Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Climate Finance and ESG Investment ACCFIN5255

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

This course develops a critical understanding of the economic consequences of climate change and the financial market solutions for tackling them. This course covers the climate change problems we face and the existing financial market methods designed for solving them, specifically, ESG investment.


10x2hr lectures

Requirements of Entry

Please refer to the current postgraduate prospectus at:





Course Aims

The aim of this course is to develop a critical understanding in the area of climate finance, green finance, and ESG investment. The course also develops practical skills involved with ESG investment, focusing on research design, statistical analysis and evaluates the implications of international climate change regulations.

Intended Learning Outcomes of Course

By the end of this course, students will be able to:

1. Critically assess how the economic growth is affected by climate change (natural disasters and sea-level rise) in the context of recent cutting-edge research

2. Appraise the existing financial methods (carbon market, green bonds, and socially responsible investment) designed to solve the climate change problems

3. Critically evaluate climate change implications on the macroeconomy and capital market and apply an analytical assessment of ESG criteria in investment

4. Analyse how impact investing, activism, and green PE/VC will contribute to tackling climate change problems through their influences on corporations' decision making

5. Evaluate policy implications of existing multilateral agreements critically and inform policymakers to implement more efficient climate strategies within the financial context

6. Work collaboratively in a group to produce a combined piece of coursework, by liaising with other class members, allocating tasks and co-ordinating group meetings.

7. Present your group and own research project to audiences with feedback and questions during the class and be able to discuss and reason with classmates.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.