Energy economics:
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
London ; New York
Routledge
2018
|
Schriftenreihe: | Routledge textbooks in environmental and agricultural economics
9 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | xxv, 405 Seiten Diagramme, Karten |
ISBN: | 9780415676779 9780415676786 |
Internformat
MARC
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Datensatz im Suchindex
_version_ | 1804177792100728834 |
---|---|
adam_text | ENERGY ECONOMICS
PETER M. SCHWARZ
ROUTLEDGE
S M TAYLOR & FRANCIS CROUP
LONDON AND NEW YORK
CONTENTS
LIST OFFIGURES
LIST OF TABLES
PREFACE
ACKNOWLEDGMENTS
LIST OF ABBREVIATIONS XXM
XVIII
XXII
XIX
XVI
PART I
FUNDAMENTALS OF ENERGY ECONOMICS
1 INTRODUCTION
3
WHY ENERGY ECONOMICS? 3
OIL MARKET PERFORMANCE FROM THE 1970S TO THE PRESENT 3
THE CONTENT OF ENERGY ECONOMICS 4
ENERGY IS INDISPENSABLE TO MODERN LIFE 7
ENERGY INTENSITV 8
TRANSPORTATION 8
ELECTRICITY 9
BUILDINGS 11
KEY ENERGY ISSUES 11
ARE WE RUNNING OUT? 11
EFFECTS ON THE PLANET 13
ECONOMIC APPROACH 14
EFFICIENCY AND INEFFICIENCY 14
MARKET FAILURE AND GOVERNMENT FAILURE 15
A ROADMAP 15
NOTES 19
REFERENCES 19
2 ENERGY, MARKETS, AND SOCIETY 21
INTRODUCTION 21
WHAT IS DIFFERENT ABOUT ENERGY? 24
EFFICIENCY 25
MARKET FAILURE 25
VIII CONTENTS
EXTERNALITIES 27
PUBLIC GOODS 27
OTHER POTENTIAL MARKET FAILURES 28
SOCIAL WELFARE 29
PARETO AND HICKS-KALDOR EFFICIENCY 30
EFFICIENCY VS. EQUITY 30
COST-BENEFIT ANALYSIS 30
SUSTAINABILITY 31
SUSTAINABILITY MAY CONFLICT WITH EFFICIENCY AND SOCIAL WELFARE 32
EQUITY FOR FUTURE GENERATIONS 33
SUMMARY 33
NOTES 35
REFERENCES 36
3 STATTE EFFICIENCY: APPLYING SUPPLY AND DEMAND TO ENERGY MARKETS 38
INTRODUCTION 38
SUPPLY AND DEMAND 39
DEMAND 39
SUPPLY 43
SUPPLY AND DEMAND 49
PERFECT COMPETITION 49
ASSUMPTIONS OF THE PERFECTLY COMPETITIVE MODEL 50
SHORT-RUN EQUILIBRIUM 51
LONG-RUN EQUILIBRIUM 53
EFFICIENCY AND SOCIAL WELFARE 54
MARKETFAILURE 56
MONOPOLY 56
EXTERNALITIES 58
PUBLIC GOODS 59
COMING FUELL CIRCLE: SOCIAL WELFARE 61
SUMMARY 62
APPENDIX 3A: SUPPLY AND DEMAND BASICS 63
APPENDIX 3B: THE CALCULUS BEHIND SUPPLY AND DEMAND 66
NOTES 68
REFERENCES 68
4 DYNAMIC EFFICIENCY: ENERGY DECISIONS OVER TIME
69
INTRODUCTION 69
DYNAMIC EFFICIENCY 70
WHEN TO USE DYNAMIC EFFICIENCY 71
COMPETITION IN A DYNAMICFRAMEWORK 73
MC = 0 73
MC 0 81
CONTENTS IX
MONOPOLY 85
OTHERFACTORS INFLUENCING DYNAMIC EFFICIENCY 87
CHANGE IN DEMAND 87
CHANGE IN TOTAL RESERVES 88
CHANGE IN TECHNOLOGY 89
CHANGE IN BACKSTOP TECHNOLOGY 90
CHANGE IN INTEREST RATE 91
IMPLICATIONS FOR SUSTAINABILITY 92
MANAGING ENERGY PRICE VOLATILITY 94
SUMMARY 94
NOTES 95
REFERENCES 91
PART II
CONVENTIONAL ENERGY SOURCES 99
5 OIL: THERE AT THE CREATION OF ENERGY ECONOMICS 101
INTRODUCTION 101
A BRIEF ECONOMIC HISTORY 102
ROCKEFEILER AND STANDARD OIL 103
THE MAJORS 105
ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC) 106
OIL CONSUMPTION 107
OIL AS A TRANSPORTATION FUEL 108
OTHER USES OF PETROLEUM 108
OIL PRODUCTION 109
THE SUPPLY CHAIN FOR OIL AND GASOLINE 113
MARKET MODELS OF OPEC BEHAVIOR 114
CARTEL MODEL 115
