Economic Impact of Energy Cost

Economic Impact of Energy Cost

Students

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This course focuses on how energy costs impact economies across different industries and how new technology and management strategies might optimize energy expenditures.

The course is divided into 3 modules:

Module 1 present the potentials of renewable energy sources and the ways are been applied in different sectors. Module 1 also discusses the impact of Artificial Intelligence in renewable energy resourses and the gains derived from it. Group discussions focus on issues like:

  • What are the Benefits of Renewable Energy Systems in economy and agriculture sector?
  • Why isn’t everyone using Renewable Energy technologies? 

Module 2 discusses the trends and prospects of the energy sector, the guidelines for the development of a sustainable energy system, the blockchain emerging technologies, the energy consumption efficiency, and the circular economy as a catalyst for energy sector. Group discussions focus on issues like:

  • How does AI help the operation of energy infrastructures placed in agricultural area?
  • Is AI useful for storing and transporting energy? How can it be used in the agriculture sector?

Module 3 focuses on the impact of circular economy in regional development in EU and the policies against energy price volatility. Group discussions focus on issues like:

  • Most of the world’s power still comes from burning carbon. Can we substantially decarbonize and be “greener” based on principles of circular economy?
  • Can we keep the cost of energy low enough to sustain economic growth?
  • Can we optimize resources by creating regional electricity grids, with benefits to the agriculture sector?
  • Energy Efficiency
  • Sustainable Energy Practices
  • Communication and Partnership
  • Technology integration
  • Adaptation to energy market conditions
  • Communication and Implementation of Principles
  • Raising Awareness and Facilitating Knowledge-Sharing
  • Sustainability Reporting and System Thinking
  • Implementing Circular Economy Practices
  • Circular Economy and Business Competitiveness
  • Creativity and teamwork
  • Innovation and Implementation of Practices

More detailed Learning Outcomes can be found in module introductions.

Renewable Energy Resources

The possibilities of renewable energy sources and how they are used in various industries are presented in Module 1. The impact and benefits of artificial intelligence on renewable energy resources are also covered in this Module 

Lessons

Introduction 1. Renewable Sources of Energy 2. Smart Renewable Energy Resources References

Energy Sector: Trends and Prospects

Module 2 discusses the trends and prospects of the energy sector, the guidelines for the development  of a sustainable energy system, the blockchain emerging technologies, the energy consumption efficiency and the circular economy as a catalyst for energy sector

Lessons

Introduction 1. Energy Sector – Trends and Prospects 2. Energy Sector Trends – The case of Blockchain emerging technology 3. Energy consumption efficiency in transport References

EU-Circular Economy and Policies against Energy price Volatility

Module 3  focuses on the impact of circular economy in regional development in EU and the policies against energy price volatility.

Lessons

Introduction 1. The impact of circular economy in regional development of EU 2. EU policies against the energy price volatility References
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