A two-day highly interactive workshop covering both qualitatively and quantitatively the key aspects of Energy Economics. While reviewing the role of energy and energy policy in economic development and activity, the work-shop also focuses on the tools and economic methods/models of assessing energy resources, technologies and energy programs/projects - renewable and non-renewable. Examples are drawn from a wide range of settings.

Current and future developments and challenges in the field of energy including energy markets, business models, rapidly evolving role of renewables, megatrends (for example electric vehicles, smart grids, demand response) are also examined and deliberated upon. Their applicability or otherwise to Pakistan are also critically reviewed.

A case study, task-based and problem-solving approach is followed, interspersed with instructor's lectures and expert opinions.

If you take this course, are you going to become an expert in solving all the energy-related problems of this world or this nation? Probably Not.

Are you going to become someone who can think critically about such issues, understand their nuances, subtle-ties, trends, consequences and apply them in problem solving? Yes!

Muqtadar Quraishi

Muqtadar Quraishi has taught energy economics, energy policy and the energy value chain as a faculty member-at Cornell University, USA for the last 5 years, from where he brings the latest in the field of energy to our workshop. Prior to this appointment he worked in the energy and chemical industry for over 30 years in senior positions with Caltex, Chevron and Exxon, both in Pakistan and abroad. Areas of expertise include strategic and business planning, supply chain management and optimization, acquisitions, project design, evaluation, development and management.

Mr. Quraishi has been a board director with Chevron Pakistan. He was also a director on the board of Pakistan Refinery Ltd. He also served on the board technical and audit committee of a large joint venture pipeline project. He retired from Chevron in 2014 after 24 years of service, as head of Value Chain Optimization functionally covering Pakistan, Egypt and the Middle East. He was also one of the authors of Pakistan's Integrated Energy Plan sponsored by the Government of Pakistan.

He has also taught Supply Chain Management at the Institute of Business Administration, Karachi, over a five-year period as an adjunct faculty. Mr. Quraishi holds a B.S. degree in mechanical engineering from Brown University, USA and a Masters in Engineering from Cornell University. He is also an MBA from IBA, Karachi.

• Energy ---- an introduction --- essential linkages between energy, society and technology.
• An understanding of energy --- what is it? where do we need it? why do we need it? its consequences?
• Definitions and forms of energy.
• Does the energy industry differ from the rest of the economy? in what ways?
• A brief history of energy.
• Energy data platforms and their analysis. The importance of data and information.
• The concept of Energy Intensity.
• Demand ---- derived, economic foundations, evolution of analysis, drivers, outlook. Basic forecasting methods
• What factors will affect Pakistan's overall demand for electricity? Discussion.
• Energy and Development --- inextricable linkages
• Sustainable development goals
• Access to energy --- its importance
• The Energy Trilemma Index
• Energy Policies --- basics, and how they affect development
• What is energy policy? Its multidimensional nature.
• Why do nations/regions/ communities develop energy policies? Drivers of policy. Examples from both developing and developed nations.
• Energy Security ---- criteria, examples.
• Pakistan's Oil Security – challenges and way forward
• Germany's Energiewende --- challenges. Can developing countries adopt/adapt?
• Optimum design of energy policies --- considerations.
• Examples of some policy instruments
• Climate Change
• Its causes, its effects and its challenges
• Pathways to decarbonization
• Environmental policies – a "generic" review.
• Mitigation or adaptation? Which path to follow? Why?
• How to address the social cost of carbon --- carbon tax, carbon credits
• Electricity Markets and Structure --- global and national
• Basics of the power sector
• US Electricity Markets -- structure, business models, role of regulators, locational marginal pricing
• Pakistan market, structure and reasons for liabilities
• Levelized cost of electricity metrics --- how it works and its usefulness. Caveats. EIA Table discussion.
• The functioning of capacity markets and ancillary services – basics.
• Renewables --- where is the world heading? Where are we heading?
• The growth of renewables globally, in graphs and tables
• Essential costs and cost break-up --- wind and solar
• Reasons for momentum behind solar
• The opportunities and challenges that renewables bring including Pakistan-specific issues
• Energy storage --- types, potential, drivers and costs. How is LCOS calculated?
• Megatrends and more
• Electric Vehicles -- a micro and macro analysis including potential, promise, enablers and challenges. Review of a financial model.
• Energy efficiency - a brief review
• Smart grids, digitalization, demand response, microgrids and more.
• Subsidies – a brief review and critique
• Pakistan's EV policy --- a short review, time permitting

Though this will be an open enrolment course, the target audience of this workshop is policy makers in the energy industry, economists, security and investment analysts and middle to senior managers of both energy/renewables organizations and those in the corporate sector. CEOs of smaller middle level entities may be also approached.

By developing a critical-thinking approach towards evaluating diverse energy policies and initiatives.

• By gaining a keen understanding of underlying assumptions affecting the viability of energy programs and projects in economic, environmental, political and social terms.
• Being able to appreciate and understand the linkages and interdependence of energy economics and energy policy
• Developing a basic knowledge of key global market models and trends in the electricity sector and assess their applicability to Pakistan.
• By gaining essential knowledge of basic assessment tools and their applicability in evaluating energy initiatives.
• By being prepared to take an informed view on the environmental aspects of the use of energy.
• Becoming familiar with different energy data platforms.

The instructor applies a critical-thinking approach towards achieving the following outcomes:

• Gaining a keen sense of the underlying assumptions affecting the viability of energy programs/projects in an economic, environmental, political and social context.
• An appreciation of the interdependence of energy economics and energy policy; the ability to develop sound energy policies
• Gaining essential knowledge of basic assessment tools and their applicability in evaluating energy initiatives at a national and local level.
• Using the insights gained, to improve project feasibility, development, planning and execution
• An understanding and appreciation of the diverse and ever-changing drivers of energy supply and demand.
• Developing a basic knowledge of key global market models and trends in the electricity sector and assessing their applicability to Pakistan at a national and local level.
• Becoming familiar with different energy data platforms.

PKR 50,000 + 5% SST

• Inclusive of Course material, IBA Workshop Certificate, Lunch, Refreshments & Business networking