ECF5360 · The clean energy transition: Economics and policy

Overview

Climate change is the defining challenge of our time, and the global shift to cleaner energy is reshaping economies, industries, and everyday life. In this unit, you will explore the economic forces driving the energy transition and the critical policy decisions shaping its future. You will dive into how energy markets work, how they adapt to new technologies like renewables and storage, and how government interventions—from carbon pricing to subsidies—can accelerate or hinder progress. With a special focus on Australia and comparisons to other economies with power systems at different stages of development, you will gain the tools to analyse real-world energy issues and craft informed, impactful policy solutions. Whether you're passionate about sustainability, economics, or global development, this unit will equip you with the knowledge and skills to make a difference in one of the most urgent areas of our time.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. explain advanced economic principles relevant to energy production and consumption
2. analyse the structure and dynamics of energy markets, including their unique characteristics and challenges
3. evaluate the economic implications of energy transition technologies and government interventions in energy markets
4. apply economic models and tools to assess and compare energy policies across economies with different power systems
5. formulate evidence-based policy recommendations to support an efficient transition.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.