UCL Home

MSc in Economics and Policy of Energy and the Environment


We equip graduates to become sustainability leaders and entrepreneurs in business, policy-making and research.

Why choose The Bartlett?

We offer:

  • a leading centre for research into energy systems, energy economics, energy and environmental policy and law, as well as behavioural aspects of energy use
  • additional expertise from the UCL Institute for Sustainable Resources on environmental and resource economics, two increasingly important areas
  • the chance to gain in-depth expertise in a number of specific areas of analysis
  • close connections to policy-makers, think tanks, energy plcs and world-leading consultancies

About the course

As an MSc Economics and Policy of Energy and the Environment (EPEE) student, you’ll gain grounding in areas vital to the understanding and analysis of environment-resource-economy interactions.

In an interdisciplinary, collaborative learning environment, you’ll be introduced to:

  • environmental policy and law
  • the economics of the environment and natural resources
  • the issues and challenges of global energy use
  • the field of energy modelling


The MSc EPEE is a 180-credit course, focused on the needs of early career researchers.

The course includes lectures, interactive seminars and presentations from visiting speakers from a range of businesses and other organisations. Students will also be able to attend the wide-ranging seminar series organised by the UCL Energy Institute and other Schools contributing to the MSc.

Assessment methods differ between modules and include:

  • examinations
  • assessed course work, including hands-on modelling projects
  • a 10,000 word dissertation to put into detailed practice the methods and techniques learnt on the course

Compulsory modules

  • BENVGEC1 Research Concepts and Methods (15 credits)
  • BENVGEC2 Environmental and Resource Economics (15 credits)
  • BENVGEC3 Modelling, Methods and Scenarios (15 credits)
  • BENVGEC5 Evidence, Policy Assessment and Environmental Law (15 credits)
  • BENVGECD Planetary Economics and the Political Economy of Energy & Climate Change (15 credits)
  • BENVGBE8 Dissertation (60 credits)

Optional modules

Choose 3 from:

  • BENVGEC6 Advanced Energy-Environment-Economy Modelling (15 credits)
  • BENVGEC7 UK Energy and Environment Policy and Law (15 credits)
  • BENVGEC8 Energy, Technology and Innovation (15 credits)
  • BENVGEC9 Energy, People and Behavior (15 credits)
  • BENVGEOA Business and Sustainability (15 credits)
  • BENVGECC Advanced Environmental Economics (15 credits)
  • BENVGECB Econometrics for Energy and the Environment (15 credits)









Compulsory modules

BENVGEC1 Research Concepts and Methods

This module provides students with the essential skills required to commission and critique research. It also prepares students to develop a clear research question and design, select appropriate methods and samples, and undertake a critical literature review.

BENVGEC2 Environmental and Resource Economics

This module covers economic theories in relation to the environment and natural resources. It covers:

  • the main theoretical approaches in environmental, ecological and resource economics
  • case studies showing how these approaches have been used in practice
  • how students can put these approaches into practice themselves

BENVGEC3 Modelling, Methods and Scenarios

A comprehensive overview of energy modelling. Students will develop an understand of why energy-economic models are used, how input data is collated, how they are combined with scenarios approaches and how uncertainties are assessed. Students will learn how to critically analyse the applicability and outputs of energy-economic models of all types.

BENVGEC5 Evidence, Policy Assessment and Environmental Law

This module focuses on assessing whether environmental policy is successful. In order to do this:

  • the environmental outcomes before and after the policy have to be measured
  • environmental law is necessary for the environmental policy to be implemented
  • the effect of the policy has to be assessed before it is put in place and evaluated after it has had time to take effect

BENVGECD Planetary Economics and the Political Economy of Energy & Climate Change

This module covers international energy issues and challenges, spanning the main energy resources and systems, with emphasis on the interplay of technology, economics and political economy.

It explores:

  • the basic structure and trends of global energy use and the associated challenges of energy
  • heat, electricity and energy efficiency
  • policy instruments and architectures for trying to transform energy systems

Optional modules

Students choose 3 optional modules from the list below (enrolment is subject to availability):

BENVGEC6 Advanced Energy-Environment-Economy Modelling

This is one of the advanced optional modules in the MSc EPEE. Building from BENVGEC3, this is a practical hands-on module that will enable students to develop expert skills in the critical use of energy-economic models approaches.

BENVGEC7 UK Energy and Environment Policy and Law

This module looks at the lessons we can learn from policy experience in the UK compared with other countries. Energy and environment policy have been extensively implemented in the UK, often as a result of international agreements or EU policy, and often in fairly complex policy packages or mixes.

