Managing the Energy Transition

Implementing Scalable Clean Energy Solutions for a Sustainable Future

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Course Dates

STARTS ON

April 24, 2024

Course Duration

DURATION

6 weeks, online
4–6 hours per week

Course Fee
Course Fee

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IMPLEMENT SUSTAINABLE ENERGY SOLUTIONS

Pressing climate change concerns and geopolitical tensions have accelerated the urgency to embrace cleaner energy alternatives over conventional energy sources. To tackle this change, organizations are looking toward professionals with strong leadership skills who can effectively collaborate with stakeholders to steer through challenges. Energy leaders need to be proficient at navigating complex regulatory frameworks while assessing the economics of different renewable energy sources.

The Managing the Energy Transition program from Texas Executive Education at the McCombs School of Business is designed by expert faculty with global, cross-industry experience and active involvement in the debates and policymaking in the energy sector. Through a combination of expert insights, application-based activities, case studies, and peer learning, the six-week curriculum empowers professionals to manage trade-offs and make informed decisions as they drive their organizations toward an efficient and equitable energy transition.

UT AUSTIN: A LEADER IN ENERGY RESEARCH AND EDUCATION

The state of Texas has developed abundant renewable energy resources, generating more than a quarter of the nation’s electricity from wind power, and is a leader in solar energy production. The University of Texas at Austin (UT Austin) is core to this success and is the nation’s number-one energy research university. Its future-thinking faculty champion collaboration and innovation. Over 20 energy centers and programs, at UT Austin facilitate an integrated, systems-oriented approach to meeting the energy challenges of today and the future.

UT Austin’s Energy Institute has funded more than US$300 million in energy research on a broad spectrum of issues. It is also home to the KBH Energy Initiative, a preeminent energy center at the intersection of energy business, law, and policy. This diverse research footprint is pioneering novel ways to enable energy sustainability. UT Austin has the largest alumni network of energy professionals in the nation and has contributed almost 14% of the US talent pool currently working in the energy sector.

WHAT YOU WILL LEARN

The Managing the Energy Transition program will enable you to:

  • Define drivers and impacts of energy transition, including scientific evidence market forces, policy, risk, and geopolitical shocks.
  • Compare the cost, reliability, and cleanliness of net-zero technologies to assess uncertainty and trade-offs in the context of the transition.
  • Identify economic trade-offs between the impact of climate change and the macroeconomic cost of decarbonization.
  • Analyze the effectiveness and impact on cost due to impacts of regulatory policy choices for achieving net- zero goals.
  • Examine scenario analysis planning in making informed decisions and mitigating risk in the energy transition.
  • Provide strategic recommendations for navigating change in today’s energy markets.
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"As the energy sector moves towards net zero, organizations face the challenge of balancing the urgency to decarbonize with the practicalities of effectively integrating greener energy sources. The Managing the Energy Transition program equips leaders with the tools and frameworks to effectively navigate these trade-offs and make informed decisions for implementing sustainable energy solutions."

— David B. Spence, PhD, The Rex G. Baker Centennial Chair in Natural Resources Law, University of Texas School of Law; Professor of Business, Government and Society, McCombs School of Business

WHO IS IT FOR?

The program is ideal for business leaders and senior professionals in the energy industry who are:

  • Keen to understand the drivers, trade-offs, and policy choices associated with energy transition in order to align organizational energy strategies with sustainability goals
  • Seeking tools and techniques to drive operational excellence, adopt new technologies, and maximize profitability
  • Looking to stay abreast of emerging trends and complex regulatory requirements to guide organizations toward policy compliance
  • Interested in exploring various policy approaches for reducing carbon emissions while balancing economic considerations with environmental goals

CURRICULUM

The six-week program delves into the scientific and political forces driving energy transition as well as the financial and environmental trade-offs that need to be addressed. The curriculum, organized into weekly modules, offers flexibility in accessing program materials. Weekly activities, including faculty lectures, case studies, and real-world scenarios, equip participants with practical tools to manage scenario planning and decision making.

Module 1:

Drivers of Energy Transition

Understand the institutional structure of energy markets and the risks and opportunities created by different energy market designs. Consider the scientific and political forces driving energy transition and explore some of the prevailing models of a low-carbon future.

Module 2:

Trade-Offs Inherent in Energy Transition

Dive into the politics of energy policymaking and why certain changes take more time than others. Understand financial and environmental trade-offs and their implications for energy transition goals.

Module 3:

Climate Change and the Economy: What Are the Impacts?

In this module, we will discuss the macroeconomic costs of decarbonization as well as the social cost of carbon while understanding how restructuring the energy market has near- and long-term impacts.

Module 4:

Regulatory Policy Choices and Energy Transition

Explore various policy approaches toward energy transition — including taxes, cap and trade, standards, and subsidies — and their cost-effectiveness. Analyze the long-term costs and distributional impacts of decarbonization policies.

Module 5:

Scenarios for Business Planning Considering Climate

Examine why scenario planning is an essential step in developing business strategies and tactics that may be impacted by energy transition. Explore how it can help identify the risks and opportunities as well as potential alternatives that can be analyzed in the context of different scenarios.

Module 6:

Decision-Making with Multiple Objectives

Understand why energy transition requires you to weigh profitability, cost, and other objectives as well as measure the alternative outcomes. In this module, you will explore how utility theory can be used to make decisions with multiple objectives.

