The project aims to target both HE students and professional personnel already operating in the energy sector and whose skills need to be updated to promote the sustainability transformation of the energy sector. Particular attention will be paid to finance in greening the energy sector in the EU, by designing and delivering competencies in terms of climate risks and opportunities' assessment for energy companies that want to decarbonize their production and portfolio.
Business stakeholders will be directly engaged in the pilot program design by applying a knowledge co-production approach that allows to identify cross-sector barriers, challenges and opportunities for the renewable energy transition at the company level, and to design targeted training programs to address the current skills and information gaps. In doing so, the project will contribute to narrow the gap between research and the market and to smooth the low-carbon transition in the energy sector. Given the nature of the competences required (e.g. environmental and climate economics, climate and energy policy, financial econometrics, mathematics, finance, business), the project is intrinsically interdisciplinary and promotes cross-fertilization among knowledge fields and expertise. The resulting interdisciplinary knowledge will be pivotal to support regulators in designing effective policies for the energy and finance sector and understanding the opportunities and challenges for specific types of energy business, with the aim to accelerate the transition to renewable energy in Europe.
The results of relevant and recent top-level research on the topic will be delivered by academics with a strong track-record in quantitative finance and sustainability, and a strong network of contacts among policy-makers and regulators (i.e. central banks, development banks).
The main fields of education will be:
- Maths and Probability,
- Engineering competences of the energy sources,
- Sustainable economics,
- Risk management and Financial engineering.
D3.1 UPDATES The first Draft