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EG552T: LEGISLATION, ECONOMICS AND SAFETY (2020-2021)

Last modified: 05 Aug 2021 13:04


Course Overview

To provide an insight into the legislation and the economics framework which shape UK, European and international energy provisions from conventional and renewable sources.  The course also aims to cover the fundamental safety issues which are important for the all renewable energy technologies.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators

Sorry, we don't have a record of any course coordinators.

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

Are there a limited number of places available?

No

Course Description

This course examines global energy supply and demand relation in the context of legislations involving climate change, energy transmission and sustainability issues. The course will inform students on how economics and safety may impact on the operation of the renewable energy industry.

Legislation

Climate change

Carbon trading, EU Emission Trading System

Financial support for renewables

Electricity, heating and transportation

Energy transmission and distribution

Sustainability

Safety

Evaluation and assessemesnt of safety for renewable energy installations

Economics

Global energy supply-demand relations

Concept of time value of money

Discounted cash flow and NPV

Other investment appraisal measures

Internal rate of return (IRR)

Selecting between alternatives in a business context

Cost reduction of renewable energy


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

Assessment (30%)

Open Book exam (70%)

 

Resit

Re-sit of only the failed assessment component(s)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ReflectionUnderstand?Supply-demand relations of energy in the areas of renewable energy sources.?The UK, European and international legislations with which current new build and future projects must comply.?
ReflectionCreate•Communicate in writing to technical experts and the wider public.•Demonstrate advanced reasoning skills.•Present complex information in an intelligible fashion.
ReflectionApply?Discuss and explain the relationship between market energy demands and the costs of renewable energy.?Debate and explain the implications and impact of legislation and international treaties.
ReflectionEvaluate•Evaluate different sources of renewable energy.•Evaluate scenarios to meet energy targets and policy demands.

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