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Economics and Policy of Energy and the Environment - MSc

Course Description

This MSc is unique in the UK in focusing on five core areas which have risen rapidly up the public agenda – environment, climate and energy economics, modelling and policy – and for which there is a need for highly qualified practitioners with the skills to analyse the issues and relate the results to policy.

Degree information

Students will reach a deep understanding of different economic and policy approaches to the resource and environmental problems facing the global community and nation states, especially in respect to energy and climate change. They will learn how to apply a variety of analytical methods to resolve these problems in a broad range of practical contexts.

Students undertake modules to the value of 180 credits.

The programme consists of five core modules (75 credits), three optional modules (45 credits) and a dissertation (60 credits).

Core modules
-Environmental and Resource Economics
-Evidence, Policy Assessment and Environmental Law
-Modelling, Methods and Scenarios
-Planetary Economics and the Political Economy of Energy and Climate Change
-Research Concepts and Methods

Optional modules
-Advanced Energy-Environment-Economy Modelling
-UK Energy and Environment Policy and Law
-Energy, Technology and Innovation
-Energy, People and Behaviour
-Business and Sustainability
-Advanced Environmental Economics
-Econometrics for Energy and the Environment

The list of optional modules is correct for the 2016-17 academic year. Enrollment on modules is subject to availability.

All students undertake an independent research project which culminates in a 10,000-word dissertation.

Teaching and learning
The programme is delivered through a combination of lectures, seminars, tutorials and project work. Assessment is through examination, coursework and by dissertation.


Graduates of this programme will be equipped to become leaders and entrepreneurs in their chosen area of specialisation, whether in terms of policy-making, the business management of sustainable issues, energy system modelling or their understanding and application of innovative systems.

The skills that they will acquire will make them strong applicants for employment in a range of sectors in which sustainability has become an important consideration, including business, central and local government, think tanks and NGOs and universities and research institutes.

The uniquely interdisciplinary nature of this Master's provides students with practical skills which are highly sought by employers from a variety of fields. Students will have the opportunity to attend networking events, career workshops and exclusive seminars held at the UCL Energy Institute.

Why study this degree at UCL?

The UCL Energy Institute is world leader in a range of areas covered by the programme; for example, energy systems, energy economics, energy and environmental policy and law and behavioural aspects of energy use.

Our sister institute, the UCL Institute of Sustainable Resources, provides additional expertise on resource economics. These areas are increasingly important due to related challenges, such as climate change, resource exhaustion and energy affordability.

There is a definite need for quantitative, practical environment and resource economists who understand policy. The appeal of this MSc is two-fold: it offers those with quantitative first degrees the chance to acquire high-level, energy-environment-economy modelling skills, but in relaxing the level of mathematical skills required, it is also ideal for those with largely non-quantitative first degrees.

Visit the Economics and Policy of Energy and the Environment - MSc page on the University College London website for more details!

All Available Videos:

(Student Profile)

Tobias Reinauer

"During my MSc I first got into contact with many of the researchers with whom I work today. The collegial atmosphere at the UCL Energy Institute and Institute for Sustainable Resources has substantially contributed to my decision to pursue a MPhil/PhD programme here. Furthermore, my MSc thesis supervisor put me in contact with energy modelling teams from Sweden and the US, which was useful both for my thesis research and for my current PhD work."


Entry Requirements

Normally a minimum of an upper second-class UK Bachelor’s degree in a relevant discipline (economics, economics-plus, a science or engineering subject) or an overseas qualification of an equivalent standard is required. A non-quantitative degree may, however, be considered provided that some aptitude, e.g. at A level, has been demonstrated for quantitative analysis. These requirements may be relaxed for mature students who can demonstrate aptitude and experience, for example, in business or government.

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