Lucas Bretschger: Catalogue data in Spring Semester 2020
|Name||Prof. Dr. Lucas Bretschger|
|Field||Ökonomie, insbesondere Ressourcenökonomie|
ETH Zürich, ZUE F 7
|Telephone||+41 44 632 21 92|
|Department||Management, Technology, and Economics|
|151-0928-00L||CO2 Capture and Storage and the Industry of Carbon-Based Resources||4 credits||3G||M. Mazzotti, L. Bretschger, N. Gruber, C. Müller, M. Repmann, T. Schmidt, D. Sutter|
|Abstract||Carbon-based resources (coal, oil, gas): origin, production, processing, resource economics. Climate change: science, policies. CCS systems: CO2 capture in power/industrial plants, CO2 transport and storage. Besides technical details, economical, legal and societal aspects are considered (e.g. electricity markets, barriers to deployment).|
|Objective||The goal of the lecture is to introduce carbon dioxide capture and storage (CCS) systems, the technical solutions developed so far and the current research questions. This is done in the context of the origin, production, processing and economics of carbon-based resources, and of climate change issues. After this course, students are familiar with important technical and non-technical issues related to use of carbon resources, climate change, and CCS as a transitional mitigation measure.|
The class will be structured in 2 hours of lecture and one hour of exercises/discussion. At the end of the semester a group project is planned.
|Content||Both the Swiss and the European energy system face a number of significant challenges over the coming decades. The major concerns are the security and economy of energy supply and the reduction of greenhouse gas emissions. Fossil fuels will continue to satisfy the largest part of the energy demand in the medium term for Europe, and they could become part of the Swiss energy portfolio due to the planned phase out of nuclear power. Carbon capture and storage is considered an important option for the decarbonization of the power sector and it is the only way to reduce emissions in CO2 intensive industrial plants (e.g. cement- and steel production). |
Building on the previously offered class "Carbon Dioxide Capture and Storage (CCS)", we have added two specific topics: 1) the industry of carbon-based resources, i.e. what is upstream of the CCS value chain, and 2) the science of climate change, i.e. why and how CO2 emissions are a problem.
The course is devided into four parts:
I) The first part will be dedicated to the origin, production, and processing of conventional as well as of unconventional carbon-based resources.
II) The second part will comprise two lectures from experts in the field of climate change sciences and resource economics.
III) The third part will explain the technical details of CO2 capture (current and future options) as well as of CO2 storage and utilization options, taking again also economical, legal, and sociatel aspects into consideration.
IV) The fourth part will comprise two lectures from industry experts, one with focus on electricity markets, the other on the experiences made with CCS technologies in the industry.
Throughout the class, time will be allocated to work on a number of tasks related to the theory, individually, in groups, or in plenum. Moreover, the students will apply the theoretical knowledge acquired during the course in a case study covering all the topics.
|Lecture notes||Power Point slides and distributed handouts|
|Literature||IPCC Special Report on Global Warming of 1.5°C, 2018.|
IPCC AR5 Climate Change 2014: Synthesis Report, 2014. www.ipcc.ch/report/ar5/syr/
IPCC Special Report on Carbon dioxide Capture and Storage, 2005. www.ipcc.ch/activity/srccs/index.htm
The Global Status of CCS: 2014. Published by the Global CCS Institute, Nov 2014.
|Prerequisites / Notice||External lecturers from the industry and other institutes will contribute with specialized lectures according to the schedule distributed at the beginning of the semester.|
|363-0532-00L||Economics of Sustainable Development||3 credits||2V||L. Bretschger|
|Abstract||Concepts and indicators of sustainable development, paradigms of weak and strong sustainability;|
neoclassical and endogenous growth models;
economic growth in the presence of exhaustible and renewable resources; pollution, environmental policy and growth;
role of substitution and technological progress;
Environmental Kuznets Curve; sustainability policy.
|Objective||The aim is to develop an understanding of the implications of sustainable development for the long-run development of economies. It is to be shown to which extent the potential for growth to be sustainable depends on substitution possibilities, technological change and environmental policy.|
After successful completion of this course, students are able to
1. understand the causes of long-term economic development
2. analyse the influence of natural resources and pollution on the development of social welfare
3. to appropriately classify the role of politics in the pursuit of sustainability goals.
|Content||The lecture introduces different concepts and paradigms of sustainable development. Building on this foundation and following a general introduction to the modelling of economic growth, conditions for growth to be sustainable in the presence of pollution and scarce natural resources are derived. Special attention is devoted to the scope for substitution and role of technological progress in overcoming resource scarcities. Implications of environmental externalities are regarded with respect to the design of environmental policies. |
Concepts and indicators of sustainable development, paradigms of weak and strong sustainability, sustainability optimism vs. pessimism;
introduction to neoclassical and endogenous growth models;
pollution, environmental policy and growth;
role of substitution possibilities and technological progress;
Environmental Kuznets Curve: concept, theory and empirical results;
economic growth in the presence of exhaustible and renewable resources, Hartwick rule, resource saving technological change.
|Lecture notes||Will be provided successively in the course of the semester.|
|Literature||Bretschger, F. (1999), Growth Theory and Sustainable Development, Cheltenham: Edward Elgar.|
Bretschger, L. (2004), Wachstumstheorie, Oldenbourg, 3. Auflage, München.
Bretschger, L. (2018), Greening Economy, Graying Society, CER-ETH Press, ETH Zurich.
Perman, R., Y. Ma, J. McGilvray and M. Common (2011), Natural Resource and Environmental Economics, Longman , 4th ed., Essex.
Neumayer, E. (2003), Weak and Strong Sustainability, 2nd ed., Cheltenham: Edward Elgar.
|364-0531-00L||CER-ETH Research Seminar||0 credits||2S||H. Gersbach, A. Bommier, L. Bretschger|
|Abstract||Research Seminar of Center of Economic Research CER-ETH|
|Objective||Survey of the currently leading research in economics, especially in the CER-ETH research fields.|
|Content||Presentations of current and recent research results in the CER-ETH research fields, usually by international guest speakers.|
|Prerequisites / Notice||Please note the special announcements.|
|364-0576-00L||Advanced Sustainability Economics |
PhD course, open for MSc students
|3 credits||3G||L. Bretschger|
|Abstract||The course covers current resource and sustainability economics, including ethical foundations of sustainability, intertemporal optimisation in capital-resource economies, sustainable use of non-renewable and renewable resources, pollution dynamics, population growth, and sectoral heterogeneity. A final part is on empirical contributions, e.g. the resource curse, energy prices, and the EKC.|
|Objective||Understanding of the current issues and economic methods in sustainability research; ability to solve typical problems like the calculation of the growth rate under environmental restriction with the help of appropriate model equations.|