Economics and Policy of Energy and the Environment MSc

This MSc is unique in the UK in focusing on five core areas which have risen rapidly up the public agenda – environment, climate and energy economics, modelling and policy – and for which there is a need for highly qualified practitioners with the skills to analyse the issues and relate the results to policy.

Key Information

Modes and duration

  • Full-time: 1 year
  • Flexible: 2-5 years

Programme start date

September 2016

Tuition Fees (2016/17)

£12,237 (FT) £N/A (PT)
£22,180 (FT) £N/A (PT)

Application dates

All applicants
Open: 5 October 2015
Close: 29 July 2016
Close: 5 September 2015
Fees note: Fees for flexible, modular study are charged pro-rata to the appropriate full-time Master's fee taken in an academic session. The tuition fee schedule for 2016/17 entry can be viewed on the UCL Current Students website.

Entry Requirements

Normally a minimum of an upper second-class UK Bachelor’s degree in a relevant discipline (economics, economics-plus, a science or engineering subject) or an overseas qualification of an equivalent standard is required. A non-quantitative degree may, however, be considered provided that some aptitude, e.g. at A level, has been demonstrated for quantitative analysis. These requirements may be relaxed for mature students who can demonstrate aptitude and experience, for example, in business or government.

English Language Requirements

If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency.

The English language level for this programme is: Standard

Further information can be found on our English language requirements page.

International students

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.

International applicants can find out the equivalent qualification for their country by selecting from the list below.

Select your country:

Degree Information

Students will reach a deep understanding of different economic and policy approaches to the resource and environmental problems facing the global community and nation states, especially in respect to energy and climate change. They will learn how to apply a variety of analytical methods to resolve these problems in a broad range of practical contexts.

Students undertake modules to the value of 180 credits.

The programme consists of five core modules (75 credits), three optional modules (45 credits) and a dissertation (60 credits).

Core Modules

  • Environmental and Resource Economics
  • Evidence, Policy Assessment and Environmental Law
  • Modelling, Methods and Scenarios
  • Political Economy of Energy Policy
  • Planetary Economics and the Political Economy of Energy and Climate Change
  • Research Concepts and Methods


  • Choose any three of the following:
  • Advanced Energy-Environment-Economy Modelling
  • Business and Sustainability Energy, People and Behaviour
  • Energy, Technology and Innovation
  • UK Energy and Environment Policy and Law
  • Advanced Environmental Economics
  • Econometrics for Energy and the Environment


All students undertake an independent research project which culminates in a 10,000-word dissertation.

Teaching and Learning

The programme is delivered through a combination of lectures, seminars, tutorials and project work. Assessment is through examination, coursework and by dissertation.

Further information on modules and degree structure available on the department web site Economics and Policy of Energy and the Environment MSc


Scholarships relevant to this department are displayed below. For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.


Graduates of this programme will be equipped to become leaders and entrepreneurs in their chosen area of specialisation, whether in terms of policy-making, the business management of sustainable issues, energy system modelling or their understanding and application of innovative systems.

The skills that they will acquire will make them strong applicants for employment in a range of sectors in which sustainability has become an important consideration, including business, central and local government, think tanks and NGOs and universities and research institutes.


The uniquely interdisciplinary nature of this Master's provides students with practical skills which are highly sought by employers from a variety of fields. Students will have the opportunity to attend networking events, career workshops and exclusive seminars held at UCL Energy Institute.

Why study this degree at UCL?

The UCL Energy Institute is world leader in a range of areas covered by the programme; for example, energy systems, energy economics, energy and environmental policy and law and behavioural aspects of energy use.

Our sister institute, UCL Institute of Sustainable Resources, provides additional expertise on resource economics. These areas are increasingly important due to related challenges, such as climate change, resource exhaustion and energy affordability.

There is a definite need for quantitative, practical environment and resource economists who understand policy. The appeal of this MSc is two-fold: it offers those with quantitative first degrees the chance to acquire high-level, energy-environment-economy modelling skills, but in relaxing the level of mathematical skills required, it is also ideal for those with largely non-quantitative first degrees also.

Student / staff ratios › 62 staff including 45 postdocs › 90 taught students › 65 research students

Department: Bartlett School of Environment, Energy and Resources

Degree reviews

Staff review

"UCL Energy Institute's focus on multi-disciplinary research into energy systems and energy demands that key elements of understanding respond to the challenges of decarbonisation, energy security and energy affordability. Over the last eight years I have led high-profile research projects, including as principal investigator of the Whole Systems Energy Modelling Consortium (wholeSEM), the UK's groundbreaking initiative to develop, integrate and apply state-of-the-art energy models."

Professor Neil Strachan

Energy Studies Demand MRes, Economics and Policy of Energy and the Environment MSc, Energy MPhil/PhD
UCL Energy Institute
Staff review

"UCL is a really exciting and motivating place to engage in policy relevant research and education that is of potential future benefit."

Professor Paul Ekins

Economics and Policy of Energy and the Environment MSc
UCL Bartlett School for Environment, Energy & Resources
Alumni review

"During my MSc I first got into contact with many of the researchers with whom I work today. The collegial atmosphere at the UCL Energy Institute and Institute for Sustainable Resources has substantially contributed to my decision to pursue a MPhil/PhD programme here. Furthermore, my MSc thesis supervisor put me in contact with energy modelling teams from Sweden and the US, which was useful both for my thesis research and for my current PhD work."

Tobias Reinauer

Economics and Policy of Energy and the Environment MSc (2014)

Application and next steps


Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

Who can apply?

  • Economics graduates and those with a strong minor in economics or business
  • Science and engineering graduates who want to make an interdisciplinary career in this expanding field
  • Those with largely non-quantitative degrees who want to develop quantitative skills and work in a more policy-related way, and who can demonstrate aptitude for quantitative analysis

    Application deadlines

    All applicants
    29 July 2016
    5 September 2015

    For more information see our Applications page.

    Apply now

What are we looking for?

When we assess your application we would like to learn:
  • how your academic and professional background meets the demands of Economics and Policy of Energy and the Environment
  • why you want to study Economics and Policy of Energy and the Environment at graduate level
  • what particularly attracts you to this programme at the UCL Energy Institute
  • where you would like to go professionally with your degree and how this programme meets these needs
Together with essential academic requirements, the personal statement is your opportunity to illustrate why you are suited to this programme.


  • Register interest in your chosen subjects
  • Receive notice of graduate open days, events and more
Register now

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