CARBON NEUTRALITY AND CLIMATE CHANGE

MSC PROGRAM OVERVIEW
Program Name
  • Master of Science in Carbon Neutrality and Green Finance
Program Short Name
  • MSc(CNGF)
Mode of Study
  • Full-time
Normative Program Duration
  • 2 years
Tuition Fees
  • RMB 260,000 per program
Program Director
  • Prof Coco Dijia DU
Introduction

In the global effort to address climate change, achieving carbon neutrality has become a shared goal among nations. Green finance is playing a pivotal role in enabling this transition. There is an urgent need for professionals with cross-disciplinary expertise, well-versed in both low-carbon technologies and financial instruments, given the global proliferation of carbon pricing mechanisms and the increasing scale of ESG investments.

The Master of Science in Carbon Neutrality and Green Finance (CNGF) program at HKUST(GZ) aims to cultivate future leaders in this field. Leveraging the Greater Bay Area’s strengths in green finance innovation, the program brings together expertise from environmental science, energy engineering, finance, and public policy to create a comprehensive educational framework. This framework includes theoretical knowledge, practical training, and industry experience. Through a fully English-taught curriculum and a collaborative approach that bridges academia and industry, along with the “Unified HKUST, Complementary Campuses” framework, students will acquire advanced knowledge and skills in carbon neutrality and green finance, as well as insights into domestic and international carbon market policies.

A key highlight of this program is its cross-disciplinary curriculum, which integrates “Carbon Neutrality + Finance”. The courses encompass critical areas including energy transition, industrial transformation, green finance, green technology and innovation, carbon accounting and management, carbon trading, and ESG investment strategies. This approach ensures that students develop a well-rounded skill set. Graduates will be well-prepared for roles in government and industry focused on carbon neutrality strategy, project development, trading, and investment, or for engaging in research and policy-making in the realms of carbon neutrality and green finance.

Learning outcomes
On successful completion of the MSc program, graduates will be able to:
MSc(CNGF)
01
Acquire a holistic understanding of climate change, carbon neutrality, green finance, and ESG at multiple scales, ranging from local to global.
02
Engage practically with industry and research institutions and apply their knowledge and skills to address real-world challenges in the industry and research sectors, leveraging their hands-on experience gained from the comprehensive internships.
03
Cultivate readiness for a variety of professional roles in the emerging sectors of carbon neutrality, green finance, and ESG, bolstered by targeted career development activities.
04
Integrate and employ knowledge from various disciplines to formulate innovative solutions in the field of carbon neutrality and green finance.
05
Develop foundational research skills for further academic pursuits or specialized roles requiring rigorous research capabilities.
MSC PROGRAM SPECIFICS
Curriculum

Minimum Credit Requirement

34 credits
Core Courses: 10
Elective Courses: 15
Project: 3
Internship: 6

* Subject to the approval of the Program Director, students who have taken equivalent courses at other recognized universities may be granted credit transfer on a case-by-case basis, up to a maximum of 12 credits.

1
Core Courses

CNGF 5000

Foundation in Green and Sustainable Finance

3 Credit(s)

Description

This course will provide an advanced foundation in the study and practice of green finance at the level required for postgraduate studies. As the field of green finance is inherently interdisciplinary, the course will take a broad view of green finance and include perspectives from public policy, climate risks and management, environmental science and governance, finance and other aspects in related areas. It will elaborate core concepts in green finance and explain their evolution as well as the reasons behind. It will also delve into the policies and practices of green finance from an international comparative perspective. Carbon trading and carbon neutrality, as the hot pursed topics related to green finance, will also be covered. Gaps for strengthening the green finance system will be critically discussed calling for reflections and actions at the end of the course.

CNGF 5010

Green Technology and Innovation

3 Credit(s)

Description

This course delves into the multifaceted realm of Green Technology and Innovation (GTI), exploring its significance in today's world. Through examining innovation systems, economic policies, and global disparities, we analyze the transition from fossil fuels to renewable energy sources like wind, solar, and hydroelectric power. Additionally, we scrutinize the pivotal roles of lithium batteries, electric vehicles, and industry choices in shaping sustainable development.

CNGF 5020

Environmental Modeling and Big Data Analytics

3 Credit(s)

Description

This course delves into the multifaceted realm of Green Technology and Innovation (GTI), exploring its significance in today's world. Through examining innovation systems, economic policies, and global disparities, we analyze the transition from fossil fuels to renewable energy sources like wind, solar, and hydroelectric power. Additionally, we scrutinize the pivotal roles of lithium batteries, electric vehicles, and industry choices in shaping sustainable development.

CNGF 6030

Career Fair Workshop

1 Credit(s)

Description

This course offers students the chance to acquire essential career readiness skills and knowledge. These workshops are facilitated by the faculty members of CNCC Thrust and cover a wide range of topics, such as resume writing techniques, effective strategies for navigating career fairs, and exploring different career path options, among others. Graded P or F.

