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EN 606/ 403 Energy Resources, Economics & Environment 3-0-0-6

This document provides information about the course EN 606/ 403 Energy Resources, Economics & Environment. The course will equip students with tools for economic analysis and quantification of impacts of energy systems. Students will learn about availability of energy resources and methods to quantify resource depletion and scarcity. Key concepts in economics and their application to energy systems will be covered, including tools for project economics from individual and societal perspectives. The course will also discuss concepts in welfare economics and environmental economics necessary for energy systems analysis and their environmental impacts. The assessment will comprise assignments, projects, in-semester tests, and an end-semester exam. Attendance is compulsory and will be incentivized.

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Sandeep Sabnis
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104 views

EN 606/ 403 Energy Resources, Economics & Environment 3-0-0-6

This document provides information about the course EN 606/ 403 Energy Resources, Economics & Environment. The course will equip students with tools for economic analysis and quantification of impacts of energy systems. Students will learn about availability of energy resources and methods to quantify resource depletion and scarcity. Key concepts in economics and their application to energy systems will be covered, including tools for project economics from individual and societal perspectives. The course will also discuss concepts in welfare economics and environmental economics necessary for energy systems analysis and their environmental impacts. The assessment will comprise assignments, projects, in-semester tests, and an end-semester exam. Attendance is compulsory and will be incentivized.

Uploaded by

Sandeep Sabnis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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EN 606/ 403 Energy Resources, Economics & Environment

3-0-0-6

Energy systems offer a variety of choices for individuals, companies and society. The history of
human development has been accompanied by an increasing use of energy services. The
depletion of fossil fuel reserves and the externalities associated with energy systems (health,
environment etc..) have resulted in a focus on a search for energy systems that are sustainable.
Most decisions in the real world are based on an economic assessment This course will equip
students with the tools necessary for economic analysis and quantification of impacts of energy
systems. We will review the availability of energy resources and study methods for quantification
of resource depletion and scarcity. The course will cover basic concepts in economics and their
application to energy systems. Tools and techniques for project economics for an individual/
company perspective and macro-decision making for society will be introduced. We will discuss
basic concepts of welfare economics and environmental economics that are necessary for energy
systems analysis and their environmental impacts.
ASSESSMENT
ASSIGNMENT

10 marks

PROJECT

30 marks

INSEM TESTS (2)

20 marks

ENDSEM EXAM

40 marks

___________________________________________________________________________
LECTURE TIMINGS: SLOT 3, MON. 1035, TUE. 1135, THU.- 0830

Venue: IC4 (SOM Bldg)

___________________________________________________________________________
Rangan Banerjee
(Extn:7883, email:[email protected],[email protected])
TAs: Rahul Katyal ([email protected]), Deepak Yadav ([email protected]),
Annirudh Shrivastava ([email protected]), Iyengar Pranit Shriniwas ([email protected]),
Balkrishna Surve ([email protected])

Attendance: Attendance in classes and presentations is compulsory. To encourage


100% attendance, an incentive of + 5 marks in the in semester will be given for 90%+
attendance, a penalty of -3 marks for attendance between 70-80 % and a penalty of -5
marks for attendance less than 70%.

The following is a tentative breakup of topics & no. of lectures:


S.No.

Topic

No. of
lectures

Course Overview, Issues related to Energy systems- energy and


growth, energy and equity, quality of life, energy and environment.
Country Energy Balance Construction India and World Disaggregation by supply , Disaggregation by end-use, Energy intensity,
Kaya Identity

Energy Economics - Simple Payback Period, Time Value of Moneydiscount rate, Criteria for Assessing Energy Projects -IRR, NPV, Life
Cycle Costing, Cost of Saved Energy , Cost of Energy generated,

Resources & Reserves Growth Rates in Consumption, Estimates of


Duration of Fossil Fuels, McKelvey Diagram, Peak oil, Hubberts
model

Economics of natural resources scarcity, non-renewable resources,


Hotellings rule, renewable resource economics

Utility function , Indifference curve, Public goods, private goods, Pareto


Optimality, Intergenerational Equity, Risk and Uncertainty

Externalities, Economics of Climate Change, Valuing the Environment,


Coase Theorem

Quantifying Environmental impacts, DALY, ,Emission factors, Emission 4


inventories

Energy Chain, Primary energy analysis, Net Energy Analysis


Examples, Energy Cost of Energy, Life Cycle Analysis of Bioenergy

Financing Energy Debt/ Equity- Sources of funds, innovative financing 3


models

10

Energy Policies- market or mandate, Regulation, Interventions

11

Future Energy Systems and Sustainability

Important Dates:
July 22

Assignment topic allotment

July 28

Course project group finalization, Indicative topic list

July 29

Assignment group submissions (on moodle)

July 31

Course project allotment

August 5

Mock UN meeting (8:15pm -11pm)

August 11

Submission of course project proposal / write-up (on moodle)

Interim presentations/ review on course project (dates to be provided)


Sept.7-12

Class test 1 (Mid semester examination)

October 16

Class test 2

November 3 :

Final course project submission (on moodle)

Nov. 3-7

Final presentation (Extra slots to be decided for presentations)

Nov. 9-21

End Semester Exams

Reports for assignment and course project must be original work and your own writing.
Any assignment or project that is copied will be rejected.

References
1.

2.
3.
4.
5.
6.

7.

GEA, 2012: Global Energy Assessment - Toward a Sustainable Future,


Cambridge University Press, Cambridge, UK and New York, NY, USA and the
International Institute for Applied Systems Analysis, Laxenburg, Austria. ( mainly
Chapter 1 - Energy Primer pp. 99-150, Chapter 3- Energy and Environment-pp.
191-254.Chapter 4 Energy and Health pp. 255-324)
Webb, M.G., and Ricketts, Martin J., The Economics of Energy, The
Macmillan Press Ltd., Hong Kong, 1980.
A. V. Kneese and J. L. Sweeney, Handbook of Natural Resource and
Energy Economics, Volume 3, Elsevier Science Publishers B.V,1991.
Conrad, J. M., Resource Economics, 2nd Edition, Cambridge University Press,
New Delhi, 2010.
Hanley, N., Shogren J. F. and White, B., Environmental Economics in Theory
and Practice, Macmillan India Ltd., New Delhi, 1997.
Tester J.W., Drake E.M., Driscoll M. J., Golay, M.W, Peters, W.A.,
Sustainable Energy Choosing Among Options, PHI Learning Private Limited,
New Delhi, 2009.
J.M. Conrad and C.W. Clark, Natural Resource Economics, Cambridge University
Press (1987).

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