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Contents:
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 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 Haščič
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?
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 there so
Little Progress?
Bjart Holtsmark
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
Ian 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 Muûls
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 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
Tanya O’Garra
27. Decentralization of Governance in the Low-Carbon Transition
Nick Eyre
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?
Julien Chevallier
32. Low-Carbon Economy: Dark Age or Golden Age?
Roger Fouquet
Index
Edited by Roger Fouquet, Associate Professorial Research Fellow, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, UK
’With increasing focus on the negative impacts of climate change,
this book addresses a gap in the field of energy and climate change
economics by providing a comprehensive overview of the state of
research in this area. Dividing the contents into seven distinct
sections allows for easy navigation of the material and encompasses
wide ranging topics from the markets for fossil fuels, to
governance, to energy policy and implications.'
*The Energy JournalP>*
'. . .The volume is useful for legal and policy professionals,
academics or practitioners alike, as it contains many interesting
contributions on the state-of-the-art research in the economics of
climate change mitigation in the energy sector. The parts of the
book discussing carbon mitigation, energy efficiency and renewable
energy policies, and low-carbon growth provide policy useful and
novel knowledge. Advanced students might also find considerable
material in this book useful for their studies on energy and
climate issues.'
*Y. Yamineva, Oil, Gas & Energy Law Intelligence*
'The book represents a masterpiece in the energy and environmental
economics literature and will certainly find an important place as
a reference for academic debate and analysis.'
*Edmar de Almeida, IAEE's Economics of Energy and Environmental
Policy*
'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*
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