2
Elective Courses

15 Credits

Additional coursework may be required as part of the program preparation.
List of potential elective courses to be offered in Fall 2025/26:


IPEN 6100E

Life Cycle Assessment: From Theory to Application

3 Credit(s)

Description

Life cycle assessment (LCA) has emerged as a powerful methodology widely adopted in research, industry, and national policy to assess the environmental impacts of products and processes. However, specialized knowledge and skills are required to understand and effectively implement LCA; hence, this course seeks to provide that. This course will delve into the fundamental concepts of LCA and highlight the challenges of implementing LCA, including goal and scope definition, data availability and quality, methodological complexity, and results interpretation and uncertainty analysis. A special topic that includes integrating artificial intelligence (AI) and other systems analytical tools to complement the LCA limitations will be discussed. The students will also learn about the application of LCA in various industries, including energy, solid waste, and green buildings. Practical case studies will be discussed to provide the students with knowledge and skills to apply to LCA in various industries.

CNGF 5400

Carbon Pricing, Trading, and Climate Finance Innovations

3 Credit(s)

Description

This course provides an in-depth exploration of the role of market mechanisms and financial instruments in addressing climate change and promoting the transition to a low-carbon economy. The course covers the fundamental concepts, theories, and practices related to carbon markets, carbon pricing, and climate finance. Students will learn about the design, implementation, and operation of various carbon market mechanisms, such as cap-and-trade systems, carbon taxes, and voluntary carbon markets. The course also examines innovative climate finance instruments, including green bonds, climate funds, and climate risk insurance, and their potential to mobilize capital for climate change mitigation and adaptation projects. Through case studies, simulations, and hands-on projects, students will gain practical skills in analyzing, designing, and evaluating carbon market and climate finance interventions.

CNGF 5500

Carbon Accounting and Management

3 credit(s)

Description

This course provides a foundation for carbon accounting and management, focusing on the measurement, reporting, and reduction of carbon emissions in business and organizations. Students will explore various tools and methodologies for carbon accounting, as well as strategies for integrating carbon management into business operations.

CNGF 5700

ESG Integration and SDG Investing

3 credit(s)

Description

The course will introduce students to the environmental, social, and governance (ESG) integration landscape and the different investment approaches that seek to contribute to the UN Sustainable Development Goals (SDGs). Students will learn to assess ESG risks and opportunities, integrate sustainable criteria into investment analysis, and develop portfolios that contribute to social and environmental impact.

CNGF 5840

Green Finance and ESG Investment Strategies

3 credit(s)

Description

This course is designed for students who have interests to incorporate a financial and strategic understanding for their future positions related to Environmental, Social and Governance (ESG). The course will guide students through the drivers and fundamentals of sustainability including key ESG concepts such as climate change and net zero, and equality and inclusion. Students will explore the ISSB, TCFD and other relevant standards and regulations; and learn about risk management and finance, and governance. Students will also learn why and how to incorporate ESG and sustainability into company’s strategic and financial planning and how to manage and communicate with company’s stakeholders.

CNGF 5850

Fintech Innovations for Sustainable Finance

3 credit(s)

Description

This course will introduce and discuss various innovations in financial technology (fintech) that promote the effective channeling of capital to investment projects that contribute to a more sustainable future. Examples of fintech innovations include impact investing platforms, blockchain technology, digital payment, data analytics on environmental, social and governance (ESG) integration, and robo-advisors for sustainable investing.

CNGF 5860

Carbon Finance Modeling

3 credit(s)

Description

This course provides a holistic overview of carbon finance modeling and equips participants with quantitative skills and analytical tools that are necessary for understanding, analyzing, and modeling the financial implications of carbon-related activities, climate policies, and sustainable investment opportunities.

IPEN 5270

Corporate ESG Practice and Research

3 credit(s)

Description

This course focuses on the development of the ESG (Environmental, Social and Governance) movement and its relationship with other long-standing concepts such as corporate social responsibility and sustainability. It aims to review the content, antecedences, and consequences of corporate ESG practices and stimulate new research ideas in related areas.

CNCC 5200

Climate Change: Science and Governance

3 credit(s)

Description

This course prepares students to acquire the basic knowledge of climate change, which sits on the intersection of science and governance. It will review some of the scientific facts of climate change and contrast the scientific research findings with climate governance status. Case study on transforming to a low carbon society will be conducted in later part of the course. Aspects to consider include both scientific support and governance complexity of the low carbon city idea. Students are expected to build their own analysis of the climate change issue at the end of the course.

CNCC 5300

Policy and Technology for Carbon Neutrality

3 credit(s)

Description

All industries in China are actively taking effective actions to develop new and clean technologies in order to achieve the carbon peak and neutrality goal of shouldering the common destiny of human beings. This course examines the scientific, technological, and policy approaches that China and the rest of the world can take to achieve carbon peak and carbon neutrality.

CNCC 5400

Environmental Economics and Sustainable Development

3 credit(s)

Description

This is a graduate-level interdisciplinary course focusing on the economics of environmental and sustainable development problems and the solutions to those problems. Students will learn to use tools from applied economics and relevant disciplines to better understand and evaluate a series of current policy questions, such as air and water pollution, climate change, environmental amenities, agricultural production, ecosystem services, and biodiversity.

