Spring Term

Corporate Finance and Carbon Finance

Corporate finance is at the heart of investment banking and is crucial to running a successful business in any sector. In this module you will cover the key elements of company finance and valuation. In addition, you will learn about carbon finance, to understand the financial instruments that effectively put a price on carbon emissions, and how these are integrated in business strategies. Experts from the World Bank, investment funds and energy-intensive businesses will deliver guest lectures on these issues.

Specific topics will include capital structure and corporate value, the use of option pricing in capital budgeting, mergers and acquisitions, dividend policies, and emissions trading.

By the end of the module you will understand how to assess individual investment projects, value companies, and evaluate the sources of finance available to companies, as well as how to manage organisational carbon finance.

Business Economics, Climate Change and the Environment

The aim of this module is to introduce economic concepts of practical value in business life. For example, marginal costs, sunk costs and elasticities make up an increasing part of everyday business life. Interactions between the firm and the market, and the economics of innovation, will also be explored as they each affect business performance. Macroeconomics, and its forces, will also be considered as it is essential to business planning.

Topics covered include not only domestic developments and government policies but also the impact of international forces in an increasingly interconnected world. You will also learn about the economics of climate and environmental change, and how formal economic thinking can assist real-world policymaking and business in these areas.

Marketing and Sustainability

In a world where organisations are under increasing public scrutiny, communication and marketing is a now major part of business strategy. Effective marketing management requires a clear understanding of consumers and the market in general. Sustainability and climate change are at the heart of marketing and communication for many organisations.

The purpose of this module is to provide students with the tools and understanding of how businesses manage relationships with key stakeholders, including employees, and promote a positive corporate reputation. You will analyse strategies to foster staff and stakeholder engagement, and to create consensus, for example on the need for changing a company’s culture. You will learn about current communication technologies, skills and techniques. External speakers and case studies will focus in particular on sustainability issues from a number of business settings.

Mitigating Climate Change

Utilising the world-class expertise from across Imperial College London, in this module you will learn about climate change mitigation strategies. The most relevant technological mitigation strategies will be presented and discussed, including biological and inorganic carbon sequestration, energy system transformation and renewable energy technologies. National climate change mitigation plans from some of the world’s major emitters of greenhouse gases will be analysed and discussed. You will acquire the knowledge and tools to devise and understand effective and cost-effective strategies for mitigating climate change on global, sectorial and local scales.

Clean Tech Innovation and Investment

In this module, you will learn why business and industrial innovation is critical to forming climate change solutions. The module will lead to an appreciation of how firms create, manage, protect and capture value from technological innovations, and how these are invested in. We will discuss the various tools and processes which can help firms benefit from their innovative endeavours, which will be discussed in the module. We will take an in-depth look at rapidly evolving global energy and climate change markets with a specific focus on low-carbon and renewable energy technologies. The financing of innovation by venture capital, private equity or crowd funding will be discussed, with guest lectures delivered by practitioners in this area. The module will also address the financing of large low-carbon energy projects.