DOMINANT FIRM PRICE LEADERSHIP MODEL 117
ENVIRONMENTAL REGULATION 118
OIL FINANCIAL INSTRUMENTS 120
FORWARDS AND FUTURES 120
SUMMARY 122
NOTES 123
REFERENCES 124
6 NATURAL GAS: A NEW GOLDEN AGE? 126
INTRODUCTION 126
BRIEF ECONOMIC HISTORY OF NATURAL GAS USE 128
NATURAL HISTORY 128
REGULATION AND DEREGULATION 130
X CONTENTS
NATURAL GAS PRODUCTION 132
SUPPLY CHAIN 132
COST 1#
LEVELIZED COST 136
GREENHOUSEGAS EMISSIONS AND OTHER ENVIRONMENTAL IMPACTS 138
DETERMINING PRICC 139
DETERMINING PRICE UNDER REGULATION 140
MARKET DETERMINADON OF PRICE 141
SUMMARY 145
NOTES 147
REFERENCES 147
7 COAL 149
INTRODUCTION 149
A BRIEF ECONOMIC HISTORY OF COAL 150
PRODUCTION AND THE SUPPLY CHAIN 151
EXTRACTION 152
PROCESSING 154
TRANSPORTATION 154
COST 155
EXTRACTION 155
PROCESSING COSTS 157
TRANSPORTATION COSTS 158
COST TO GENERALE ELECTRICITY 158
MARKET STRUCTURE 160
COMPETITION 160
NONCOMPETITIVE MARKETS 161
EMISSIONS AND OTHER ENVIRONMENTAL IMPACTS 162
GREENHOUSE GASES AND OTHER EMISSIONS 162
WATER CONTAMINATION 164
LAND DEGRADATION 166
HUMAN HEALTH EFFECTS 166
SUMMARY 167
NOTES 168
REFERENCES 168
8 NUCLEAR ENERGY 171
INTRODUCTION 171
A BRIEF ECONOMIC H ISTORY OF NUCLEAR POWER 172
FISSION VS. FUSION 174
REGULATION 176
SPENT FUEL 176
REPROCESSING 176
CONTENTS XI
PRIVATE COST 177
LEVELIZED COST 177
PRIVATE COST REVISITED 181
SOCIAL COST 182
NUCLEAR WASTE 183
TERRORIST THREATS 184
CARBON EMISSIONS 185
SUMMARY 186
NOTES 187
REFERENCES 187
PART III
ALTERNATIVE ENERGY SOURCES 191
9 RENEWABLE ENERGY: READY FOR PRIME TIME? 193
INTRODUCTION 193
WHY ALTERNATIVEJUELS? 194
ADVANTAGES OF RENEWABLE FUELS 195
POLITICAL SUPPORT 196
GOVERNMENT SUBSIDIES 197
RENEWABLE PORTFOLIO STANDARD (RPS) 198
FEED-IN TARIFFS (FITS) 200
THE RISING TIDE OF ALTERNATIVE ENERGY 202
BARRIERS TO ACCEPTANCE OF ALTERNATIVE FUELS 203
PRIVATE COST OF ALTERNATIVE FUELS 203
SOCIAL COST COMPARISON 204
OTHER CURRENTLY AVAILABLE RENEWABLES 205
HYDROPOWER 205
GEOTHERMAL 207
SUMMARY 207
NOTES 208
REFERENCES 210
NEXT-GENERATION ALTERNATIVES: THE FUTURE OR DAVOR OF THE MONTH? 213
INTRODUCTION 213
WHAT IS A NEXT-GENERATION ENERGY ALTERNATIVE? 214
ALTERNATIVES TO THE AUTOMOBILE COMBUSTION ENGINE 214
INCENTIVES TO DEVELOP NEXT-GENERATION ENERGY ALTERNATIVES 215
NEXT-GENERATION RENEWABLE ENERGY 216
WIND 216
SOLAR 218
NEXT-GENERATION BIOFUEIS 220
NONRENEWABLES 222
XII CONTENTS
CARBON CAPTURE AND STORAGE (CCS) 222
NUCLEAR ENERGY 223
OTHER NEXT-GENERATION ALTERNATIVES 227
WATER POWER 227
FUEL CELLS AND BATTERIES 228
THE ROLE OF MARKETS AND GOVERNMENTS IN NEXT-GENERATION TECHNOLOGY 230
SUMMARY 230
NOTES 231
REFERENCES 232
11 ENERGY EFFICIENCY: THE CHEAPEST FUEL? 234
INTRODUCTION 234
ENERGY EFFICIENCY AND ECONOMIC EFFICIENCY 235
ENERGY EFFICIENCY VS. ECONOMIC EFFICIENCY 235
ENERGY INTENSITY 239
ENERGY EFFICIENCY IN PRODUCTION 240
ENERGY INPUT-PRODUCT OUTPUT RELATIONSHIP 240
ENERGY INPUT-ENERGY OUTPUT RELATIONSHIP 244
ENERGY EFFICIENCY IN CONSUMPTION 245
ENERGY EFFICIENCY AND ELECTRIC UTILITY CAPACITY 246
ENERGY EFFICIENCY GAP 247
REASONS FOR AN ENERGY EFFICIENCY GAP 248
