Skip to 0 minutes and 14 seconds What will our future look like?
Skip to 0 minutes and 25 seconds Will our cities continue to be fueled by burning fossil fuels and harvesting nuclear energy?
Skip to 0 minutes and 37 seconds Or will we live a life in a 100% renewable future fueled by solar and wind?
Skip to 0 minutes and 58 seconds How can we address the challenges of climate change?
Skip to 1 minute and 4 seconds Are we running out of time?
Skip to 1 minute and 12 seconds IPCC graphs show different scenarios with regard to emissions for the next 100 to 200 years. Each of these scenarios implies a different future setting. If we want to predict these settings and their impact on our society as well as on the environment, we need economic models. Model results have concrete practical implications. They influence policy decisions, like emission reduction targets, and company activities, like renewable energy investments. Thereby, one might say that models have an impact on our future. In this course, you will learn how economic models can be used to answer questions raised by environmental or energy policy.
Skip to 2 minutes and 1 second We will guide you through the different aspects of modelling so that in the end, you will be able to use a model to design your very own energy future. I am Frank Krysiak, Professor for Environmental Economics at the University of Basel and one of the lead educators during this course. My field of research is the design of environmental and energy policy. During this course, I will discuss the conceptual aspects of model design and environmental policy with you. I am Hannes Weigt, energy economist at the University of Basel and the second lead educator for this course. I will guide you through the more computational and energy related aspects.
Skip to 2 minutes and 50 seconds With climate change, regulation efforts, and new emerging technologies, energy markets are facing significant changes and challenges all around the world. Models can help us to better understand and evaluate those developments. So stick around if you want to know how our energy future could look like.
Why do we need economic models?
In this course, you will learn how our environmental and energy economic models can be used to answer questions raised by environmental and energy policy.
We will show you how to transfer a question to a model, solve the model, and interpret the results.
Energy markets are currently facing significant changes and challenges all around the world. Models can help us to better understand and evaluate those developments.
So stick around if you want to know what our energy future could look like.
You can view the profile pages of your fellow learners, and ‘follow’ them to keep track of their comments. We recommend that you follow the educators Frank Krysiak and Hannes Weigt. That way, you’ll be able to see all the comments that they make.
For the same reason it might be a good idea to follow the mentors of this course, who will help to guide the discussions: Rebecca Lordan-Perret, Sebastian Schäfers, and Hector Ramirez. Mentoring will take place from 5th October 2020 to 9th November 2020.
Courses such as this one attract thousands of learners, which means it is not possible for us to provide individual help in most cases. The big advantage however is that learners can help each other. So, if you know the answer to a question being asked, don’t be shy. Post an answer. If you ﬁnd an answer or comment helpful, please ‘like’ it, so the best answers can be found more easily by others (ﬁlter by ‘most liked’).
In some steps, we’ll provide additional learning material as external links or downloads. Please have a look at them as well.
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