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MSc in Economics and Policy of Energy and the Environment


This MSc is unique in the UK in focusing on five core areas which have risen rapidly up the public agenda – environment, climate and energy economics, modelling and policy – and for which there is a need for highly qualified practitioners with the skills to analyse the issues and relate the results to policy.

The MSc in Economics and Policy of Energy and the Environment (a jointly run programme between the UCL Energy Institute and the UCL Institute of Sustainable Resources) was launched in September 2013 with the enrolment of 54 students from around the world. 

The UCL Institute of Sustainable Resources, provides expertise on resource economics. These areas are increasingly important due to related challenges, such as climate change, resource exhaustion and energy affordability. The UCL Energy Institute is world leader in a range of areas covered by the programme; for example, energy systems, energy economics, energy and environmental policy and law and behavioural aspects of energy use. 

There is a definite need for quantitative, practical environment and resource economists who understand policy. The appeal of this MSc is two-fold: it offers those with quantitative first degrees the chance to acquire high-level, energy-environment-economy modelling skills, but in relaxing the level of mathematical skills required, it is also ideal for those with largely non-quantitative first degrees also.


The MSc in Economics and Policy of Energy and the Environment is a 180 credit course, focused on the needs of early career researchers.

The course will employ a range of teaching, learning and assessment methodologies, including 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 UCL ISR, UCL Energy and the other Schools contributing to the MSc.

Assessment methods will differ between modules, and will comprise examinations, assessed course work, including hands-on modelling projects, and a dissertation for students to put into detailed practice the methods and techniques about which they have learned in the taught part of 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 and Climate Change (15 credits)
  • BENVGBE8 - Dissertation (60 credits)
Optional modules (and 3 from the following)
  • BENVGEC6 - Advanced Energy-Environment-Economy Modelling (15 credits)
  • BENVGE0A - Business and Sustainability (15 credits)
  • BENVGEC9 - Energy, People and Behavior (15 credits)
  • SEESGS65 - Energy, Technology and Innovation (15 credits)
  • BENVGEC7- UK Energy and Environment Policy and Law (15 credits)
  • BENVGECC - Advanced Environmental Economics (15 credits)
  • BENVGECB - Econometrics for Energy and the Environment (15 credits)

Further detail on the course content of these models can be found at MSc EPEE>

How to Apply

Details of the application process for this course can be found at:

Applying for MSc in EPEE >