Duration
1 year
Training structure
Faculty of Economics
Language(s) of instruction
French
Presentation
- Teaching areas: Economics, Law
- Type of diploma: DU
- Keywords: Economy, 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
- DU presentation
Context: 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 players in this transformation. Adapting to and mitigating climate change, 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 from sufficient to meet the targets set by the Paris Agreement. What's more, climate change represents a major risk for economies and financial systems, but also an incredible opportunity. Indeed, there are considerable opportunities to finance green transformation and align investments and financing with environmental, social and governance (ESG) criteria.
Project: The diploma course will enable students to understand and apply the 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 and financial market sectors. The course will also explore the role of financial actors in participating in a global transition to a low-carbon economy, and analyze the various steps involved in aligning financial markets with climate and sustainability objectives.
Given the diversity of decision-making scales and stakeholders involved in these issues, it is important to grasp the global stakes and the solutions adapted to local needs. The course aims to answer these global questions of green finance. It is designed to be comprehensive and cross-disciplinary in its approach. It aims to provide an opportunity for reflection on the major issues of the 21st century. It is both a comprehensive and stimulating course for professionals in the banking world (continuing education), and complementary to numerous Master's courses in the Faculties of Economics and Management.
Objectives
- offer a finance course focusing on energy-climate-economy issues, to provide a precise understanding of how these three dimensions interact;
- understand the political stakes (particularly monetary) and the environmental impact of regulatory and financial decisions taken by governments, central banks, private banks, insurers, investors and issuers;
- know how to recognize, measure and compare the risks and dangers 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 on financial markets.
- Understand ESG governance issues and their impact on long-term valuation;
- know how to carry out a financial assessment of projects in the energy and transition sectors, and understand the diversified and alternative financing mechanisms that can be used to measure and increase the financial resilience of organizations faced with climate risks and potential environmental disasters;
Know-how and skills
Skills acquired at the end of the course:
Upon successful completion of the course, students must be able to demonstrate their ability to :
- Have a thorough understanding of economic concepts and principles related to climate and sustainable finance, as well as other related major environmental issues;
- Understand and explain the current flaws in global climate challenges and in sustainable finance, in order to propose solutions to meet the challenge of financing the ecological transition;
- Explain the role of the various players in climate and sustainable finance, including central banks, financial supervisory authorities, national and multilateral development banks, merchant banks, investment banks, institutional investors and capital market issuers;
- Understand and analyze potential risks and opportunities related to environmental challenges on financial markets, with a focus on climate risks; set up a prospective analysis based on simulations of known models and set up a stress-testing project to measure a 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; implement green project financing solutions in the banking channel;
- Know the latest developments in corporate law and accounting concerning energy and climate, good governance and ESG objectives; know how to assess an organization's climate and carbon resilience;
- Keep abreast of the most recent changes in the carbon, electricity and (renewable) energy markets, enabling us to adapt our solutions to market developments;
- Analyze socially responsible indicators and set up a green portfolio based on carbon or environmental objectives; include environmental constraints in market risk management and portfolio management.
Organization
Knowledge control
What are the diploma requirements?
Each subject is assessed out of 20. Subjects are weighted equally to produce an average grade for the student. The diploma is awarded if this mark reaches or exceeds the average. Assessment procedures are based on the subject (continuous assessment) and are specific to each teacher (project, presentation, quiz, exam). Examinations are not organized into sessions, and there are no make-up exams, except at the discretion of the subject teacher.
Program
EDUCATIONAL ORGANIZATION
How are the courses organized?
Classes are held in the evening, often between 6 and 8 pm, on one or two specific days of the week (e.g., and ). They are chosen according to the timetables of the initial courses (L3, M1, M2) to ensure that as many students as possible are available. On the other hand, some course modules are organized over full days, during school vacations and revision periods. Subjects are taught in modules lasting several weeks or days. Courses are organized either face-to-face or remotely, at the teacher's discretion.
Please note: The DU Finance Verte course does not allow students to take part in an internship and create an internship agreement. However, it does not prohibit students in initial training (Licence 3, Master) from taking part in an internship.
For Master 2 students who have to do an internship in March or April. The course takes this constraint into account!
Courses run from September to February. Some courses after this date are held in the evenings or at weekends, and are distance learning, using online conferencing.
Number of sessions : S 1 S 2
|
Teaching |
Specify if mandatory or optional |
Teaching methods (in hours) |
Assessment of knowledge |
| |||||||||||
|
Type of test |
Duration from the test |
Coef. |
| ||||||||||||
|
Title |
e-learning (non-presential) |
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 |
| ||||
|
Changing 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 modeling and financing in the renewable energy sector |
Mandatory |
|
12 |
|
|
|
|
cc |
|
1 |
| ||||
|
Financial circuits for the energy and ecological transition |
Mandatory |
|
10 |
|
|
|
|
cc |
|
1 |
| ||||
|
Green accounting |
Mandatory |
|
10 |
|
|
|
|
cc |
|
1 |
| ||||
|
|
|
TOTAL HOURLY VOLUME |
165 HOURS |
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Admission
Access conditions
How to apply : University Diploma in Economics
How to register
Before registering, you must first apply.
What do I need to apply?
CV + covering letter + completed application form + transcripts of grades from last 2 years of study.
How to apply : University Diploma in Economics
You can also contact the Diploma Manager directly:
adrien.nguyen-huu@umontpellier.fr
My application has been accepted. How do I register? You must go directly to the registration office on the 1st floor with proof (e-mail, etc.) that your application has been accepted. Registration opens in July and closes in September.
If I wish to withdraw from the course during the course of the year, is this possible?As with an initial training course, it is not possible to formally withdraw from the course during the course of the year, and no reimbursement of registration fees will be possible.
Target audience
- Initial training for students enrolled in an initial training course who have completed a Licence 2 degree.
- Continuing education for banking, insurance and finance professionals.
Tuition fees
And then
Professional integration
Career opportunities:
Many roles in banking and non-banking 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 banking, retail banking, development banking)
- financial consulting and auditing
- Green finance analyst at regulatory authorities (central banks, AMF, World Bank, IMF, etc.)
- Analyst, expert in sustainable finance, socially responsible finance