It’s not often that a University of Houston class generates so much excitement that non-students from across the country are clamoring to attend. But that’s what’s happened with the development of an all-inclusive carbon trading course thought to be the country’s first.
With emissions offset trading active in Europe and Asia and some voluntary trading already begun in New York and Chicago, U.S. energy firms are gearing up for a need for traders, lawyers and business people who will work in evolving fields connected with projected emission reduction regulations.
The C. T. Bauer College of Business and UH Law Center are teaming up to offer the course in spring of 2009. The course will be co-taught by Professors Praveen Kumar (Chair of Bauer’s Finance Department and Executive Director of UH-Bauer’s Global Energy Management Institute), Craig Pirrong (Professor of Finance and Director of Markets of Global Energy Management Institute), and Victor Flatt (Professor and the Director of the Center for Environment, Energy, and Natural Resources at the University of Houston Law Center).
Dr. Kumar said he received at least 50 calls from traders and energy executives wanting to sit in before the school announced the course would only be open to UH graduate students, he says. The course is set up to accommodate 50 law and business graduate students. But there are plans to develop and offer shorter executive education sessions on Carbon Trading in the future.
“This is the only university course I’m aware of that is looking at the trading, legal, market design and policy aspects of carbon trading,” Kumar said.
About the University of Houston
The University of Houston, Texas’ premier metropolitan research and teaching institution, is home to more than 40 research centers and institutes and sponsors more than 300 partnerships with corporate, civic and governmental entities. UH, the most diverse research university in the country, stands at the forefront of education, research and service with more than 35,000 students.
About the Bauer College of Business
The C.T. Bauer College of Business has been in operation for more than 60 years at the University of Houston main campus. Through its five academic departments, the college offers a full-range of undergraduate, masters and doctoral degrees in business. The Bauer College is fully accredited by the AACSB International – the Association to Advance Collegiate Schools of Business. In August 2000, Houston business leader and philanthropist Charles T. (Ted) Bauer endowed the College of Business with a $40 million gift. In recognition of his generosity, the college was renamed the C.T. Bauer College of Business.