Program
The GrEnFIn EMJM programme is a multidisciplinary and international course that trains students to analyze the challenges related to the transition to a low-carbon economy.
GrEnFIn program
The GrEnFIn EMJM is a multidisciplinary programme that provides students with a culturally diverse and academically rigorous education.
Its purpose is to equip students with the skills needed to analyze and address challenges associated with the transition to a low-carbon economy.
The GrEnFIn proposal is centered around a common quantitative background and three specialized fields: Renewable Technologies, Environmental Finance, Climate & Business.
The common quantitative background refers to Quantitative Tools for Climate Science and Finance. This subject within the GrEnFIn programme provides crucial training in quantitative analysis with applied connotations.
It focuses on the interdisciplinary nature of financial sciences in sustainability, emphasizing innovative tools and methodologies, as well as teaching mathematical-probabilistic formulation of financial models and the impact of pivotal variables on the sustainable transition and induced uncertainty.
This common background also includes the analysis and interpretation of data using AI methods and machine learning to implement scenario analyses that provide a deeper understanding of climate science, prediction and mitigation strategies.
Specialized fields
Energy Economics
Delves into technical aspects of transition dynamics and socio-economic impacts.
Encompasses climate-related macro-financial risks, climate economic modeling, mitigation policies, interactions between commodities (coal, oil, gas, electricity), emission permits market, and climate policy — all viewed from an economic perspective.
Engineering of Renewable Resources
Focused on sustainable engineering technologies: solar and wind energy, marine renewables, bioenergy, hydrogen, and heat recovery and storage systems.
Enhances knowledge in renewable energy and climate, providing a comprehensive understanding of the energy market and the implications of the transition in terms of increased risk.
Advanced Quant & Climate Finance
Proposes advanced models of finance to analyze the theory of derivatives written on variables related to climate or other natural variables.
Investigates the green asset class in terms of performance and risk diversification, aspiring to achieve portfolio optimization and management.
Mobility
Each student can apply for one and only one of the following tracks:
- Renewable Technologies
- Environmental Finance
- Climate & Business
Each track differs based on the specific mobility offered by the partner institutions (University of Bologna, LMU Munich and Paris Dauphine – PSL).
The main specialized courses are placed in different semesters depending on the specific curriculum due to the peculiarities of the needed skills.
First semester (Fall / Winter)
Will take place at:
- UK campus (London) of UPD — Renewable Technologies
- LMU — Environmental Finance
- UNIBO — Climate & Business
The educational offer focuses on preparation courses about quantitative tools and energy economics. The semester ends with an examination phase.
Second semester (Spring / Summer)
Will take place at:
- UNIBO — Renewable Technologies
- LMU — Environmental Finance and Climate & Business
Courses are focused on basic specialization with a multidisciplinary approach: quantitative tools, engineering of renewable resources, statistical data analysis and corporate finance.
Visits to significant stakeholders related to the specific track will be proposed, such as:
- Renewable Technologies: visit to ENEA or ECMWF
- Climate & Business: visit to CEC-IEF and Friday Lunch meetings or other events
- Environmental Finance: visit to Deutsches Museum and city initiatives like the Flower Power Festival
The annual summer school and training (Bertinoro, Italy), delivered as a Blended Intensive Programme (BIP), will be offered before the end of the second semester. Alternatively, UPD’s summer school is available.
Third semester (Fall / Winter)
Will take place at:
- UNIBO — Renewable Technologies
- UPD — Environmental Finance and Climate & Business
Courses focus on advanced knowledge in the core fields, including advanced statistics and IT modules. An Internship week (RAship pitch) is organized at the semester’s start; blended meetings connect students with companies from various industrial sectors. Second-year students are encouraged to attend the winter school, held in Munich or another location.
Fourth semester (Spring / Summer)
Will take place at one of the universities, associated partners, or external companies. The semester is entirely dedicated to the internship or RAship experience, which will form the basis of the Master thesis.
The thesis will be co-supervised by an academic and a professional, with scheduled meetings to encourage collaboration. A guest lecturer is invited each academic year, and seminars and round tables bring in associate partners and professionals.
Thesis
The thesis is supervised by both an academic and a professional who plan several meetings with students to share information and profit from useful synergies.
To enrich the educational experience, a guest lecturer is invited for a semester each academic year. The expert complements existing courses, offering applied insights.
Topics may align with the programme’s specialized components or specific fields of interest.
Seminars and round tables are organized during the visiting semester, involving associate partners and external professionals.