Carbon Reporting

Course Description: 

Greenhouse gas (GHG) emissions are the prime example most economists now think of when discussing externalities. There are many different ways to address externalities from a public economics perspective including emissions fees, cap-and-trade, and command and control regulation. In this course we will discuss emissions trading mechanisms and emissions reporting as the chosen public response to externalities.

This course aims to provide students with general understanding of international emissions trading mechanisms and processes that are commonly known as “carbon finance” and its working principles. The course will provide a geographical overview of emissions trading schemes and tendencies within Americas, Europe, Asia-Pacific and Africa; together with that all processes and mechanism discussed will be also divided into two major categories – regulatory or mandatory (compliance) trading and reporting and, on the other hand, voluntary activities and schemes. It will broadly cover the largest regulatory trading mechanisms including but not limited to UNFCCC’s Kyoto protocol (global), European Union Emissions Trading Scheme (EU), Environment Protection Agency's Mandatory Reporting Rule (US), National Greenhouse and Energy Reporting (Australia), Accord de Branche (Belgium), Grenelle (France), Carbon Reduction Commitment (UK).

Students will be given an opportunity to create a carbon disclosure report and identify corporate risks and opportunities connected to climate change issues as well as calculate EU ETS emissions of an organization and submit a Faux CDP Report.

The purpose of this course is not only to deliver theoretical knowledge but also to facilitate the development of analytical and practical skills among students. Therefore course lectures will be supported with varied seminar activities including class discussions, debates, quizzes and other exercises, comprehensive illustrations from modern business case studies etc.

Learning Outcomes: 


By the end of this course successful students should:

Acquired knowledge

grasp the basic principles of GHG accounting and reporting, get familiar with the scopes of emissions and main uncertainties and calculation techniques applicable to each of the scopes, international and country specific compliance and voluntary emissions trading and reporting schemes, be able to calculate basic carbon footprint of an organisation

Reading skills

be able to read and understand texts on CO2 accounting, reporting and GHG emissions sources

Communication skills

be able to express and supplement their own analysis and conclusions on the course topics obtained during the peer-to-peer interactions

Cultural sensitivity and diversity

have increased understanding and acceptance of different viewpoints in carbon finance debates

Critical thinking

demonstrate ability to apply critical and reflective thinking to the major points of the course discussions

Ethics and responsibility

be motivated to consider ethical notions of business activities, and have a thorough view on public and private responsibilities in relation to GHG emissions

Decision-making knowledge and skills

be able to understand the decision-making process in business in respect to carbon accounting and reporting, the role of GHG accounting & reporting tools, and learn to make basic decisions



Class attendance  20%

Active participation in seminars 10 %

Take-home assignment 70%