Finance, Climate Change, and the Global Energy Transition

• Scenarios for climate change and for the transition to a low-carbon economy
• The role of climate change and the energy transition for financial stability
• The interplay between policy, investment dynamics, and technological development
• Classification of sustainable investments and assessment of climate-related risks
• Corporate Sustainability Reporting
  
  

After successful completion of the course, the student is able to:

• Describe scenarios for climate change and for the transformation to a low-carbon economy
• Discuss current global trends for the investment in low-carbon energy systems
• Relate climate risks and policy risks to systemic risk in financial systems
• Communicate key points from current reports and scientific articles covering the global energy transition, climate risks, and their relation to the financial system 

October 17th, 2025

Keine

• Since the number of participants is limited, applications can be submitted here until tba.

• Please send us the following application documents and information:

• Course of Study
• Current Semester
• Matriculation Number
• Current Transcript
   

Presentation and written report.

Course materials will be available on ILIAS. The password necessary to register for the course on ILIAS will be given in the first lecture.

The seminar can be credited as follows:

• M.Sc. Economics in the profile "Finance";
• M.Sc. VWL according to the examination regulations 2014 in "Accounting, Finance, and Taxation";
• M.Sc. Mathematik in the profile Finanzmathematik or as an elective in economics (wirtschaftswissenschaftliches Wahlpflichtmodul).

• „A call for action – Climate change as a source of financial risk”, Network for Greening the Financial System (NGFS), 2019
• „Annual Review 2023“, Carbon Tracker, 2024
• „World Energy Outlook 2024“, International Energy Agency (IEA), 2024
• “Climate change challenges for central banks and financial regulators”, E. Camiglio et al., Nature Climate Change 8, 462-468, 2018

Further literature will be announced in the course.