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Energy in a Competitive Market

Essays in Honour of Colin Robinson

Edited by Lester C. Hunt

This fine collection of original essays is in recognition of Colin Robinson, who has been at the forefront of thinking in energy economics for over 30 years. Energy in a Competitive Market brings together both prominent academics and practitioners to honour his outstanding and unique contribution. The authors cover a wide and fascinating selection of topics incorporating the whole spectrum of energy economics. In doing so, they examine the belief that markets are the key to the effective allocation of resources, a notion which arguably applies as much to energy as it does to any other commodity.
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Chapter 10: Long-run carbon dioxide emissions and environmental Kuznets curves: different pathways to development?

Peter J.G. Pearson and Roger Fouquet


10. Long-run carbon dioxide emissions and environmental Kuznets curves: different pathways to development? Peter J.G. Pearson and Roger Fouquet INTRODUCTION: COLIN ROBINSON AND THE EVOLUTION OF ENERGY MARKETS Colin Robinson’s studies of energy economics and the lucidity with which he has conveyed his findings have inspired many: we are glad to join in acknowledging his achievements and example. For us, his grasp of the evolution of the UK energy system and of world petroleum markets, and his imaginative blending of economic, econometric and political economic analysis, showed the value of an historical understanding of the long-run development of energy markets. A long interest in transitions in developing countries between traditional biomass fuels and modern fuels and their environmental consequences, which developed at the University of Surrey in collaboration with Paul Stevens (Pearson and Stevens, 1987; Pearson, 1988a, 1992), has grown at Imperial College into an interest in very long-run transitions in the UK. Our recent studies of energy use and of energy prices (Fouquet and Pearson, 1998, 2003) highlight the influences over hundreds of years of economic, as well as political and historical factors: thus energy demands and supplies have interacted with prices, profits and economic activity, with the evolving attributes of fuels, technologies and services, and with the lives and legacies of energy and environmental policies. The exploration of how long-term energy markets, prices and technological innovations interact with economic development and environment illuminates the past, helps understand how we got where we are today, and...

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