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.
Modes and duration
Full-time students study for 37.5 hours per week during term time, with lectures and seminars held Monday-Friday in the morning and/or afternoon. Flexible mode students normally attend half this amount.
Tuition fees (2021/22)
Note on fees: The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website: ucl.ac.uk/students/fees. Fees for flexible, modular study are charged pro-rata to the appropriate full-time Master's fee taken in an academic session.
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: 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.
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:
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.
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).
Upon successful completion of 180 credits, you will be awarded a MSc in Economics and Policy of Energy and the Environment.
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.
- Environmental and Resource Economics (15 credits)
- Introduction to Modelling Methods and Scenarios (15 credits)
- Environmental Measurement, Assessment and Law (15 credits)
- Planetary Economics and the Political Economy of Energy and Climate Change (15 credits)
- Research Concepts and Methods (15 credits)
Compulsory modules are assessed through coursework, written and oral examinations. Planetary Economics and the Political Economy of Energy and Climate Change is assessed 100% by oral examination.
- Business and Sustainability (15 credits)
- Advanced Energy-Environment-Economy Modelling (15 credits)
- UK Energy and Environment Policy and Law (15 credits)
- Energy, Technology and Innovation (15 credits)
- Energy, People and Behaviour (15 credits)
- Econometrics for Energy and the Environment (15 credits)
- Advanced Environmental Economics (15 credits)
- Behavioural Economics and Game Theory for the Environment (15 credits)
- Energy, Environment and Resources in Developing Countries (15 credits)
Optional modules are subject to availability.
- Further information about these modules is available on the department website.
All students undertake an independent research project which culminates in a dissertation of 10,000 words (60 credits).
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.
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 email@example.com.
For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accommodation and living costs.
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.
Scholarships relevant to this department are displayed below.
- Deadline: 31 May 2021
- Tuition fees plus £15,364 maintenance/yr (Duration of programme)
- Based on financial need
- Deadline: 16 July 2021
- Up to £10,000 (Duration of programme)
- Based on both academic merit and financial need
- Deadline: 5pm (BST), Thursday 21 April 2021
- £10,000 (1 year)
- Based on both academic merit and financial need
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 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.
Our alumni have gone on to work at numerous influential organisations such as International Energy Agency, FAO, OECD, Ofgem, CBRE, Ellen MacArthur Foundation, KPMG and more.
We host networking events, careers workshops and exclusive seminars that put our students in close contact with leaders in environmental economics and policy.
Why study this degree at UCL?
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, policyand 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
What our students and staff say
"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 StrachanEnergy Studies Demand MRes, Economics and Policy of Energy and the Environment MSc, Energy MPhil/PhD
UCL Energy Institute
"UCL is a really exciting and motivating place to engage in policy relevant research and education that is of potential future benefit."
Professor Paul EkinsEconomics and Policy of Energy and the Environment MSc
UCL Bartlett School for Environment, Energy & Resources
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.
This programme requires two references. Further information regarding references can be found in our How to apply section.
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: ucl.ac.uk/prospective-students/graduate/taught/application.
Who can apply?
- 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
- 31 May 2021
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.
UCL is regulated by the Office for Students.