43026 Energy Economics, Optimisation and Policy
6cpRequisite(s): 41124 Electrification and Renewables Studio OR 43124 Renewable Energy Technology OR 42090 Introduction to Sustainable Microgrids OR 78 credit points of completed study in spk(s): MAJ03547 84cp Renewable Energy Engineering OR 78 credit points of completed study in spk(s): MAJ03548 114cp Renewable Energy Engineering OR 78 credit points of completed study in spk(s): MAJ03549 120cp Renewable Energy Engineering
Description
In the next decade, renewable energy technology will play an increasing role in building a carbon neutral economy and meeting global clean energy demand. As energy systems, related markets, policies and regulations are experiencing major changes due to energy transitions, relevant skills for a career in a future energy landscape are required to drive this energy transition within the necessary time frame.
This subject provides an opportunity to examine and understand the fundamentals of energy optimisation, energy efficiency, energy security, energy policy, the role of energy in the economy, economic methods of assessing and modelling energy, the economics of various sources of energy, techno-economic feasibility analysis, electricity markets, and other key topics in energy economics. The subject investigates key challenges, barriers and opportunities in optimising the energy planning, usage and cost. Students gain insights into how optimised resources, energy efficiency and policy can drive global energy sectors towards clean energy sources and thereby achieving NetZero and promoting economic development.
Detailed subject description.