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
Available as student elective? No
Delivered By Delivered wholly by the provider
Level Postgraduate

Availability

This unit is currently unavailable.

Note

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* 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 (see withdrawal dates explained 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
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
not applicable

1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
3 Please refer here for eligibility for HECS-HELP
4 Please refer here for 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 this page to get an indicative course cost.

Teaching

AssessmentExamination - invigilated (externally - Exams Office) (50%)|Workshop (10%)|Essay (20%)|Essay (20%)
TimetableView 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.

LinksBooktopia textbook finder

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