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 education
- 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. 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 too small to achieve the goals set by the Paris Agreement. Moreover, climate change represents a significant risk to economies and financial systems but also an incredible opportunity. Indeed, there are significant opportunities to finance green transformation and align investments and financing with environmental, social and governance (ESG) criteria.
Project: The degree course will enable students 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. This 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 to align financial markets with climate and sustainability goals.
Because of the diversity of decision-making scales and stakeholders in these issues, it is important to understand the global stakes 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 Master's courses in the Faculties of Economics and Management.
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 political stakes (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;
- 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 in the financial markets
- Understand corporate 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 know the diversified and alternative financing mechanisms that can be used to measure and increase the financial resistance of organizations facing climate risks and possible environmental disasters;
Know-how and skills
Competences acquired at the end of the training:
Upon successful completion of the course, the student will be expected to 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 major environmental issues;
- Understand and explain the current flaws in the 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 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 analyze 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 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 oversight frameworks; implement 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 an organization's climate and carbon resilience;
- To be aware of the most recent transformations in the carbon, electricity and energy (renewable) markets, allowing us to adapt our solutions to the evolution of these markets;
- Analyze socially responsible indicators and implement a green portfolio according to carbon or environmental objectives; include environmental constraints in market risk management and portfolio management.
Organization
Knowledge control
What are the requirements for the diploma?
Each subject is evaluated 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 organized in sessions, and there is no mechanism for making up a grade, except at the discretion of the teacher concerning the subject.
Program
EDUCATIONAL ORGANIZATION
How are the courses organized?
Classes are held in the evening, often between 6:00 and 8:00 pm, on one or two specific days of the week (e.g., on a weekday). They are chosen according to the agendas of the initial courses (L3, M1, M2) in order to ensure the availability of a maximum of students. Some course modules are organized over full days, during school vacations and revision periods. The subjects are followed in modules of several weeks or several days. The courses are organized either face-to-face or remotely, at the discretion of the teacher.
Please note: The Green Finance DU course does not allow students to do an internship and to 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 in March or April. The course takes this constraint into account!
Courses are concentrated in the period from September to February. Some courses that take place after this date are placed in the evening or on weekends and are distance learning, using the online conference mode.
Number of sessions : S 1 S 2
|
Teaching |
Specify if mandatory or optional |
Teaching methods (in hours) |
Methods of control of knowledge |
| |||||||||||
|
Nature of the test |
Duration from the test |
Coef. |
| ||||||||||||
|
Title |
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 the energy and carbon markets |
Mandatory |
|
15 |
|
|
|
|
cc |
|
1 |
| ||||
|
Mobilization of capital and valorization of 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 of 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
Conditions of access
How to register
Before registering, you must first apply.
What documents should I include in my application?
A CV + cover letter + completed application form + transcripts from the last two years of study.
To apply : Application for a University Diploma in Economics
You can also contact the head of the Diploma directly:
adrien.nguyen-huu@umontpellier.fr
My application has been accepted, what should I do to register? You must go directly to the registration office, on the 1st floor, with proof (email etc...) that your application has been accepted. Registration begins in July and ends in September.
If I want to give up the course during the year, is it possible?As for an initial course, it is not possible to formally give up during the course, and no refund of the registration fee will be possible.
Target audience
- Initial training intended for students enrolled in an initial training cycle and having validated a Licence 2.
- Continuing education for banking, insurance and finance professionals.
Tuition fees
And then
Professional integration
Targeted professional opportunities:
Many roles in the banking and non-banking field 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 consulting and auditing
- Green finance analyst in regulatory authorities (central banks, AMF, World Bank, IMF ...)
- Analyst, expert in sustainable finance, socially responsible finance