Energy Resources, Economics and Environment

By Prof. Rangan Banerjee | IIT Delhi

Learners enrolled: 760 | Exam registration: 33

ABOUT THE COURSE :
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

Summary

Course Status :	Upcoming
Course Type :	Elective
Language for course content :	English
Duration :	12 weeks
Category :	Multidisciplinary Humanities and Social Sciences Economics
Credit Points :	3
Level :	Undergraduate/Postgraduate
Start Date :	20 Jan 2025
End Date :	11 Apr 2025
Enrollment Ends :	27 Jan 2025
Exam Registration Ends :	14 Feb 2025
Exam Date :	03 May 2025 IST

Note: This exam date is subject 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.

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 Delhi

Prof. Rangan Banerjee is currently the Director, IIT Delhi. From February 2022 he is on lien from IIT Bombay where he served as the Forbes Marshall Chair Professor in the Department of Energy Science and Engineering - a Department that he helped start in 2007. His areas of interest include energy management, modelling of energy systems, energy planning and policy, hydrogen energy and fuel cells.

Prof. Rangan Banerjee currently serves on the editorial board of International Journal of Sustainable Energy, International Journal of Sustainable Engineering, International Journal of Thermodynamics, Solar Energy Advances, Global Transitions (Energy Transitions). He has been involved in setting up a megawatt scale Solar Thermal Power Testing, Simulation, Research Facility sponsored by the Ministry of New and Renewable Energy (MNRE) and is the faculty advisor of Team Shunya- India’s first student team in the Solar Decathlon Europe finals. He has been involved in advising the city, state regulatory commission and energy agency, Niti Aayog, MNRE on energy issues and worked with several Indian and international industries.

Prof. Banerjee has been the Dean (R&D) and received the Excellence in Teaching Award from IIT Bombay and is a Fellow of the Indian National Academy of Engineering. Prof. Banerjee is also an Adjunct faculty (Honorary) in the Department of Engineering & Public Policy, Carnegie Mellon University.

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: May 3, 2025 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

Please note that assignments encompass all types (including quizzes, programming tasks, and essay submissions) available in the specific week.

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 Madras .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