An Introduction to Energy Economics and Policy

Provides a new angle on energy economics and policy, with behavioural economics insights, while discussing issues in developing countries.

Massimo Filippini (Author), Suchita Srinivasan (Author)

9781009471817, Cambridge University Press

Hardback, published 19 December 2024

278 pages
24.4 x 17 x 1.8 cm, 0.671 kg

'Energy Policy is now a top issue for governments and societies, with an increasing attention due to the environmental/climate crises and to major geo-political problems and shifts. Given what's at stake, Economics must pay an important role in the foundations, design and assessment of energy policies. Filippini and Srinivasan's book is a much-needed and updated contribution in this field due to their comprehensive, rigorous and practical approach. A key book for students, academics and practitioners.' Xavier Labandeira, Professor of Economics, Universidade de Vigo, Spain

Energy economics and policy are at the heart of current debates regarding climate change and the switch from fossil fuels to renewable forms of energy. They are also crucial in dealing with energy supply and security issues caused by global shocks such as the war in Ukraine. An Introduction to Energy Economics and Policy outlines pressing issues concerning current global energy systems, particularly energy production and use. It presents economic frameworks for valuating policy goals and for understanding the major energy and climate challenges faced by industrialized and developing countries. Integrating insights from behavioural economics into the standard neoclassical approach, particularly the role of behavioural anomalies, this book offers a novel introduction to energy economics and policy and provides a fresh perspective on real-world issues in energy and climate. This title is also available as open access on Cambridge Core.

Contents
1. Energy economics and current energy systems
2. Market failures and behavioural anomalies
3. Energy demand – theory and empirical analysis
4. Economic analysis of energy investments
5. Economics of energy efficiency
6. Energy related market forms
7. Market-based economic instruments
8. Non-market-based instruments
9. Policy choice and evaluation
Bibliography
List of Terms
Alphabetical index.

Subject Areas: Environmental economics [KCN]