Module 1:

Drivers of Energy Transition

Understand the institutional structure of energy markets and the risks and opportunities created by different energy market designs. Consider the scientific and political forces driving energy transition and explore some of the prevailing models of a low-carbon future.

Module 4:

Regulatory Policy Choices and Energy Transition

Explore various policy approaches toward energy transition — including taxes, cap and trade, standards, and subsidies — and their cost-effectiveness. Analyze the long-term costs and distributional impacts of decarbonization policies.

Module 2:

Trade-Offs Inherent in Energy Transition

Dive into the politics of energy policymaking and why certain changes take more time than others. Understand financial and environmental trade-offs and their implications for energy transition goals.

Module 5:

Scenarios for Business Planning Considering Climate

Examine why scenario planning is an essential step in developing business strategies and tactics that may be impacted by energy transition. Explore how it can help identify the risks and opportunities as well as potential alternatives that can be analyzed in the context of different scenarios.

Module 3:

Climate Change and the Economy: What Are the Impacts?

In this module, we will discuss the macroeconomic costs of decarbonization as well as the social cost of carbon while understanding how restructuring the energy market has near- and long-term impacts.

Module 6:

Decision-Making with Multiple Objectives

Understand why energy transition requires you to weigh profitability, cost, and other objectives as well as measure the alternative outcomes. In this module, you will explore how utility theory can be used to make decisions with multiple objectives.

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ENERGY TRANSITION PLAYBOOK

Throughout this program, you will complete a series of activities in the form of a simulated energy transition scenario to consider how you might apply the knowledge and skills for energy transition acquired during this program in your role or organization. You will use your playbook as a program journal to record your progress and reflect on your learnings. At the end of each module, the playbook will help decide how you might influence strategies within your organization or implement proposals in energy transition that you have developed in the program activities.

Module 1
Describe your organization's energy transition vision, the influence climate science and policy have had on it, and which tech disruptors have influenced decision making in its pursuit.

Module 2
Explore how trade-offs could have implications for the energy transition goals and situations that are unique to your organization.

Module 3
Study the economic consequences on your organization of doing nothing in relation to climate change.

Module 4
Identify a current policy that may impact the net zero efforts of your organization for years to come by comparing costs and analyzing distributional impacts.

Module 5
Practice creating a scenario and a problem statement for impactful decision making.

Module 6
Develop ESG measures to create action items in energy transition by identifying high-level risks and decisions.

KEY PROGRAM FEATURES

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Expert Faculty

Gain in-depth insights from world-renowned faculty who are also expert practitioners with long-standing industry experience.

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Peer Learning

Interact and share insights with like-minded business leaders in the energy industry from around the world.

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Real-World Examples

Draw on the broad expertise of faculty and on proprietary frameworks and use cases from across the entire energy ecosystem, all of which serve to make your learnings holistic.

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Energy Transition Playbook

Create a resourceful playbook by applying program learnings to your organization’s challenges in navigating the path to net zero.

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Weekly Office Hours

Join optional live weekly office hours with a program leader to deepen your understanding and clarify your questions.

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Certificate of Completion

Earn a certificate of completion from The University of Texas at Austin, McCombs School of Business, a leader in energy research and education.

MEET THE FACULTY

Faculty Member DAVID B. SPENCE, PhD

DAVID B. SPENCE, PhD

The Rex G. Baker Centennial Chair in Natural Resources Law, University of Texas School of Law; Professor of Business, Government and Society, McCombs School of Business

David B. Spence’s research focuses on the law and politics of energy regulation. He is the coauthor of a leading energy law casebook and has published numerous scholarly articles on energy policy, regulation, and the regulatory process. His scholarly writings address the economic and environmental regulations of the energy industry (both the fossil fuel and clean energy sectors). Professor Spence has a PhD in political science from Duke University and a JD from the University of North Carolina.

Faculty Member SHEILA OLMSTEAD, PhD

SHEILA OLMSTEAD, PhD

Professor of Public Affairs, UT Austin

Sheila Olmstead is a professor at the Lyndon B. Johnson School of Public Affairs at UT Austin, a visiting fellow at Resources for the Future in Washington, DC, and a senior fellow at the Property and Environment Research Center in Bozeman, Montana. She is currently an editor of the journal of the Association of Environmental and Resource Economists. She holds a PhD in public policy from Harvard University and a master's in public affairs from UT Austin.

Profile picture of professor JAMES DYER

JAMES DYER, PhD

Professor of Information, Risk and Operations Management; the Fondren Foundation Centennial Chair in Business, the McCombs School of Business at UT Austin

James Dyer’s research and teaching interests include risk management, multiple-criteria decision making, and capital budgeting. He has won multiple academic awards, including the 2006 Edgeworth-Pareto Award for Lifetime Achievement from the International Society on Multiple-Criteria Decision Making. He has coauthored numerous scholarly articles on decision analysis, operations research, and the role of management science. Professor Dyer received his BA and PhD from UT Austin.

CERTIFICATE

Certificate

CERTIFICATE

Upon successful completion of the program, participants will be awarded a certificate from The University of Texas at Austin, McCombs School of Business.

After successful completion of this program, your digital certificate will be emailed to you in the name you used when registering for the program. All certificate images are for illustrative purposes only and may be subject to change at the discretion of The University of Texas at Austin.

Note: This program does not grant academic credit or a degree from the McCombs School of Business.

Didn’t find what you were looking for? Write to us at learner.success@emeritus.org or Schedule a call with one of our Academic Advisors or call us at +1 361 344 4980 (US) / +44 13 8443 7887 (UK)

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