Economics - Management

UNIVERSITY DIPLOMA: GREEN FINANCE

  • Duration

    1 year

  • Training structure

    Faculty of Economics

  • Language(s) of instruction

    French

Presentation

  • Teaching fields: Economics, Law
  • Type of diploma: DU
  • Keywords: Economics, Law, Finance
  • Mr Sébastien Duchêne, Senior Lecturer, tel: 04-34-43-25-26
  • Mr Adrien Nguyen-Huu, Senior Lecturer, tel: 04-34-43-25-07
  • Study abroad opportunities: No
  • UFR : UFR of Economics
  • Type of training: Initial and continuing training
  • Presentation of DU

Background: This course aims to prepare students to better understand the role of finance in the transition to a sustainable, low-carbon economy and to become actors in this transformation. Climate change adaptation and mitigation, while achieving ambitious sustainable development goals (SDGs), requires the reallocation of large volumes of capital to environmentally responsible projects. The amounts involved are currently far too small to meet the targets set by the Paris Agreement. Furthermore, climate change represents a significant risk to economies and financial systems, but also an incredible opportunity. Indeed, there are considerable opportunities to finance green transformation and to align investments and financing with environmental, social and governance (ESG) criteria.

Project: The degree course will enable the student to understand and apply key concepts of climate and sustainable finance, to understand the role of climate and other environmental risks in creating potential financial risks within the banking sectors and financial markets. The course will also explore the role of financial actors in participating in a global transition to a low-carbon economy, and analyse the different steps to align financial markets with climate and sustainability objectives.

Because of the diversity of decision-making scales and stakeholders in these issues, it is important to grasp the global challenges and the solutions adapted to local needs. The training aims to answer these global questions of green finance. It aims to be comprehensive on this subject and transversal in its approaches. It aims to provide an opportunity for reflection on the major issues of the 21st century. It is intended to be both a complete and stimulating course for professionals in the banking world (continuing education) and also complementary to many Masters courses in the Faculties of Economics and Management.

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The advantages of the course

The application form can be downloaded here, on the website in the"Application" section or collected from the School of Economics (1st floor, Richter site, Bât. C).

You can also contact the Diploma Officers directly:

sebastien.duchene@umontpellier.fr (sebastien.duchene @ umontpellier.fr)

adrien.nguyen-huu @ umontpellier.fr


What documents should I include in my application?
A CV + cover letter + completed application form. If you were enrolled in a training institution last year, a transcript of grades from that year is required.

If I wish to withdraw from the course during the year, is this possible?As with an initial training course, it is not possible to formally withdraw from the course and no refund of the registration fee will be possible.

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Objectives

- to offer a finance course based on energy-climate-economy issues, in order to understand precisely the interaction mechanisms of these three dimensions;

- understand the policy issues (particularly monetary) and the impacts of regulatory or financial decisions taken by governments, central banks, private banks, insurers, investors and issuers, in their environmental dimension;

- Recognise, measure and compare the risks and hazards associated with climate issues, but also the opportunities, in terms of financial impacts, on the valuation of companies, debt products and climate-related derivatives;

- know how to value a company, debt or projects based on ESG criteria and understand ESG issues in the financial markets

- understanding ESG governance issues of companies and their impact on long-term valuation;

- Know how to carry out a financial assessment of projects in the energy and transition sectors, and be familiar with diversified and alternative financing mechanisms to measure and increase the financial resilience of organisations facing climate risks and possible environmental disasters;

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Know-how and skills

Competences acquired at the end of the course :

On successful completion of the course, the student should be able to demonstrate the ability to :

- Have a thorough understanding of the economic concepts and principles of climate and sustainable finance, as well as other related key environmental issues;

- To understand and explain the current gaps in global climate challenges and sustainable finance, in order to propose solutions to the challenge of financing the ecological transition;

- Explain the role of different actors in climate and sustainable finance, including central banks, financial supervisors, national and multilateral development banks, investment banks, institutional investors and issuers in the financial markets;

- Understand and analyse potential risks and opportunities related to environmental challenges in financial markets, with a focus on climate risks; implement a prospective analysis based on known model simulations and set up a stress-testing project to measure climate risk;

- Explain the range of financial policy instruments and initiatives and their potential for integrating climate change and sustainability into financial policy and supervisory frameworks; develop green project finance solutions in the banking channel;

- Know the latest developments in corporate law and accounting regarding energy and climate, good governance and ESG objectives; know how to assess the climate and carbon resilience of an organisation;

- To be aware of the most recent transformations in the carbon, electricity and (renewable) energy markets, allowing solutions to be adapted to the evolution of these markets;

- Analyse socially responsible indicators and implement a green portfolio according to carbon or environmental targets; include environmental constraints in market risk management and portfolio management.

