How to Decarbonize the Energy Sector: Real-World Implications in Power and Transportation

Climate change cannot be adequately addressed without decarbonizing the energy sector, given that it is the largest source of US greenhouse gas emissions (GHGs)—around 50 percent of the total. But what does that entail? How does this transition to renewable sources happen while maintaining system reliability, expanding access, and limiting cost impacts to customers? The goal of this course is to prepare students to work in this sector as it undergoes these rapid changes. Whether students are making a career transition or just embarking on their careers, understanding the unique structures, markets, and challenges of this industry is essential to increasing their competitive value in the workforce. The primary focus is the United States, with the concepts being globally applicable. This course examines the robust ecosystem of renewable and traditional energy companies, investors, regulators, and customers that comprise the power and transportation sectors. Some of the key questions that are addressed include: what are the unique characteristics of the power sector? How do they differ from the structure, markets, and policy that govern the transportation sector? How do these unique structures, markets, financial risks, and regulatory responsibilities dictate the renewable options available? How can government policy shape this outcome? And perhaps most importantly, how do financial considerations and investors influence this transition? Students must be admitted candidates in the Master of Liberal Arts, global development practice or sustainability programs.