Arnaud Goussebaïle: Katalogdaten im Herbstsemester 2024 |
| Name | Herr Dr. Arnaud Goussebaïle |
| Adresse | Integratives Risikomanag. und Ök. ETH Zürich, SEC F 3 Scheuchzerstrasse 7 8092 Zürich SWITZERLAND |
| Telefon | +41 44 633 86 86 |
| agoussebaile@ethz.ch | |
| Departement | Management, Technologie und Ökonomie |
| Beziehung | Dozent |
| Nummer | Titel | ECTS | Umfang | Dozierende | |||||||||||||||||
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| 363-1106-00L | The Economics of Climate Change | 3 KP | 2G | A. Goussebaïle | |||||||||||||||||
| Kurzbeschreibung | After an introduction to the issue of climate change, we will see the policy instruments that can be used to mitigate it. We will then discuss the optimal level of these policies. Finally, we will analyze the political constraints that limit their implementation. | ||||||||||||||||||||
| Lernziel | Students will acquire a general understanding of the problem faced by the society with climate change, as well as the ways and the obstacles to deal with it. From a technical point of view, this course intends to teach participants the main tools used in economic sciences to discuss the problem of climate change, understand its key determinants, advise policy makers and understand the constraints of the latter. | ||||||||||||||||||||
| Inhalt | The introductory part will explain why climate change represents a main issue for our societies. We will see the anthropogenic causes (i.e. greenhouse gas (GHG) emissions), the physical mechanism and the economic consequences of climate change. Then, we will introduce economic science modeling with the notion of externality to explain the excessive GHG emissions and characterize the societal challenge raised by climate change. The second part of the course will present the different policy instruments for reducing GHG emissions (emission taxes, abatement subsidies, cap-and-trade system, standards). We will compare their performance and their distributional effects with regard to several aspects, with a special focus on the impact of uncertainty. The third part of the course will focus on the level at which climate policies should be implemented, which depends on the cost of GHG emission abatement and the benefit of climate change mitigation. We will analyze the main drivers of the optimal emission abatement level, in particular discounting. We will also detail the economic models developed to evaluate the optimal abatement, namely Integrated Assessment Models. The last part of the course will address the reasons why policy makers have only weakly implemented climate change policies up to now. We will discuss the difficulties of finding an international agreement for GHG emission reduction in a world with a large number of countries. We will also see why the time delay between GHG emissions and climate change may make society and policy makers reluctant to implement significant climate change policies. | ||||||||||||||||||||
| Skript | Lecture Notes of the course will be sent by email to officially subscribed students. | ||||||||||||||||||||
| Literatur | The main reference of the course is the set of lecture notes; students will also be encouraged to read some influential academic articles dealing with the issues under study. | ||||||||||||||||||||
| Voraussetzungen / Besonderes | Elementary knowledge of economic theory is a plus but not a prerequisite. | ||||||||||||||||||||
Kompetenzen |
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| 365-1190-00L | Climate Risk and Sustainability in Finance and Insurance  Exclusively for MAS MTEC students (3rd semester). Please register by 02.09.2024 at the latest via myStudies. | 2 KP | 2V | B. Huber, B. J. Bergmann, D. N. Bresch, A. Goussebaïle | |||||||||||||||||
| Kurzbeschreibung | As extreme weather, driven in concert with a changing climate, will continue to evolve and become increasingly severe over time, it is generally rendering greater costs across industry sectors. This course introduces climate risk modelling and how to derive business decisions from it, how to identify and assess sustainability in the current regulatory environment. | ||||||||||||||||||||
| Lernziel | The main objectives of the course are: - Get an idea of climate change causes, physical vs. transition risks, consequences and scenarios, economic trade-offs, and the barriers for mitigation policies. - Understand climate risk modelling and how to derive actionable results from it. - Understand the basics of sustainability risks and ESG, basics of sustainability and the role of banks and insurers. - Learn about the latest regulatory developments and the most relevant sustainability frameworks and initiatives. - Learn from experts from industry and agencies how they tackle the challenges towards a sustainable economy. - Get practice insights on a sustainable investment strategy. - Learn about regulation and types of greenwashing. - Learn about green fintech initiatives and startups from the Swiss ecosystem. The Course is offered as a block course, allowing for a workshop character. Students will work in groups on selected cases on each day and share their thoughts and findings with industry professionals. Participation on all course days is mandatory. Performance assessment is based on active contribution and presentation of group work and cases. | ||||||||||||||||||||
| Inhalt | Climate change is on par with political instability, violent conflicts, cybersecurity and volatile interest rates. However, there is one exception – these other factors will eventually reverse course – climate change will not. This MAS MTEC elective lecture aims to empower future business leaders to navigate the intersection of climate risk and sustainability. By engaging with industry experts, start-ups, and thought leaders, participants will gain practical insights and actionable strategies to create positive impact within their organizations and beyond. This course is structured as follows: - Day 1: Introduction to Climate Risk, climate change causes, physical vs. transition risks, consequences and scenarios. Treating uncertainty in modeling climate-related financial risk, fundamentals of Climate risk modelling and how to derive business decisions from it. - Day 2 & 3: basics of sustainability risks, the sustainability frameworks, and initiatives. Definition and origin of ESG, drivers of ESG and how to measure ESG, the role of banks, insurer and the real economy, regulation and reporting standards. Case study on understanding how companies identifies and priorities financial and non-financial risk; how effectively is the organization achieving its sustainability goal and how double materiality influence the strategic decision-making process. - Day 4: Corporate Innovation in the context of climate risk, insights on innovative solutions from green fintech and start-ups on how to leverage technology to promote sustainable finance. During the 4 days, participants will also learn and hear from the guest speakers about cultivating leadership skills to address climate-related challenges, ethical decision-making, and fostering a culture of resilience in order to promote organizational agility and adaptability. The course is not targeted to participants with a background and work experience in the finance, banking, or insurance sector only. This course will benefit from participants with diverse backgrounds and industry experience. | ||||||||||||||||||||