The pilot experience will contribute to test the educational path focusing on the assessment of climate-related financial risks and the impact of decarbonizing energy production and portfolios at the company level, on the characteristics of risk-return and impact of green energy portfolios and the role of green financial instruments (e.g. green bonds).
In this occasion the results of relevant and recent top-level researches 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).
During the academic year 2021/2022 a pilot class will experiment the drafted study path. These three HEI (already connected via double degree agreements) will offer at least 30 ECTS in line with the drafted project.
The mobility of students will be financed by the active Erasmus agreements. Each university will offer 5 Erasmus grants for this exchange. LMU will offer the pilot class in the Winter Semester 2021/2022, while Unibo and UEK at Summer Semester 2021/2022.

The consortium plan to select 20 students in order to have:

• 5 from UNIBO incoming to LMU, 5 from UNIBO to UEK
• 5 from LMU incoming to UNIBO
• 5 from UEK incoming to UNIBO

Courses of the Pilot Class:
UNIBO plans to offer 5 courses (30 ECTS) in the second semester of academic year 2021/2022 as well as the thesis supervision in the Greening Energy and Finance (18 ECTS). The offered courses cover topics from three areas that are the base for the whole structure of the future joint master:

• GrEnFIn-Credit Risk and Climate Change (Risk and Finance Track)
• GrEnFIn-Asset Management and Transition Risk (Risk and Finance Track)
• GrEnFIn-Smart Grids for Smart Cities (Scientific/Technological Track)
• Intensive Program in Energy Market (Social Welfare-Policy and Economics Track)

UNIBO has decided to increase the educational offer by adding one more course to be set in the second semester of the Academic Year 2021/22, second Midterm (April – May 2022). The course is indicated below as an addition to the previous table.

• Workshop on Green Finance (Risk and Finance Track)

GrEnFIn-Asset Management and Transition
Risk: https://www.unibo.it/it/didattica/insegnamenti/insegnamento/2021/466812

GrEnFIn-Smart Grids for Smart Cities
CITIES: https://www.unibo.it/it/didattica/insegnamenti/insegnamento/2021/466811

GrEnFIn-Credit Risk and Climate Change (link to the professor’s site; the course will be added):
https://www.unibo.it/sitoweb/flaviogiuseppe.cocc2/didattica

GRENFIN - ADVANCED TOPICS IN ENERGY MARKET AND FINANCE - Intensive Program in Energy Market (link to the course page of the year 2019/20, the course will added on the page of Prof. Silvia Romagnoli):
https://www.unibo.it/it/didattica/insegnamenti/insegnamento/2019/411929

UEK plans to offer in the second semester of a.y. 2021/2022 (summer green path) in a form of mandatory course – master thesis seminar for 18 ECTS and electives of 12 ECTS.

Master Thesis Seminar:
https://www.ue.katowice.pl/fileadmin/user_upload/WFiU/dziekanat/syllabusy_studia_po_angielsku/ARIMA/M11_Seminar.pdf

Advanced Topics:
https://www.ue.katowice.pl/fileadmin/user_upload/WFiU/dziekanat/syllabusy_studia_po_angielsku/ARIMA/M10.1_Adv_Top_in_Insur_Manag.pdf

Advanced Issues in Corporate Financial Management:
https://www.ue.katowice.pl/fileadmin/user_upload/english-version/study_offer/B_syllabusy_2020/Arima/4_ARIMA_Advanced_Issues_in_Corporate_Finance.pdf

Measurement of Credit Risk:
https://www.ue.katowice.pl/fileadmin/user_upload/english-version/study_offer/B_syllabusy_2020/Arima/2_ARIMA_Measurement_of_Credit_Risk.pdf

Alternative Investments:
https://www.ue.katowice.pl/fileadmin/user_upload/WFiU/dziekanat/syllabusy_studia_po_angielsku/ARIMA/M5.6_Alt_Inv.pdf

Structured Products:
https://www.ue.katowice.pl/fileadmin/user_upload/WFiU/dziekanat/syllabusy_studia_po_angielsku/ARIMA/M5.7_Structured_Prod.pdf

LMU plans to offer in the “green” semester 2021/22 the following study plan:

During the 4^th semester of studies the students will participate at a seminar and write their Master thesis about topics related to Greening Energy and Finance.

Stochastic Calculus and Arbitrage Theory in Continuous Time:
https://www.fm.mathematik.uni-muenchen.de/teaching/teaching_winter_term_2021_2022/lectures1/fima2/index.html

Computational Finance and its Object-Oriented Implementation (with Application to Interest-Rates and Hybrid Models):
https://www.fm.mathematik.uni-muenchen.de/teaching/teaching_winter_term_2021_2022/lectures1/fries1/index.html

GrEnFIn Seminar:
https://www.fm.mathematik.uni-muenchen.de/news/lmu_granfin_seminar/index.html

Topics from Statistics:
https://lsf.verwaltung.uni-muenchen.de/qisserver/rds?state=verpublish&status=init&vmfile=no&publishid=900455&moduleCall=webInfo&publishConfFile=webInfo&publishSubDir=veranstaltung

Microeconomics:
https://lsf.verwaltung.uni-muenchen.de/qisserver/rds?state=verpublish&status=init&vmfile=no&publishid=896954&moduleCall=webInfo&publishConfFile=webInfo&publishSubDir=veranstaltung

Macroeconomics:
https://lsf.verwaltung.uni-muenchen.de/qisserver/rds?state=verpublish&status=init&vmfile=no&publishid=896962&moduleCall=webInfo&publishConfFile=webInfo&publishSubDir=veranstaltung

Econometrics:
https://lsf.verwaltung.uni-muenchen.de/qisserver/rds?state=verpublish&status=init&vmfile=no&publishid=896960&moduleCall=webInfo&publishConfFile=webInfo&publishSubDir=veranstaltung

Mathematical Seminar:
https://www.fm.mathematik.uni-muenchen.de/teaching/teaching_winter_term_2021_2022/seminars/creditrisk/index.html
https://www.fm.mathematik.uni-muenchen.de/teaching/teaching_winter_term_2021_2022/seminars/machine_learning_applications/index.html