This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help 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, and of encouraging the formulation of new questions and solutions that might help minimize the threat of energy-induced 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.
Introduction Roger Fouquet PART I: FOSSIL FUEL MARKETS 1. Oil Prices, Exhaustible Resources and Economic Growth James D. Hamilton 2. Gas Markets: Past, Present and Future Paul Stevens 3. The Likelihood and Potential Implications of a Natural Gas Cartel Steven Gabriel, Arild Moe, Knut Einar Rosendahl and Marina Tsygankova 4. Global Steam Coal Markets until 2030 - Perspective on Production, Trade, and Consumption Under Increasing Carbon Constraints Clemens Haftendorn, Claudia Kemfert and Franziska Holz PART II: ELECTRICITY MARKETS 5. The Future of the (U.S.) 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 Hascic 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 Fillipini and Lester Hunt 9. Economic Analysis of Feed-in Tariffs for Generating Electricity from Renewable Energy Sources G. Cornelis van Kooten 10. A Renewable Future? Michael Jefferson 11. Energy Policy: A Full Circle Colin Robinson PART IV: CLIMATE AGREEMENTS 12. Anthropogenic Influences on Atmospheric CO2 David F. Hendry and Felix Pretis 13. International Cooperation on Climate Change: Why is so Little Progress Being Made? Bjart Holtsmark 14. Long Live the Kyoto Protocol Richard 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 Ian W.H. Parry 17. How High Should Climate Change Taxes Be? Chris Hope 18. State-Contingent Pricing as a Response to Uncertainty in Climate Policy Ross McKitrick 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 Muuls 21. Carbon Trading: Past, Present and Future Julien Chevallier 22. Moral Positions on Tradable Permit Markets Snorre Kverndokk 23. The European CO2 Allowances Market: Issues in the Transition to Phase III Christian de Perthuis and Raphael Trotignon PART VI: LOW CARBON BEHAVIOUR AND GOVERNANCE 24. The Role of Behavioural Economics in Energy and Climate Policy Michael Pollitt and Irina Shaorshadze 25. Valuing Nature for Climate Change Policy: From Discounting the Future to Truly Social Deliberation John Gowdy 26. Morality and Consumer Environmental Behaviour Tanya O'Garra 27. Decentralisation of Governance in the Low Carbon Transition Nick Eyre 28. Is a Global Crisis Required to Prevent Climate Change? A Historical-Institutional Perspective Ed 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, What? Consumption or Quality of Life? Humberto Llavador, John E. Roemer and Joaquim Silvestre 31. At the Crossroads: Can China Grow in a Low Carbon Way? Julien Chevallier 32. A Low Carbon Economy: Dark Age or Golden Age? Roger Fouquet Index
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