COURSE OVERVIEW:

The meaning of foundations of energy economics and sustainable policy design refers to the application of economic theory and regulatory frameworks to the production, distribution, and consumption of energy resources. This course focuses on the market mechanisms that dictate energy prices and the policy instruments—such as carbon taxes and renewable mandates—used to align market outcomes with environmental sustainability goals. By understanding the microeconomic and macroeconomic drivers of the energy sector, participants can better anticipate market shifts and contribute to the design of resilient energy systems.

The scope of this training encompasses the analysis of energy demand elasticity, supply-side dynamics of fossil fuels versus renewables, and the concept of "Levelized Cost of Energy" (LCOE) as a tool for investment comparison. It examines the technicalities of market failure, specifically externalities like pollution, and the role of government intervention in correcting these failures through "Pigouvian" taxes or "Cap-and-Trade" systems. The course provides a deep dive into the geopolitical aspects of energy security and the economic trade-offs inherent in the global transition toward a net-zero economy.

Coverage includes the evaluation of various subsidy models, feed-in tariffs, and auctions used to accelerate the deployment of clean energy technologies. The course addresses the critical challenge of energy poverty and the design of equitable tariffs that balance utility cost recovery with consumer affordability. Participants will gain practical expertise in utilizing economic modeling tools to assess the impact of policy changes on national energy balances and corporate sustainability strategies.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

1.  Explain the fundamental microeconomic principles governing energy markets.

2.  Analyze the price elasticity of energy demand across different sectors.

3.  Calculate and compare the Levelized Cost of Energy (LCOE) for various fuels.

4.  Evaluate the economic impact of environmental externalities and carbon pricing.

5.  Differentiate between "Cap-and-Trade" and "Carbon Tax" policy designs.

6.  Assess the role of subsidies and tax credits in renewable energy adoption.

7.  Understand the economics of natural monopolies in power distribution.

8.  Analyze the geopolitical drivers of international energy trade and security.

9.  Evaluate the cost-effectiveness of energy efficiency vs. new capacity.

10.  Design policy frameworks that promote energy equity and affordability.

11.  Use economic indicators to forecast future energy market trends.

12.  Formulate a policy brief for sustainable energy transition at the local or national level.

TARGET AUDIENCE:

This course is designed for Policy Analysts, Energy Strategists, Government Officials, Sustainability Officers, Economic Consultants, and Professionals transitioning into the energy regulatory and planning sectors.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximize the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.