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‘Some of us have spent our professional lives on energy and climate change but any new researcher or policy maker must find it daunting to even approach the subject. If so, this encyclopedic Handbook provides a wonderful and necessary introduction. It is creative and up to date, yet also takes the reader by the hand and introduces one topic after another while providing much of the historical context that is so necessary to a deeper understanding.’
– Thomas Sterner, Environmental Defense Fund
Contributors: J.E. Aldy, E.B. Barbier, A. Bowen, J. Chevallier, C. de Perthuis, J. Evans, N. Eyre, M. Filippini, R. Fouquet, S.A. Gabriel, A. Gago, C. Gennaioli, J.M. Gowdy, C. Haftendorn, J.D. Hamilton, M. Hanemann, I. Hašcic, D.F. Hendry, C. Hepburn, B. Holtsmark, F. Holz, C. Hope, L.C. Hunt, H.D. Jacoby, M. Jefferson, N. Johnstone, J.G. Kassakian, C. Kemfert, S. Kverndokk, X. Labandeira, H. Lee, H. Llavador, G. Lovellette, R. Martin, R. McKitrick, A. Moe, M. Muûls, T. O’Garra, I. Parry, M.G. Pollitt, F. Pretis, A. Ramos, C. Robinson, J.E. Roemer, K.E. Rosendahl, R. Schmalensee, I. Shaorshadze, J. Silvestre, P. Stevens, R.S.J. Tol, R. Trotignon, M. Tsygankova, G.C. van Kooten, C. von Hirschhausen
Full table of contents
This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.
Constructed around the objectives of displaying some of the best of current thinking in the economics of energy and climate change, this groundbreaking volume brings together many of the world’s leading and most innovative minds in the field to cover issues related to:
• fossil fuel and electricity markets
• environment-related energy policy
• international climate agreements
• carbon mitigation policies
• low-carbon behaviour, growth and governance.
Serving as an indispensable guide to one of the fastest-growing fields of economics, this invaluable resource will strongly appeal to students, academics and policy makers interested in energy, environmental and climate change issues.
PART I: FOSSIL FUEL MARKETS
1. Oil Prices, Exhaustible Resources and Economic Growth
James D. Hamilton
2. Gas Markets: Past, Present and Future
3. The Likelihood and Potential Implications of a Natural Gas Cartel
Steven A. Gabriel, Arild Moe, Knut Einar Rosendahl and Marina Tsygankova
4. Global Steam Coal Markets until 2030: Perspectives on Production, Trade and Consumption under Increasing Carbon Constraints
Clemens Haftendorn, Franziska Holz, Claudia Kemfert and Christian von Hirschhausen
PART II: ELECTRICITY MARKETS
5. The Future of the (US) Electric Grid
Henry D. Jacoby, John G. Kassakian and Richard Schmalensee
6. Increasing the Penetration of Intermittent Renewable Energy: Innovation in Energy Storage and Grid Management
Nick Johnstone and Ivan Hašcic
7. Electric Vehicles: Will Consumers Purchase Them?
Henry Lee and Grant Lovellette
PART III: ENERGY POLICY
8. The Contribution of Energy Efficiency Towards Meeting CO2 Targets
Joanne Evans, Massimo Filippini and Lester C. Hunt
9. Economic Analysis of Feed-in Tariffs for Generating Electricity from Renewable Energy Sources
G. Cornelis van Kooten
10. A Renewable Energy Future?
11. Energy Policy: A Full Circle?
PART IV: CLIMATE AGREEMENTS
12. Anthropogenic Influences on Atmospheric CO2
David F. Hendry and Felix Pretis
13. International Cooperation on Climate Change: Why is there so Little Progress?
14. Long Live the Kyoto Protocol!
Richard S.J. Tol
15. Designing a Bretton Woods Institution to Address Global Climate Change
Joseph E. Aldy
PART V: CARBON MITIGATION POLICIES
16. Fiscal Instruments for Climate Finance
17. How High Should Climate Change Taxes Be?
18. State-Contingent Pricing as a Response to Uncertainty in Climate Policy
19. Climate Change, Buildings and Energy Prices
Alberto Gago, Michael Hanemann, Xavier Labandeira and Ana Ramos
20. Using Micro Data to Examine Causal Effects of Climate Policy
Caterina Gennaioli, Ralf Martin and Mirabelle Muûls
21. Carbon Trading: Past, Present and Future
22. Moral Positions on Tradable Permit Markets
23. The European CO2 Allowances Market: Issues in the Transition to Phase III
Christian de Perthuis and Raphaël Trotignon
PART VI: LOW-CARBON BEHAVIOUR AND GOVERNANCE
24. The Role of Behavioural Economics in Energy and Climate Policy
Michael G. Pollitt and Irina Shaorshadze
25. Valuing Nature for Climate Change Policy: From Discounting the Future to Truly Social Deliberation
John M. Gowdy
26. Individual Consumers and Climate Change: Searching for a New Moral Compass
27. Decentralization of Governance in the Low-Carbon Transition
28. Is a Global Crisis Required to Prevent Climate Change? A Historical–Institutional Perspective
Edward B. Barbier
PART VII: LOW-CARBON GROWTH
29. Prosperity with Growth: Economic Growth, Climate Change and Environmental Limits
Cameron Hepburn and Alex Bowen
30. Should we Sustain? And if so, Sustain What? Consumption or the Quality of Life?
Humberto Llavador, John E. Roemer and Joaquim Silvestre
31. At the Crossroads: Can China Grow in a Low-Carbon Way?
32. Low-Carbon Economy: Dark Age or Golden Age?