The Sustainable Transportation Economy

Course Overview Transportation accounts for about 25% of global GHG emissions. Significantly reducing emissions in this sector is fundamental for addressing climate change. Historically, the technical and commercial tools for tackling emissions in this sector have lagged other sectors (for example, electricity production). But over the last several years, this dynamic has changed and there is now unprecedented capital and brainpower focused on transportation decarbonization. The course focuses on capturing the key elements that will speed the scale-up to low- and no- carbon transportation (“sustainable transportation”) across the breadth of transportation sectors. In doing so, this scale-up will create new industries and business models – and has the potential to benefit a wide group of people, including those who in the past have been disproportionally affected by poor air quality caused by existing transportation sources. The course is designed for any student who wishes to understand these elements in a deeper way. The course will explore the decarbonization opportunities and challenges across the various transportation sectors, including light duty, commercial fleets, public transportation, aviation, and marine sectors – as well as areas that cut across all sectors, such as battery adoption, the supply chain for materials, fueling/charging. and the impact of hydrogen. Because the carbon content of propulsion fuels is dependent on other sectors (for example, the transition to renewable electricity), the course will examine the energy transition in transportation in the context of broader decarbonization trends. In exploring each transportation sub-sector, the course will focus mainly from the commercial perspective, but will incorporate the external factors (e.g., innovation, policy, macro-factors) that affect commercial success. The course is intended for anyone wishing to further their knowledge or their career in the areas of sustainable transportation – especially in areas related to electric transportation. The course will rely on lectures and discussions, both led by the professor and guest lecturers. There are no prerequisites for the course. The course assignments will include a combination of problem sets, financial modeling, and case studies/written assignments. No previous financial modeling experience is required; the professor and/or TA will provid