能源金融:风险与机遇

2016年7月10日-17日，中国北京

主办单位: 

北京航空航天大学经济管理学院

国际能源经济学会(IAEE) 

联合主办单位: 

中国科学院能源与环境政策研究中心

中国”双法”学会低碳发展管理专业委员会 

地点 

北京航空航天大学学院路校区新主楼A座（中国北京市海淀区学院路37号） 

主讲人： 

Professor Ronald D. Ripple, PhD

国际能源经济学会(IAEE)副主席，美国Tulsa 大学能源金融教授

主讲人简介 

　　Dr. Ronald D. Ripple is the Mervin Bovaird Professor of Energy Business and Finance in the School of Energy Economics, Policy, and Commerce in the Collins College of Business at The University of Tulsa. Ron took up his current position lecturing in the TU Master of Energy Business Program in 2013 after spending nearly fourteen years in Australia, with another year in Hong Kong. Dr. Ripple has studied oil and natural gas markets for over 34 years, getting his start in the Office of the Governor of Alaska. He wrote his PhD dissertation on Alaska North Slope natural gas, and recently authored a chapter on the Geopolitics of Australia Natural Gas Development for the joint Harvard-Rice Geopolitics of Natural Gas Study. In between these two studies, Ron has published numerous peer-reviewed journal articles, trade press articles, and reports, typically focusing on oil and natural gas markets and the financial derivatives markets that support them.  

教学大纲： 

Energy finance: risks and opportunities 

Day 1 – Intro to energy finance – mostly specialized energy economics – importance of cash flows – capital asset pricing model – time value of money – escalation and inflation

Day 2 – NPV and IRR – energy investment decision tools – discounted cash flows

Day 3 – Futures – valuation and hedging instruments in energy markets

Day 4 – Options – valuation and hedging instruments in energy markets

Day 5 – Real options – enhancement to discounted cash flow, net present value methods

Day 6 – Foreign exchange – import to risk mitigation for international investments

All these classes will do capital budgeting, some theory on futures and options, and some real options valuation. Examples of economic evaluation of coal versus natural gas plant investment will be involved, which will incorporate the importance of thermal efficiencies in such evaluation. 

日程安排 

2016年7月10日

注  册     全天

招待会     19:00