BENVGEC8 Energy, Technology and Innovation

This module looks at the transition towards environmentally and energy sustainable paths of economic growth. To achieve this, it provides an understanding of the basics of economics of technical change and innovation with special reference to energy and environment.

BENVGEC9 Energy, People and Behaviour

This module introduces students to some of the main social science theories used to understand energy-related behaviours and lifestyles and how they could be changed.

BENVGE0A Business and Sustainability

This module helps students develop an in-depth understanding of how sustainability can create value for businesses. It introduces the necessary principles to measure, manage and report corporate sustainability performance in terms of the Triple Bottom Line.

BENVGECC Advanced Environmental Economics

This module presents an advanced discussion of selected topics in environmental economics, including:

  • environmental instruments in imperfect markets
  • instrument choices
  • techniques used in environmental evaluation
  • implication of time and space for environmental instruments
  • environmental economic instruments in the presence of asymmetric information and related monitoring and enforcing problems

BENVGECB Econometrics for Energy and the Environment

This module presents an introduction to econometrics used in the environmental and energy field. It starts with the general regression model, and progresses to Time Series and Panel Data, and other specialist branches of this discipline used in applied work.


Course Director

Will McDowall

View Will's profile

Send Will an email 

Programme Administrator

Kate Rice
Please contact Kate with any queries regarding the programme.

Current teaching staff:

Paolo Agnolucci
Send Paolo an email

Gabrial Anandarajah
View Gabrial's profile

Send Gabrial an email

Chiara Armeni
View Chiara'a profile
Send Chiara an email

Raimund Bleischwitz
View Raimund's profile
Send Raimund an email

Paul Ekins
Send Paul and email

Michael Grubb
Send Michael an email

Ilkka Keppo
View Ilkka's profile

Send Ilkka an email

Susana Frazao Pinheiro
View Susana's profile
Send Susana an email

Michelle Shipworth
Send Michelle an email


2014/15 intake

The majority of our 70 2014/15 students have now graduated.

2015/16 intake

The MSc EPEE is now in year 3 and proving more popular than ever with a huge number of applications being considered for 2016/17.

We currently have more than 80 UK/EU and international students attending both full time and on a modular/flexible basis. Our students have multidisciplinary backgrounds in a wide range of subjects such as engineering, economics, sociology, environment, history and politics, as well as a variety of different work experiences and previous careers.

MSc Funding and Scholarships

UCL offers a range of financial awards to assist both prospective and current students with their studies:

  • Andrew Szmidla PG Scholarship £10,000 (deadline: 17 April 2016)
  • UCL Alumni Scholarship £10,000 (deadline: 17 April 2016)
  • Malcolm Grant PG Scholarship £25,000 (deadline: 17 April 2016)
  • Santander Master's Scholarship £5,000 (deadline: 17 April 2016)
  • Brown Family Bursary £15,000 (deadline: 08 May 2016)
  • Thomas Witherden Batt Scholarship £10,000 (deadline: 08 May 2016)
  • Greenbank Scholarship £10,000 (deadline: 08 May 2016)
  • These are only available for students with full-time 2016/17 offers.

Find out more on the UCL Scholarships and Funding pages.


Entry requirements

A minimum of an upper second-class UK Bachelor’s degree in a relevant discipline (economics, economics-plus, a science or engineering subject) or an equivalent overseas qualification is usually required.

A non-quantitative degree may be considered provided that some aptitude (e.g. at A level) has been demonstrated for quantitative analysis.

These requirements may be relaxed for students who can demonstrate professional aptitude and experience.

How to apply

Apply online or download application materials.

Students are advised to apply as early as possible due to competition for places.

Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

Who can apply?

  • Economics graduates and those with a strong minor in economics or business.
  • Science and engineering graduates who want to make an interdisciplinary career in this expanding field.
  • Those with largely non-quantitative degrees who want to develop their quantitative skills and work in a more policy-related way.

What are we looking for?

When we assess your application we would like to learn:

  • how your academic and professional background meets the demands of Economics and Policy of Energy and the Environment
  • why you want to study Economics and Policy of Energy and the Environment at graduate level
  • what particularly attracts you to this programme at the UCL Energy Institute
  • where you would like to go professionally with your degree and how this programme meets these needs

The personal statement is your opportunity to illustrate why you’re suited to this programme.


  • UK/EU 2016/17 full time: £12,310
  • Overseas 2016/17 full time: £22,180


Find out more about scholarships on the UCL Scholarships website.

The deadlines for a September 2016 start are:

  • Full time: 29th July 2016
  • Modular/flexible: 2nd September 2016

Apply online now.

Course Code: TMSECOSEAE01