CNCC 5500

Carbon Capture and Removal Technologies

3 credit(s)

Description

All industries in China are actively taking effective actions to develop new and clean technologies in order to achieve the carbon peak and neutrality goal of shouldering the common destiny of human beings. This course examines the scientific, technological, and policy approaches that China and the rest of the world can take to achieve carbon peak and carbon neutrality.

CNCC 5600

Energy Economics and Policy

3 credit(s)

Description

This course provides an in-depth examination of the economics and policy issues surrounding energy. Topics include energy demand and supply, market structures, renewable energy technologies, fossil fuels, energy security, climate change, transportation, innovation, and policy analysis. Students will also participate in a research project seminar to apply their knowledge to real-world scenarios.

CNCC 5700

Energy Systems and Policy

3 credit(s)

Description

This course explores the challenges associated with climate change, energy and environmental policies from multiple perspectives, disciplines and scales. Students will examine the evolving science and policy of climate change, observe the conflicts between energy companies and interest groups in China, discuss technology innovations and its impact on reducing greenhouse gases emission.

CNCC 5800

Climate Innovation: Policy and Development

3 credit(s)

Description

Climate innovation, driven by technological innovation and system change, has the potential to be a disruptive force in combating global challenges. This course will cover policy issues of cleantech development and introduce students to both incentives and challenges of climate investment. Through lectures, discussions, and case studies, students will explore how policy and financial instruments can influence the development of clean technologies.

3
Project

Students are required to complete a one-term independent project on real-world industry problems. Each independent project will be supervised by one faculty member at HKUST(GZ). The topics of the projects will come from industry with focus on carbon neutrality or green finance. Students are expected to complete the project in the first term of their second academic year.


CNGF 6980

Independent Project

3 Credit(s)

Description

Independent project in a designated subject under direct guidance of a faculty member to provide students the advanced knowledge and research skill sets on a topic of Carbon Neutrality and Green Finance. Required readings, tutorial discussions, and submission of report(s) will be used for assessment. The course may be repeated for credit if different topics are studied. Graded P or F.

4
Internship

Students are required to complete a six-month internship. Each internship will be supervised by a pair of supervisors, consisting of one academic supervisor from HKUST(GZ) and one industrial supervisor. Students are encouraged to seek internships that align with their career development goals. Scholarships will be awarded to those who successfully secure internships through their own initiative.

The assessment of the internship comprises two parts. The first part involves an oral examination and an Open Topic Report. The second part is the Final Report. Each oral presentation typically lasts one hour, including the question-and-answer session. The Open Topic Report will be evaluated based on the scientific merit, feasibility, and technical challenges of the proposed topic. The Final Report will assess the progress of industry collaboration, the final outcomes from the internship, and the students' gains.


CNGF 6050

Internship I

3 Credit(s)

Description

This course is the first part of a 6-month mandatory and guaranteed internship. It provides students with the opportunity to gain practical experience in the industry, applying the knowledge and skills acquired throughout their academic program. Under the guidance of both academic supervisors and industry mentors, students will work on real-world projects related to carbon neutrality and green finance. This hands-on experience will enable students to develop a deeper understanding of how their expertise can be applied to address various climate change challenges faced by organizations. Throughout the internship, students will enhance their problem-solving abilities, professional communication skills, and industry-specific knowledge, preparing them for successful careers in the field of sustainable finance and environmental management.

CNGF 6051

Internship II

3 Credit(s)

Description

This course is the second part of a 6-month mandatory and guaranteed internship. It is an advanced industry training course that builds upon the knowledge and experience gained in CNGF 6050 Internship I. In this course, students will continue to work under the guidance of their academic supervisors and industry mentors to tackle more complex, real-world problems related to carbon neutrality and green finance. This course emphasizes the refinement of research skills, critical thinking, and professional development, preparing students to become leaders in the field of sustainable finance and environmental management.

MSC ADMISSION
Admission Requirements
1
General Admission Requirements of the University

Applicants seeking admission to a master's degree program should have obtained a bachelor’s degree from a recognized institution, or an approved equivalent qualification.

2
English Language Admission Requirements

Applicants have to fulfill English Language requirements with one of the following proficiency attainments:

TOEFL-iBT: 80*

TOEFL-pBT: 550

TOEFL-Revised paper-delivered test: 60 (total scores for Reading, Listening and Writing sections)

IELTS (Academic Module): Overall score: 6.5 and All sub-score: 5.5

* refers to the total score in one single attempt

Applicants are not required to present TOEFL or IELTS score if

their first language is English, or

they obtained the bachelor's degree (or equivalent) from an institution where the medium of instruction was English.

To qualify for admission, applicants must meet all of the following requirements. Admission is selective and meeting these minimum requirements does not guarantee admission.

Enquiry

MSc in Carbon Neutrality and Green Finance
Email:msc-cngf@hkust-gz.edu.cn

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