Welcome to the Environmental Finance class 2012/2013!
The course is designed to give students the knowledge and the theoretical tools to answer these and other more general questions in the context of the so-called en- vironmental finance theory. This is a new research strand that investigates the economic, financial and managerial impacts of market-based environmental policies and attempts to develop instruments to mitigate the possible negative effects on the economy which arise from such environmental policies. By the end of this course, the student should have a clear understanding of how economic incentives can be used to implement environmen- tal programs, and manage investment options (i.e. changes in production technology or construction of new facilities) under uncertainty in an emissions- trading regime.