supply and demand relation in the context of legislations involving climate change, energy transmission and sustainability issues. The course will inform students on how economics and safety may impact on the operation of the renewable energy industry.
Legislation
Climate change
Carbon trading, EU Emission Trading System
Financial support for renewables
Electricity, heating and transportation
Energy transmission and distribution
Sustainability
Safety
Evaluation and assessemesnt of safety for renewable energy installations
Economics
Global energy supply-demand relations
Concept of time value of money
Discounted cash flow and NPV
Other investment appraisal measures
Internal rate of return (IRR)
Selecting between alternatives in a business context
Cost reduction of renewable energy
Information on contact teaching time is available from the course guide.
Assessment (30%)
Open Book exam (70%)
Resit
Re-sit of only the failed assessment component(s)
There are no assessments for this course.
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Reflection | Understand | ?Supply-demand relations of energy in the areas of renewable energy sources.?The UK, European and international legislations with which current new build and future projects must comply.? |
| Reflection | Create | •Communicate in writing to technical experts and the wider public.•Demonstrate advanced reasoning skills.•Present complex information in an intelligible fashion. |
| Reflection | Apply | ?Discuss and explain the relationship between market energy demands and the costs of renewable energy.?Debate and explain the implications and impact of legislation and international treaties. |
| Reflection | Evaluate | •Evaluate different sources of renewable energy.•Evaluate scenarios to meet energy targets and policy demands. |
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