Master in Greening Energy Market and Finance at University of Bologna

About the programme

Greening Energy Market and Finance (GRENFIN) is a two-year laurea magistrale in class LM-16 R, Finance, run by the Department of Statistical Sciences "Paolo Fortunati" (STAT) in Bologna. It is worth 120 ECTS, is delivered entirely in English and has open access. Silvia Romagnoli is the degree programme director.

The university calls GRENFIN an innovative and interdisciplinary path targeted to the green economy, under the heading "Green finance for a sustainable energy future". Its aim is to innovate finance through advanced strategies that support the transition to renewable energy sources, with a clear awareness of the climate risks involved. It suits quantitative graduates who want to apply finance to energy and climate.

What you will study

The degree mixes finance, energy markets and climate. Students choose one of three proposed paths listed on the degree website:

• Climate and Business Science
• Environmental Finance
• Renewable Technologies

All three lead to the same degree in class LM-16 R. The course units of each path, with credits and teaching periods, are published in the course structure diagram on the degree website; check the 2027/28 version before you apply.

How the programme is taught

GRENFIN is one of the university's international programmes and has a double or multiple degree option, through which selected students also earn a degree from a partner university. The degree website has a dedicated page on the opportunities of the international programme.

Career paths

The degree prepares finance specialists for the green economy: people who can design financial strategies that support renewable energy while weighing climate risk. Graduates can also continue to a PhD. The university's job placement service and the degree website list internships, job offers and careers events such as mock interviews.

Fees and scholarships

GRENFIN sits in the university's higher fee band: the maximum income-based contribution for 2026/27 is €3,500 a year, charged on top of the fixed €157.04. With a family ISEE up to €27,000 only the fixed part is due, so eligible students get zero euro tuition. ER.GO, the Emilia-Romagna right-to-study body, handles income declared from abroad and awards scholarships. Non-OECD citizens, including students from countries like India, whose family income is only abroad can pick a reduced flat fee of €1,200 plus €157.04 instead.

How to apply from outside the EU

GRENFIN publishes its own admission notice with the windows, the curricular requirements and the way English and preparation are checked; the 2027/28 notice was not out in September 2026. Applications are made on Studenti Online, and open access means there is no cap on places.

Admitted non-EU applicants living abroad then submit the Universitaly pre-enrolment. The consulate needs the university's validation of it and proof of means of €10,179.85 (2026) before issuing a study visa. At enrolment you pay the first instalment and hand in your translated degree documents with a Diploma Supplement, CIMEA statement or declaration of value. See the non-EU enrolment guide.

How ApplyAZ helps

If this programme fits your goals, ApplyAZ can include it in a shortlist of 20 to 30 English-taught programmes at Italian public universities. We write your CV and a tailored statement of purpose, submit your applications and Universitaly pre-enrolment, file your DSU scholarship application and prepare your visa file, with a named person on each stage. The university decides admission, the region decides the scholarship and the consulate decides the visa. See how ApplyAZ works or check your eligibility.