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This course provides comprehensive training in the analytical methods and economic frameworks used to evaluate energy and climate policies in government, consulting, and industry settings. Students begin with scenario analysis, including the Shell method, and its application to net-zero policy discussions, followed by an intensive examination of carbon economics, climate models, and social cost of carbon calculations. The curriculum covers both compliance and voluntary carbon markets through detailed case studies from Kazakhstan's emissions trading system and the EU's Carbon Border Adjustment Mechanism, complemented by a site visit to an embassy to meet with diplomats. Students will develop expertise in creating policy taxonomies, policy formulation methodologies, and evaluation criteria used by practitioners. The course emphasizes cost-benefit analysis and risk analysis as the primary tools for policy assessment across sectors. Through a book review, group evaluation of a selected climate or energy policy, and a comprehensive take-home examination requiring critical analysis of benefit-cost analysis documents, students will master the technical and analytical skills essential for careers in climate policy, environmental economics, and energy sector analysis.