Lernziele/ Learning targets
Understanding all factors (economic and policy) which determine what drives the energy industry – demand by sector,
fuel mix, price trends and environmental emissions. How short-term operational and long-term investment decisions are
made.

Inhalt/ Contents
High level overview of national fuel mix and factors leading to changes and CO2 emission reductions
Renewables technology, costs and policy support
Fossil fuels basics – technology, global supply and markets, role of OPEC
Electricity generation – long-run and short-run decisions
Means to reduce CO2 emissions – trading systems, taxation and regulation
Role of energy and environmental policy including energy efficiency
Price formation and competition at wholesale and consumer level
Role of taxation along energy supply chain
Elasticities and KPIs
Investment decision-taking – discounted cash flows and annuities