This MSc is unique in the UK, focusing on core areas that have risen rapidly up the public agenda - environment, climate and energy economics, modelling and policy. There is a need for highly qualified practitioners with the skills to analyse the issues and relate the results to policy.
Modes and duration
Full-time students study for 37.5 hours per week during term time. Typically, lectures and seminars occur on two days per week. Flexible mode students normally attend half this amount.
Tuition fees (2020/21)
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. 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
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.
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About this degree
Students will gain 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).
Upon successful completion of 180 credits, you will be awarded a MSc in Economics and Policy of Energy and the Environment.
- Environmental and Resource Economics (15 credits)
- Environmental Measurement, Assessment and Law (15 credits)
- Introduction to Modelling Methods and Scenarios (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.
- 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)
- Business and Sustainability (15 credits)
- Advanced Environmental Economics (15 credits)
- Econometrics for Energy and the Environment (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.
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.
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.
UCL offers a range of financial awards aimed at assisting both prospective and current students with their studies.
For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.
93% of graduates from this programme are in work and/or further study six months after graduating (The Destinations of Leavers from Higher Education survey 2016/17).
Graduates 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.
Sustainability has become an important consideration across different sectors. The skills students from this MSc acquire will make them strong applicants for employment in many sectors 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 that are in demand by employers from a variety of fields. Students will have the opportunity to attend networking events, career workshops and exclusive seminars held at the UCL Energy Institute and UCL Institute for Sustainable Resources.
Why study this degree at UCL?
There is a definite need for quantitative, practical environment and resource economists who understand policy. The appeal of this MSc is twofold: it offers those with quantitative first degrees the chance to acquire high-level, energy-environment-economy modelling skills, but by offering a greater focus on conceptual than mathematical aspects, it is also ideal for those with largely 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.
We are part of The Bartlett School of Environment, Energy and Resources – home to specialist institutes in energy, environment, resources and heritage. The Bartlett is the UK's largest multidisciplinary Faculty of the Built Environment, bringing together scientific and professional specialisms required to research, understand, design, construct and operate the buildings and urban environments of the future.
The Bartlett is #1 for Built Environment studies in the world (QS World University Rankings). The Bartlett’s research received the most world-leading ratings for research on the Built Environment in the UK in the most recent Research Excellence Framework.
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.
There is an application processing fee for this programme of £80 for online applications and £105 for paper applications. Further information can be found at: www.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
- 15 May 2020
- 15 May 2020
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.
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