MJ2382 Energy Data, Balances and Projections
KTH Royal Institute of Technology
The overall objective of the course is to explore basic energy system concepts related to energy data, energy infrastructure investments, energy-environment economics and the role of indicators for sustainable development.
The students will gain practical experience in the use of a range of economic tools and models. These include basic linear programming techniques, the economic interpretation of energy models and economic indicators relating to policy and technology scenarios. In a group project, they will use an energy system model to map key economic indicators to sustainable development goals, and further develop their critical skills in modelling and results interpretation.
After passing the course, the students should be able to:
- Explain why political decisions and planning for the development of sustainable national energy systems require a reliable energy balance and prognoses for future energy requirements.
- Interpret the most important aspects of a national energy balance and its application.
- Describe the economic drivers of long term energy transitions and critique how these are modelled.
- Develop and apply a techno-economic model to policies, technologies and other interventions using scenario analysis.
- Analyze key outputs of techno-economic models, including system costs and shadow prices, in combination with off-model data and interpret in terms of their social, economic and environmental dimensions and sustainable development.
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