Courses & Units

Environmental Finance BEA704

Introduction

This unit studies the role of markets and financial incentives in addressing environmental and natural resource issues. It introduces the concept of ecosystem services, the role of markets in the provision of ecosystem services, different sources of market failure, and the financing processes and market-based instruments which may be developed to achieve desirable environmental outcomes. Some specific examples include environmental equity and debt financing, risk securitisation, and applications of market-based instruments developed for ecosystem services, such as trading of water rights, fishing quotas and carbon offsets.

Summary

Unit name	Environmental Finance
Unit code	BEA704
Credit points	12.5
College/School	College of Business & Economics Tasmanian School of Business and Economics
Discipline	Economics and Finance
Coordinator	Professor Darla Hatton MacDonald
Delivered By	Delivered wholly by the provider
Level	Postgraduate

Availability

This unit is currently unavailable.

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2021 are indicative and subject to change. Finalised census dates for 2021 will be available from the 1st October 2020. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

Reflect upon and demonstrate knowledge of ‘financial assets’ and their nature, and why markets for ecosystem services often fail
Reflect upon and explain the roles government play in correcting market failures using economic/financial incentives
Reflect upon securitisation and market traded instruments in environmental finance
Analyse the applications and limitations of different types of financial market instruments in solving environmental problems. Critique the applications of different types of environmental financial instruments

Fee Information

Field of Education	Commencing Student Contribution ^1,3	Grandfathered Student Contribution ^1,3	Approved Pathway Course Student Contribution ^2,3	Domestic Full Fee ⁴
			not applicable

¹ Please refer to more information on student contribution amounts.
² Please refer to more information on eligibility and Approved Pathway courses.
³ Please refer to more information on eligibility for HECS-HELP.
⁴ Please refer to more information on eligibility for FEE-HELP.

If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.

Teaching

Assessment	Examination - invigilated (externally - Exams Office) (50%)\|Workshop (10%)\|Essay (20%)\|Essay (20%)
Timetable	View the lecture timetable \| View the full unit timetable

Textbooks

Required	You will need the following text: Ramiah V & Gregoriou (2016). Handbook of Environmental and Sustainable Finance. Elsevier Students will be able to order textbooks from www.booktopia.com.au/coop searching by course code, course, ISBN and title. Requests to the library have been made for access to the handbook.
Recommended	O’Keohane, N. and Olmstead, S. (2007) Markets and the Environment, Island Press. Available on the library website as an eBook (http://www.utas.edu.au/library/). Heal, Geoffrey. (2000), Nature and the Market Place - Capturing the Value of Ecosystem Services, Island Press Barbier, Edward. (2011), Capitalizing on Nature, Cambridge University Press Millennium Ecosystem Assessment. (2005), Ecosystems and Human Well-being: Synthesis, Island Press. (Available from https://www.millenniumassessment.org/en/index.html) National Research Council of the National Academies. (2005), Valuing Ecosystem Services –Towards Better Environmental Decision Making, National Academies Press (Available on the library website as an eBook) TEEB. (2010), The Economics of Ecosystems and Biodiversity: Mainstreaming the Economics of Nature: A Synthesis of the Approach, Conclusions and Recommendations of TEEB. (Available from http://www.teebweb.org/our-publications/teeb-study-reports/synthesis-report/) UK National Ecosystem Assessment (Available from uknea.unep-wcmc.org/) A reading list with additional readings will be provided for each Module during the semester.
Links	Booktopia textbook finder

Required

You will need the following text: Ramiah V & Gregoriou (2016). Handbook of Environmental and Sustainable Finance. Elsevier

Students will be able to order textbooks from www.booktopia.com.au/coop searching by course code, course, ISBN and title. Requests to the library have been made for access to the handbook.

Recommended

O’Keohane, N. and Olmstead, S. (2007) Markets and the Environment, Island Press.

Available on the library website as an eBook (http://www.utas.edu.au/library/).

Heal, Geoffrey. (2000), Nature and the Market Place - Capturing the Value of Ecosystem Services, Island Press
Barbier, Edward. (2011), Capitalizing on Nature, Cambridge University Press
Millennium Ecosystem Assessment. (2005), Ecosystems and Human Well-being: Synthesis, Island Press. (Available from https://www.millenniumassessment.org/en/index.html)
National Research Council of the National Academies. (2005), Valuing Ecosystem Services –Towards Better Environmental Decision Making, National Academies Press (Available on the library website as an eBook)
TEEB. (2010), The Economics of Ecosystems and Biodiversity: Mainstreaming the Economics of Nature: A Synthesis of the Approach, Conclusions and Recommendations of TEEB. (Available from http://www.teebweb.org/our-publications/teeb-study-reports/synthesis-report/)
UK National Ecosystem Assessment (Available from uknea.unep-wcmc.org/)

A reading list with additional readings will be provided for each Module during the semester.

Links

Booktopia textbook finder

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