Ireland’s bid for green finance lead boosted by new MSc course

Published in Business and Leadership

January 27, 2012

A new MSc in energy and environmental finance at UCD Michael Smurfit Graduate Business School, which was officially launched today, has been developed to help Ireland in its bid to become established as the global centre for green business.

Beginning in September 2012, the new course has been designed for graduates from a wide variety of disciplines including finance/economics, engineering, environmental science and mathematics. It is the result of a collaboration of industry players and academics.

A main aim of the course is to ensure students acquire a detailed understanding of the financial processes and procedures associated with the energy and environmental markets sector as well as the knowledge and skills necessary for a career in the area of energy and environmental finance.

Attending the launch of the course in the offices of Accenture Ireland this morning were Ken Macken of the Environmental Protection Agency; Brendan Bruen, Financial Services Ireland; Brian Motherway, Sustainable Energy Authority Ireland; Steve Falci, Kleinwort Benson; Niall Murray, KBC Finance Ireland; Norbert Gallagher, EEA Fund Management; and Anthony Byrne, Irish Stock Exchange.

“This is a unique programme which encourages students to develop creative and analytical approaches to problem solving in the energy-environment sphere,” said Professor Ciarán ÓhÓgartaigh, dean, UCD School of Business.

“As Ireland’s global business school we strive to actively develop expertise in relevant areas of national and international interest.  In particular, we are pleased to contribute to the area of energy and environmental finance as part of the Green IFSC’s strategic development.”

“Ireland is in an excellent position to significantly grow its ‘green’ finance business  – and particularly as the world is rapidly transitioning towards a low carbon model,” said Padraig Rushe, a member of the Green IFSC Steering Group.

“Ireland needs to ensure it is always at the forefront of innovation in this sector and has the skills needed on hand as businesses develop. The new UCD MSc in energy and environmental finance will make a significant contribution to this goal.”

Marian Corcoran, senior executive client director with Accenture said Ireland is uniquely positioned to lead in the associated area of green finance. “This is a major growth opportunity for Irish job creation and FDI,” she added.

“We are delighted to support the launch of the MSc in Energy & Environmental Finance as it shows great vision and is a fine example of industry and academia working together proactively to be ‘ahead of the game’ and to ensure that we position Ireland to deliver on the economic opportunities offered by the Green IFSC.”

Green IFSC has invested some €600,000 in education since DCU launched Ireland’s first postgraduate course in sustainable finance last September.

Grainne Rothery 



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