Chair for Management of Renewable Energies The Chair for Management of Renewable Energies, founded in 2009, has been the first of its kind at a leading European business school. It is directed by Prof. Dr. Rolf Wuestenhagen. “Today, more than 80 percent of global energy demand is covered from non-renewable sources. This results in a multitude of environmental, economic and social challenges – most notably global climate change. At the same time, several technologies are available today that can significantly increase energy efficiency in buildings, transportation and industry, and enable a renewable energy supply. This leads to enormous entrepreneurial opportunities. The chair contributes to paving the way from 20:80 to 80:20.” (Prof. Dr. Rolf Wuestenhagen) Mission statement of the Chair for Management of Renewable Energies In our research, we aim at constructively contributing to the transition from a predominantly non-renewable energy supply to a renewable one (from 20:80 to 80:20) and thus help to reduce environmental, economic and societal risks, and to reap entrepreneurial opportunities. Our motivating teaching and learning concepts sensitise students to the fundamental transition in the energy market and give them the competences to shape a sustainable future. As a hotbed of academic talent, we invest intellectual venture capital in junior researchers, enabling them to contribute to a clean energy future, in academia or business, in the medium term. We create an inspiring learning, research and work environment where dedicated talent can pursue multidimensional development. Our energy research emphasises “rigour and relevance”. We trace relevant issues and questions to their roots and analyse them using rigorous academic standards and innovative methodological approaches. We effectively disseminate the results into current debates in academia and the general public. Strong research needs roots and wings – we conduct our work in St. Gallen as part of a global network while at the same time actively shaping the future of our region and Switzerland as a whole. Research In research, the Chair focuses on the interaction of private investment, consumer behavior and effective energy policy and their influence on transforming the energy market. Current focus topics are: Decision-making of energy investors and consumers Social acceptance of renewable energies and electric mobility Business Models for Decarbonization, Decentralization & Digitization Efficiency and effectiveness of energy policies Since 2014, the Chair has been heading the Center for Energy Innovation, Governance and Investment (EGI-HSG), which bundles the competences of four institutes of the University of St. Gallen as part of the government-funded Swiss Competence Center for Energy Research (SCCER CREST). Teaching The Chair offers energy- and climate related courses in various programmes of the University of St.Gallen (HSG), including the CEMS Master of International Management (CEMS MIM), the Master of Banking and Finance (MBF), the Master in Marketing, Services and Communication Management (MSC), the Master of International Affairs and Governance (MIA), contextual studies and the PhD program in Management. A flagship course is the CEMS Model UNFCCC, a simulation of the international climate negotiations, which has been carried out since 2009 in cooperation with nine leading European business universities and is under the patronage of the UN Climate Secretariat. Executive Education The aim of the part-time executive programme (Certificate of Advanced Studies) in Renewable Energy Management (REM-HSG) is to support executives in turning the economic, environmental and social challenges of today's energy supply into new business opportunities. It provides participants with the latest insights in an important growth and gives them access to a growing international alumni network. The programme combines scientific insights with high practical relevance and individual coaching. #REMforum - St.Gallen Forum for Management of Renewable Energies At the annual St.Gallen Renewable Energy Management Forum, the leaders of tomorrow's energy market meet and share their insights on latest trends. The #REMforum brings together managers, investors, NGOs and researchers, providing informative debates, interactive workshops and valuable networking. Since 2012, the event has been embedded in the Energy Days St. Gallen, which are hosted by the University together with the city and canton of St. Gallen and the regional energy agency. Seed Funding by Good Energies & COFRA Foundation The creation of the Chair in 2009 was initially made possible by a private donation. Until 2011, this financial support came in equal parts from Good Energies AG, a renewable energy investment company dissolved in 2013, and COFRA Foundation; from 2012 until early 2019 solely from the charitable COFRA Foundation. The share of this private seed funding in the Chair’s overall budget has steadily decreased due to the successful acquisition of third-party funds and lately represented less than 30%. The freedom of research and teaching is not only contractually defined, but also reflected in a broadly diversified portfolio of public and private funding sources. In 2018, the University Council re-elected the chairholder for another eight-year term based on a positive evaluation of his research and teaching performance. Funding of the position will henceforth come from the regular budget of the University of St. Gallen.