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Organization

Control of knowledge

What are the requirements for the diploma?

Each subject is examined out of 20. The subjects are equally weighted and thus produce an average grade for the student. The diploma is awarded if this mark reaches or exceeds the average. The methods of control are done during the subject (continuous control) and are specific to each teacher (project, presentation, quiz, exam). Examinations are not organised in sessions, and there is no mechanism for making up a grade, except at the discretion of the teacher in the subject.

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Programme

EDUCATIONAL ORGANISATION

How are the courses organised?

The courses take place in the evening, often between 6pm and 8pm, on one or two specific days of the week (e.g., and). They are chosen according to the diaries of the initial courses (L3, M1, M2) in order to ensure the availability of a maximum number of students. Some course modules are organised over full days, during school holidays and revision periods. Subjects are taught in modules of several weeks or days. Courses are organised either face-to-face or remotely, at the discretion of the teacher.

Attention: The DU Green Finance course does not allow students to do an internship and create an agreement. However, it does not prohibit students in initial training (Licence 3, Master) from doing an internship during the course.

For Master 2 students who have to do an internship from March or April. The course takes this constraint into account!

Courses are concentrated in the period from September to February. Some courses after this date are held in the evening or at weekends and are distance learning, in the form of an online conference.

Number of sessions : S 1 S 2

Teaching

 

 

Specify if

mandatory or

optional

Teaching methods

(in hours)

Methods of testing knowledge

 

Nature of the test

Duration

from

the test

Coef.

 

 

Heading

e-learning

(non face-to-face)

CM

TD

TP

Written

Oral

Continuous assessment / Terminal

 

SRI finance professions

Mandatory

 

4

 

 

 

 

cc

 

1

 

Macro-energy-climate

Mandatory

20

12

 

 

 

 

cc

 

1

 

Introduction to Green Finance

Mandatory

20

22

 

 

 

 

cc

 

1

 

Changes in energy & carbon markets

Mandatory

 

15

 

 

 

 

cc

 

1

 

Raising capital and adding value to green projects

Mandatory

 

15

 

 

 

 

cc

 

1

 

Stress-testing, foresight and physical risks

Mandatory

 

10

 

 

 

 

cc

 

1

 

SRI management and Python programming

Mandatory

 

15

 

 

 

 

cc

 

1

 

Financial modelling and financing in the renewable energy sector

Mandatory

 

12

 

 

 

 

cc

 

1

 

Financial circuits of the energy and ecological transition

Mandatory

 

10

 

 

 

 

cc

 

1

 

Environmental accounting

Mandatory

 

10

 

 

 

 

cc

 

1

 

 

 

TOTAL HOURLY VOLUME

165 HOURS

 

 

 

 

 

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Admission

How to register

Before registering, you must first apply.

What documents do I need to apply?
A CV + covering letter + completed application form + transcripts of the last two years of study.

The application form can be downloaded here, on the website in the"Application" section or collected from the School of Economics (1st floor, Richter site, Bât. C).

You can also contact the Diploma Officers directly:

sebastien.duchene@umontpellier.fr

adrien.nguyen-huu@umontpellier.fr

Download the application form

My application has been accepted, what should I do to register? You have to go directly to the registration office on the 1st floor with proof (e-mail etc...) that your application has been accepted. Registration starts in July and ends in September.

If I wish to withdraw from the course during the year, is this possible?As with an initial training course, it is not possible to formally withdraw from the course and no refund of the registration fee will be possible.

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Target audience

- Initial training intended for students enrolled in 2021 in an initial training cycle and having validated a Licence 2.

- Continuing education for banking, insurance and finance professionals.

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Tuition fees

- For initial training, the registration fee is 800€.

- For continuing education, the registration fee is 2950€.

For more information, please contact the school's registration office:

Application / Admission

 

 

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And then

Professional integration

Targeted professional opportunities:

Many roles in the banking and non-banking sector can benefit from this degree

  • CSR project manager in the banking/financial sector ;
  • SRI/green portfolio manager for dedicated fund ;
  • account manager in the banking sector ;
  • manager in the banking or insurance sector
  • economist in the banking sector (Investment Bank, Retail Bank, Development Bank)
  • financial advice and audit
  • Green finance analyst in regulatory authorities (central banks, AMF, World Bank, IMF ...)
  • Analyst, expert in sustainable finance, socially responsible finance

 

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