Table of Contents

International Handbook on the Economics of Energy

International Handbook on the Economics of Energy

Elgar original reference

Edited by Joanne Evans and Lester C. Hunt

As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics.

Introduction

Joanne Evans and Lester C Hunt

Subjects: economics and finance, energy economics, public sector economics

Extract

Joanne Evans and Lester C. Hunt Energy security, the impact of energy use on the environment, fuel prices and fuel poverty are all issues at the forefront of public attention. The economics of energy is a vital element which contributes to our understanding of these complex issues and influences policy makers’ thinking as energy policy is determined. This handbook reviews the key aspects and research issues in the economics of energy. It brings together a collection of contributions from international experts (both practitioners and academics) in the economics of energy, which synthesise the current literature and provide an analysis of the key issues. The handbook covers historical aspects of the economics of energy and the important topical research and policy issues of the day with the focus very much on the ‘economics of energy’ and subsequent policy. Aiming to be accessible to final-year undergraduates and postgraduate students studying the economics of energy, as well as practitioners in industry and government, the handbook summarises the current state of knowledge and provides an insightful commentary. The handbook starts with a historical prospective of energy and associated public policy issues, followed by an overview of the economics of energy supply and demand. The economics of energy efficiency including the ‘rebound effect’ are discussed, and then various energy economics modelling techniques are presented. Key issues associated with the various energy markets are addressed in turn: oil, coal, natural gas and electricity. The book concludes with a focus on contemporary energy policy issues. In Chapter...