Financing Clean Energy Economy

We need to transition toward a more environmentally sustainable society given both pollution and its health effects, and the impacts of extreme weather and climate change. The production and consumption of energy is the largest contributor to these concerns, and so the transition to a clean energy economy is essential. The increasing energy needs of the world’s growing population make this an ongoing challenge. At the same time, energy security and affordability, and social and economic inequities, must also be considered. New technologies and effective policies are needed to help drive increased deployment of renewable energy and energy efficiency. Finance is also a key lever to drive the implementation of clean energy. The availability and cost of capital is a key determinant in scaling renewable energy and energy efficiency technologies. This course focuses on the finance and market aspects of the clean energy economy, and integrates technology, policy, and finance to evaluate both the opportunities and challenges. There is a focus on renewable energy generation, as mass electrification using cleaner generation sources is necessary to sustain our energy-dependent lives and economies. The course also looks at energy efficiency, including specific end-uses of energy that are responsible for the majority of emissions (e.g., personal vehicles, buildings). Throughout the course, finance will be analyzed as a barrier to, or enabler of, greater adoption of clean energy, particularly as we think about the allocation of capital.