Energy Resources, Economics and Environment

By Prof. Rangan Banerjee   |   IIT Bombay
Learners enrolled: 2045
This course will equip students with the tools necessary for economic analysis and quantification of impacts of energy systems. We will review the availability of energy resources and study methods for quantification of resource depletion and scarcity. The course will cover basic concepts in economics and their application to energy systems. Tools and techniques for project economics for an individual/ company perspective and macro-decision making for society will be introduced. We will discuss basic concepts of welfare economics and environmental economics that are necessary for energy systems analysis and their environmental impacts.. 

INTENDED AUDIENCE :Masters students of Energy Systems Engineering. UG students of Mech, Elec, Chemical interested in Energy
Course Status : Completed
Course Type : Elective
Duration : 12 weeks
Category :
  • Humanities and Social Sciences
  • Multidisciplinary
Credit Points : 3
Level : Undergraduate/Postgraduate
Start Date : 18 Jan 2021
End Date : 09 Apr 2021
Enrollment Ends : 01 Feb 2021
Exam Date : 24 Apr 2021 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1: Energy Flow Diagram ,Global Trends in Energy Use, India and World- Disaggregation by supply, end use, Energy and Environment, The Kaya Identity, Emission Factor
Week 2: Energy and Quality of Life, Energy Inequality, Energy Security, Introduction to Country Energy Balance assignment
Week 3: Energy Economics - Simple Payback Period, Time Value of Money- discount rate, Criteria for Assessing Energy Projects –(Net Present Value (NPV), Benefit/Cost Ratio (B/C), Inflation, Internal Rate of Return (IRR) 
Week 4:  Resources & Reserves Growth Rates in Consumption, Estimates of Duration of Fossil Fuels, McKelvey Diagram, Peak oil, Hubbert’s model
Week 5: Materials used in renewable energy (Kuznet’s Curve, Betting on the planet, Simon’s Change), Non Renewable Energy Economics (Hotelling’s Rule)
Week 6: Preferences and Utility, Utility and Social Choice
Week 7: Public and private goods / bads, Demand curves , Externalities
Week 8: Financing Energy – Debt/ Equity- Sources of funds, innovative financing models
Week 9: Input Output Analysis
Week 10: Primary Energy Analysis, Net Energy Analysis, Examples, Energy Cost of Energy, Life Cycle Analysis of Bioenergy
Week 11: Net Energy Examples, Energy Policy
Week 12: Energy Policy Examples, Practice problems solution 

In addition to the lectures there will be few Live Interactive Sessions. 

       Matrika Ghimiray 

Matrika is a PhD Scholar in the Interdisciplinary Program of Climate Studies at IIT Bombay. She has her Master's Degree in Energy Technology.  Her academic interests lie in Policy, Climate Change and Sustainable Development. Apart from academics, she enjoys music, reading books, travelling and exploring various cuisines.
     Pratik Joshi

Pratik is a PhD Scholar in Centre for Policy Studies (CPS) at IIT Bombay. He has done Master's in Electric Power Systems. Prior to joining CPS, he has worked at National Centre for Photovoltaic, Research and Education (NCPRE), IIT Bombay and was part of Biannual All India Solar PV Module Reliability Survey-2018. His area of research is Energy Policy with a specific interest in Solar Photovoltaics. At present, he is working on ’deployment of rooftop PV systems in India’ using public policy perspective.


Zinia is an architect and a Ph.D. scholar at the Interdisciplinary Program for Climate Studies at IIT Bombay, where her research looks into climate change and the built environment. She has a master's degree in Sustainable Architecture, and before joining the IDP-CS at IIT Bombay, she has briefly taught at the Department of Architecture and Planning of NIT Calicut.


Books and references

1.GEA, 2012: Global Energy Assessment - Toward a Sustainable Future, Cambridge University Press, Cambridge, UK and New York, NY, USA and the International Institute for Applied Systems Analysis, Laxenburg, Austria. ( mainly Chapter 1 - Energy Primer pp. 99-150, Chapter 3- Energy and Environment-pp. 191-254.Chapter 4 –           Energy and Health pp. 255-324).  
2.Conrad, J. M., Resource Economics, 2nd Edition, Cambridge University Press, New Delhi, 2010. 
3.Tester J.W., Drake E.M., Driscoll M. J., Golay, M.W, Peters, W.A.,Sustainable Energy Choosing Among Options, PHI Learning Private Limited,New Delhi, 2009.
4.J.M. Conrad and C.W. Clark, Natural Resource Economics, Cambridge University Press (1987).
5. Charles Kolstad, Environmental Economics, Vol. 1, Oxford University Press (1999). 

Instructor bio

Prof. Rangan Banerjee

IIT Bombay
Rangan Banerjee is the Forbes Marshall Chair Professor and Head of the Department of Energy Science and Engineering at the Indian Institute of Technology Bombay .He works on energy efficiency and renewable energy, modelling of energy systems, energy planning and policy

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 24 April 2021 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.


Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Bombay.It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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