GrenFin program
The GrEnFIn EMJM is a multidisciplinary program 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 economy.
The GrEnFIn proposal is centered around a common quantitative background and three specialized fields : Renewable Technologies, Environmetal 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 usingAI methods and machine learning to implement scenarios’ analysis that provide a deeper understanding of climate science, prediction, and mitigation strategies.
Specialized Fields
Energy Economics
This specialized area delves into technical aspects of transition dynamics and socio-economic impacts.
It 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 concerning the green transition.
Engineering of Renewable Resources
Focused on sustainable engineering technologies, this specialized area covers solar and wind energy, marine renewable energy, bioenergy, hydrogen, and heat recovery and storage systems.
It enhances students’ knowledge in renewable energy and climate, providing a comprehensive understanding of the energy market and the implications of the transition process in terms of increased risk.
Advanced Quant & Climate Finance
This specialization proposes advanced models of finance to analyze the theory of derivatives written on variables related to climate or other natural variables.
The aim is to identify hedging solutions involved in the energy transition.
All the potentialities of the green asset class are investigated in terms of performance and risk diversification, aspiring to achieve portfolio optimization and management.
Mobility
Each student can apply for one and just one of the following tracks:
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- Renewable Technologies
- Environmental Finance
- Climate & Business
Each track differs based on the specific mobility offered by the partner institutions (University of Bologna – Italy, Ludwig-Maximilian University of Munich – Germany & Paris Dauphine – PSL University – France).
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 :
- the UK campus (London) of UPD – Renewable Technologies Curriculum
- LMU – Environmental Finance Curriculum
- UNIBO – Climate&Business Curriculum
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 Curriculum
- LMU – Environmental Finance and Climate&Business Curricula
The courses are focused on basic specialization courses with a multidisciplinary approach: quantitative tools, engineering of renewable resources, statistical data analysis, and coding.
Visits to significant stakeholders related to the specific track will be proposed, such as:
- RENEWABLE TECHNOLOGIES class: visit to ENEA or ECMWF
- CLIMATE&BUSINESS class: visit to CEC-IEF and participation in Friday Lunch meetings or other events
- ENVIRONMENTAL FINANCE class: visit to Deutsches Museum and participation in city initiatives like Flower Power Festival
The annual summer school and training (Bertinoro, Italy), activated as a Blended Intensive Programme (BIP), will be offered before the end of the second semester Alternatively, UPD will also offer a winter school.
Both summer and winter schools will be attended by first- and second-year students, as well as master students from the three universities and external institutions. Lecturers from the partner universities, associated partners, and guest experts from industry or academia will lead case studies, labs, and frontier topics.
Third semester(Fall/Winter)
Will take place at:
- UNIBO – Renewable Technologies Curriculum
- UPD – Environmental Finance and Climate&Business Curricula
Courses focus on advanced knowledge in the core fields, including advanced statistics and IT modules.
An Internship week (RAship pitch) will be organized at the semester’s start.
Blended meetings will connect students with companies from various industrial sectors.
Second-year students are also encouraged to attend the winter school, to be 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 will be invited each academic year to enrich the programme with applied insights.
Seminars and round tables will be organized during this semester, involving associate partners and professionals.
Courses
Thesis
The thesis will be supervised by both an academic and a professional who will plan several meetings with students to share information and profit of useful synergies.
To enrich the educational experience, a guest lecturer will be invited for a semester each academic year. The expert will complement existing courses, offeringapplied insights.
Topics may align with the programme’s specialized components or specific fields of interest.
Seminars and round tables will be organized during the visiting semester, involving associate partners and external professionals.