MAE305 Energy and Environment

This unit begins by addressing the issues associated with future energy demand, supply, and prices. It is divided into two parts, i.e. energy economics and environmental economics. While covering both of these areas, the unit has a far-reaching focus around the theme of sustainability. The unit starts with fundamental theories on environmental economics linked to externalities and environmental problems which raises the concerns of sustainability of the human race as a whole. As the unit progresses into energy issues, it presents adverse consequences of fossil fuel.