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PEES9AA

Energy and Environmental MarketsEnvironment trading

Duration : 21 hours

ECTS Credits : 2

Semester : S9

Person(s) in charge:

Hervé Combeau, Professor, herve.combeau@univ-lorraine.fr

Keywords :

Energy market

Prerequisites:

None

Objective:

Examine the energy policies in relation to their main economic and environmental
challengesand get basic skills in the field of technical and economic optimization of energy consuming
industrial processes, with mathematical modelling

Program and contents:

• Macroeconomics of energy, major energy policies, geostrategy of energy (2 classes)

Growth, ressources, environmental constraints, sustainable development

• Financial mathematics applied to energy management (2 classes)

Hotelling rule, speculation, market's price

• Introduction to quantitative finance (2 classes)

Study of different models (Cos-Ross-Rubinstein, Black & Scholes...)

• Case studies (1 class) : oil price

Techno-economic optimization of industrial processes: accounting principles for energy,
optimal choice of investments, saving energy, techno-economic assessments, industrial
case studies (the networks that will be particularly examined: techno-economic optimization
of networks, the assumptions of the software used, economics, technology choices for
economic solutions).

Evaluations :

•  Written test

•  Continuous Control

•  Oral Report

•  Project

•  Written Report