Economics and Policy of Energy and the Environment

The MSc in Economics and Policy of Energy and the Environment at University College London offers an interdisciplinary approach to understanding the complex issues surrounding energy markets, environmental policies, and sustainable development. This program is designed for students who are interested in the economic and policy dimensions of energy and environmental challenges facing the modern world. It provides a comprehensive curriculum that combines rigorous economic theory, policy analysis, and practical skills to equip graduates with the ability to analyze and address pressing global issues related to energy production, consumption, and environmental sustainability.

Throughout the course, students will explore key topics such as the economics of energy markets, climate change mitigation strategies, environmental regulation, and the role of government and international organizations in shaping energy and environmental policies. The program emphasizes the application of quantitative methods and economic modeling to analyze real-world problems, enabling students to develop evidence-based solutions. In addition, students will be engaged in case studies, policy debates, and project work that encourage critical thinking and practical problem-solving skills.

The interdisciplinary nature of the program means that students will also gain insights from environmental science, political economy, and law, fostering a holistic understanding of the multifaceted issues involved in energy and environmental policymaking. The curriculum is taught by leading academics and industry experts, ensuring that students receive current and relevant knowledge. Furthermore, the program benefits from UCL’s strong links with policymakers, industry stakeholders, and research institutions, providing students with valuable networks and internship opportunities.

Graduates of this program can pursue careers in government agencies, international organizations, environmental consultancy firms, energy companies, and research institutions. They will be well-equipped to develop and evaluate policies aimed at promoting sustainable energy use, reducing environmental impact, and addressing climate change. With a rigorous academic foundation and practical experience, alumni are prepared to contribute effectively to advancing sustainable development goals and tackling the environmental challenges of the 21st century.

Students will reach a deep understanding of different economic and policy approaches to the resource and environmental problems facing the global community and nation states, especially in respect to energy and climate change. They will learn how to apply a variety of analytical methods to resolve these problems in a broad range of practical contexts.

Students undertake modules to the value of 180 credits.

The programme consists of five core modules (75 credits), three optional modules (45 credits) and a dissertation (60 credits).

Core modules

• Environmental and Resource Economics
• Evidence, Policy Assessment and Environmental Law
• Modelling, Methods and Scenarios
• Planetary Economics and the Political Economy of Energy and Climate Change
• Research Concepts and Methods

Optional modules

• Advanced Energy-Environment-Economy Modelling
• UK Energy and Environment Policy and Law
• Energy, Technology and Innovation
• Energy, People and Behaviour
• Business and Sustainability
• Advanced Environmental Economics
• Econometrics for Energy and the Environment

The list of optional modules is correct for the 2016-17 academic year. Enrollment on modules is subject to availability.

Dissertation/report

All students undertake an independent research project which culminates in a 10,000-word dissertation.

Teaching and learning

The programme is delivered through a combination of lectures, seminars, tutorials and project work. Assessment is through examination, coursework and by dissertation.

Normally a minimum of an upper second-class UK Bachelor’s degree in a relevant discipline (economics, economics-plus, a science or engineering subject) or an overseas qualification of an equivalent standard is required. A non-quantitative degree may, however, be considered provided that some aptitude, e.g. at A level, has been demonstrated for quantitative analysis. These requirements may be relaxed for mature students who can demonstrate aptitude and experience, for example, in business or government.

The Financing of the Economics and Policy of Energy and the Environment MSc program at University College London offers a range of funding options to support prospective students. Tuition fees are determined annually and vary depending on the student's fee status, with international and UK/EU students potentially facing different fee levels. UK students may be eligible for government funding such as loans provided by Student Finance England, which can cover tuition fees and living costs. These loans typically have favorable repayment conditions, starting after graduation when earning above a certain threshold. International students are generally responsible for paying the full tuition fee; however, they can explore scholarships, bursaries, and sponsorship opportunities available through UCL or external organizations.

UCL offers a variety of scholarships aimed at supporting master's students, including the UCL Global Scholarships, which provide partial or full fee waivers based on academic merit and financial need. In addition to university-funded awards, students can apply for external funding from government agencies, international organizations, and private foundations. Some students may qualify for research council funding if their program aligns with certain research priorities, although this is more common for PhD students.

Financial planning for students should also consider additional expenses such as accommodation, travel, health insurance, books, and living costs. UCL provides guidance and resources to help students identify financial aid sources and manage their budgets effectively. Some students may choose to work part-time during their studies, subject to visa regulations, to supplement their income.

The university encourages early application for scholarships and funding opportunities to maximize chances of securing financial support. Eligibility criteria, application deadlines, and the amount of funding vary, so students are advised to consult the official UCL scholarships webpage and relevant external sources for the most current and detailed information. Overall, while tuition fees and living costs can be substantial, there are multiple financial aid pathways aimed at making the MSc program accessible to talented students from diverse backgrounds.

The MSc in Economics and Policy of Energy and the Environment at University College London (UCL) is a specialized postgraduate program designed to equip students with a comprehensive understanding of the economic principles and policy frameworks that govern energy systems and environmental management. The curriculum integrates core concepts from economics, environmental science, and policy analysis, enabling graduates to analyze complex issues related to energy production, consumption, sustainability, and climate change. The program emphasizes the development of analytical skills through rigorous training in economic modeling, statistical analysis, and case studies of energy markets and environmental policies.

Students will explore topics such as renewable energy technologies, market-based instruments for environmental regulation, climate change economics, energy security, and the socio-economic impacts of environmental policies. The learning approach combines lectures, seminars, tutorials, and practical exercises, fostering a collaborative environment that encourages critical thinking and problem-solving. The program also benefits from UCL’s strong research focus and its location in London, providing opportunities for engagement with policymakers, industry leaders, and research institutions.

Graduates of this program are prepared for diverse careers in government agencies, international organizations, environmental consultancy firms, energy corporations, and research institutes. They will possess sophisticated quantitative skills, strategic insights, and policy analysis competencies that are highly valued in the fields of energy and environmental policy. The program typically requires one year of full-time study, with potential part-time options available. Admission criteria include a relevant undergraduate degree, preferably with a strong foundation in economics, environmental sciences, or related disciplines, along with a demonstrated interest in energy and environmental issues. Overall, this MSc program aims to produce well-rounded specialists capable of contributing innovative solutions to the pressing challenges of energy transition and environmental sustainability worldwide.