Economia das Energias Renováveis

The EER course unit introduces the economic approach to study the interactions between the environmental system, the energy system and the economic system. Basic aspects of the configuration and functioning of markets are covered, as well as the consequences of “market failures” in the generation of environmental problems. The types of environmental/energy policy instruments are discussed, discussing how they work and their potential performance. The potential for using the economic approach for the evaluation and selection of projects is also analyzed, including the integration of environmental externalities. Basic concepts and methodologies of economic analysis are presented so that students acquire knowledge and debate the foundations, potential and limitations of economic science, in application to the study of renewable energies.