Economics and Policy of Energy and the Environment MSc

London, Bloomsbury

As the environment, climate and energy rapidly rise up the public agenda, there is a growing need for highly qualified practitioners to analyse these complex issues and relate them to policy implications. UCL's Economics and Policy of Energy and the Environment MSc trains students in the economics, policy and modelling skills needed to tackle global environmental challenges.

UK students International students
Study mode
UK tuition fees (2022/23)
Programme fees on a modular (flexible) basis.
Overseas tuition fees (2022/23)
Programme fees on a modular (flexible) basis.
1 calendar year
2 calendar years
5 calendar years
Programme starts
September 2022
Applications accepted
All applicants: 18 Oct 2021 – 31 Mar 2022

Applications closed


Application closes at 17:00 GMT.

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.

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: Good

UCL Pre-Master's and Pre-sessional English courses are for international students who are aiming to study for a postgraduate degree at UCL. The courses will develop your academic English and academic skills required to succeed at postgraduate level. International Preparation Courses

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

Equivalent qualifications

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. Please note that the equivalency will correspond to the broad UK degree classification stated on this page (e.g. upper second-class). Where a specific overall percentage is required in the UK qualification, the international equivalency will be higher than that stated below. Please contact Graduate Admissions should you require further advice.

About this degree

Students will gain a deep understanding of different economic and policy approaches to the urgent environmental and resource problems that face our global community, especially in respect to energy and climate change. You will learn how to apply a variety of analytical methods to resolve these problems, applied to a broad range of practical contexts.

Who this course is for

  • Those with a background in economics looking to develop policy expertise in the areas of energy and the environment
  • Science and engineering graduates wanting to begin an interdisciplinary career in this expanding field
  • Those with largely non-quantitative degrees who can demonstrate an aptitude for quantitative analysis and want to develop quantitative skills and work in a more policy-related way

What this course will give you

There is a global need for quantitative, practical environment and resource economists with a sound understanding of policy. 

This Master's offers students the opportunity to acquire high-level, energy-environment-economy modelling skills, whilst also focussing on conceptual as well as mathematical aspects, appealing to students with both quantitative and non-quantitative first degrees.

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

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

Asa student you will benefit from:

  • A world leading, multidisciplinary learning environment
  • Education from leading academics who boast a long-standing track-record of excellence in energy and environmental research
  • Our well-established relationships with key figures in industry, policy and academia, who often give guest lectures at our Institute
  • Access to our extensive alumni network, now within many influential international organisations concerned with energy and the environment
  • An inclusive environment that promotes global citizenship, and an ethos of equality and diversity
  • Studying in London, a city of culture at the heart of UK's seat of government and finance

The foundation of your career

Our alumni have gone on to work at numerous influential organisations such as International Energy Agency, FAO, OECD, Ofgem, CBRE, Ellen MacArthur Foundation, McKinsey, Bloomberg, KPMG and more. We also have alumni with successful careers in government, or who go on to further graduate study and research.

We host networking events, careers workshops and exclusive seminars that put our students in close contact with leaders in environmental economics and policy.


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

Sustainability has become an important consideration across all sectors. The uniquely interdisciplinary nature of this Master's provides students with practical skills that are in demand by employers from a variety of sectors including business, consulting, government, think tanks, NGOs, universities and research institutes. 

Teaching and learning

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


You will take eight taught modules and a research project leading to a dissertation.

The taught modules are delivered in Term 1 and Term 2. These comprise five compulsory modules providing core knowledge, understanding and skills. You will also take three optional modules which will be drawn from a range of available modules, allowing you to pursue specialist interests.

You should note that individual optional modules may not be offered in every academic year and are delivered subject to sufficient numbers of students enrolling on them. Some optional modules may also be subject to caps on the maximum number of students. If you have a specific optional module that you are interested in then you are strongly advised to contact the programme administrator prior to applying.

Some taught modules are assessed using a written examination. These will take place during Term 3.

You will complete a research project leading to a dissertation throughout Term 3 and the summer.

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.

Students undertake modules to the value of 180 credits. Upon successful completion of 180 credits, you will be awarded an MSc in Economics and Policy of Energy and the Environment.


Details of the accessibility of UCL buildings can be obtained from AccessAble Further information can also be obtained from the UCL Student Support & Wellbeing team.

Online - Open day

Economics and Policy of Energy and the Environment MSc Open Day 2022

A virtual open day for the Economics and Policy of Energy and the Environment MSc with Programme Director Lorenzo Lotti, Deputy-Programme Director Catherine Willan and Teaching administrator Pui Shi Tsang. A slideshow about the programme then a live Q&A session with the audience.

Online - Open day

Graduate Open Events: Energy - The Bartlett Graduate Open Week

Discover the postgraduate programmes you can study at UCL Energy Institute, meet the teaching staff and have your questions answered. Join our Faculty-wide 'In Conversation with Bartlett Alumni' session and Q&As for The Bartlett Promise Scholarship.

Fees and funding

Fees for this course

UK students International students
Fee description Full-time Part-time
Tuition fees (2022/23) £16,500 £8,250
Tuition fees (2022/23) £29,400 £14,700

Programme fees on a modular (flexible) basis.

The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Where the programme is offered on a flexible/modular basis, fees are charged pro-rata to the appropriate full-time Master's fee taken in an academic session. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website:

Additional costs

If you are concerned by potential additional costs for books, equipment, etc. on this programme, please get in touch with the programme administration team by e-mailing

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accommodation and living costs.

Funding your studies

UCL offers a range of financial awards aimed at assisting both prospective and current students with their studies.

Additional funding available from our Faculty is advertised on The Bartlett's scholarships page.

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

Bartlett Promise Scholarship - Master's

Applications Open: 1 March 2022. Deadline: 31 May 2022
Value: Tuition fees plus £15,364 maintenance/yr (Duration of programme)
Criteria Based on financial need
Eligibility: UK

Bartlett Promise Sub-Saharan Africa Masters Scholarship

Deadline: 18 April 2022
Value: Fees, stipend and other allowances (1yr)
Criteria Based on financial need
Eligibility: EU, Overseas

Ecclesiastical Insurance Bursary

Deadline: 13 May 2022
Value: Up to £24,150 (to cover the cost of fees and a stipend) (1yr)
Criteria Based on academic merit
Eligibility: UK

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.

There is an application processing fee for this programme of £90 for online applications and £115 for paper applications. Further information can be found at Application fees.

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.

Please note that you may submit applications for a maximum of two graduate programmes in any application cycle.

UCL is regulated by the Office for Students.