Energy Resources, Economics and Environment

By Prof. Rangan Banerjee | IIT Bombay

Learners enrolled: 309

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

PRE- REQUISITES : Nil

SUPPORT INDUSTRY :Nil

Summary

Course Status :	Upcoming
Course Type :	Elective
Duration :	12 weeks
Start Date :	24 Jan 2022
End Date :	15 Apr 2022
Exam Date :	23 Apr 2022 IST
Category :	Humanities and Social Sciences Multidisciplinary
Credit Points :	3
Level :	Undergraduate/Postgraduate

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.

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: 23 April 2022 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.

CRITERIA TO GET A CERTIFICATE

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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