REASONS WHY THERE MAY NOT BE A GAP 251
REBOUND EFFECT 251
TAXONOMY OF REBOUND EFFECTS 253
MAGNITUDE OF REBOUND EFFECTS 253
GOVERNMENT INTERVENTION TO ENCOURAGE ENERGY EFFICIENCY 254
STANDARDS VS. INCENTIVE-BASED APPROACHES 254
GOVERNMENT FAILURES 254
SUMMARY 255
NOTES 256
REFERENCES 257
PART IV
ELECTRICITY 259
12 TRADITIONAL ELECTRICITY REGULATION: THE CALM BEFORE THE STORM 261
INTRODUCTION 261
A BRIEF ECONOMIC HISTORY OF ELECTRICITY AND ITS REGULATION 262
THE ORIGINS OF ELECTRICITY 262
THE EVOLUTION OF U.S. ELECTRIC UTILITY REGULATION 264
OVERVIEW OF THE ELECTRIC INDUSTRY 265
CUSTOMER SECTORS 265
CONTENTS XIII
GLOBAL TRENDS IN ELECTRICITY USE 267
THE ELECTRIC SYSTEM SUPPLY CHAIN 268
REGULATING THE ELECTRIC INDUSTRY 270
STATE REGULATIONS 270
ALTERNATIVE FORMS OF REGULATION 277
MARGINAL COST PRICING 277
OTHER ALTERNATIVES 283
SUMMARY 284
NOTES 285
REFERENCES 286
13 ELECTRICITY RESTRUCTURING AND DEREGULATION: THE PATH FORWARD? 288
INTRODUCTION 288
A BRITF ECONOMIC HISTORY OF ELECTRICITY DEREGULATION AND RESTRUCTURING
289
RESTRUCTURING 290
CHALLENGES FOR ELECTRICITY DEREGULATION 292
TRANSACTIONS COSTS 295
TWO PATHS TO RESTRUCTURING 296
THE UK 296
CALIFORNIA 304
OTHER EXAMPLES OF ELECTRICITY DEREGULATION AND RESTRUCTURING 307
PJM 308
ERCOT 308
SUMMARY 309
NOTES 311
REFERENCES 311
PART V
ENERGY POLICY 3I3
14 ENERGY AND THE ENVIRONMENT 315
INTRODUCTION 315
GROWTH OF THE ENVIRONMENTAL MOVEMENT 316
RELATIONSHIP BETWEEN ENERGY AND THE ENVIRONMENT 318
ENERGY PRODUCTION AND THE ENVIRONMENT 319
ELECTRICITY PRODUCTION AND THE ENVIRONMENT 326
REGULATIONS 329
ENVIRONMENTAL REGULATION OF ENERGY PRODUCTION 329
ENVIRONMENTAL REGULATION OF ELECTRICITY PRODUCTION 331
POLICY OPTIONS 333
SUMMARY 333
NOTES 334
REFERENCES 334
XIV CONTENTS
15 ENERGY AND SUSTAINABILITY 337
INTRODUCTION 33 7
MEANING OF SUSTAINABILITY 338
LIMITS TO GROWTH REVISITED 339
ETHICS 340
DYNAMIC ENERGY MARKET CONDITIONS 341
IMPACTS OF GROWING GLOBAL JEMAND FOR ENERGV 342
SUPPLY CONSIDERATIONS 343
SUSTAINABLE ENERGY 344
WIND AND SOLAR ENERGY 344
BIOMASS ENERGY 345
HYDROELECTRIC 34(3
ALGAE 346
NUCLEAR 346
GOAL 347
ENERGY EFFICIENCY AND CONSERVATION 349
MEGAWATTS VS. MEGAWATTS 349
ENERGY EFFICIENCY 350
CONSUMPTION STRATEGIES 351
RENEWABLE PORTFOLIO STANDARDS 351
FEED-IN TARIFFS 352
DEMAND RESPONSE MECHANISMS 352
SUMMARY 353
NOTES 354
REFERENCES 355
16 ENERGY SECURITY 3S7
INTRODUCTION 357
DEFINITION OF ENERGY SECURITY 358
HISTORY OF OIL SECURITY SINCE 1973 359
OPEC AND THE 1973 EMBARGO 359
PRICES AND PRICE VOLATILITY 362
EXPLANATIONS FOR THE 2008 OIL PRICE SPIKE 363
CURRENT ISSUES IN PRIMARY ENERGY SECURITY 363
FALLING ENERGY PRICES AND IMPORTS REDUCE SECURITY CONCERNS 363
NATURAL GAS 364
CLIMATE CHANGE 364
NUCLEAR ENERGY 365
ENERGY INFRASTRUCTURE 366
ELECTRICITY AND ENERGY SECURITY 367
OUTAGES 367
GRID MODERNIZATION 368
MICROGRIDS 369
CONTENTS XV
COSTS AND BENESSTS OF ENERGY SECURITY 369
OIL PRICES AND OIL PRICE SHOCKS 370
SECURITY PETROLEUM RESERVE (SPR) 371
MILITARY COSTS 371
ELECTRICITY OUTAGE COSTS 372
SMART GRID 373
SUMMARY 374
NOTES 375
REFERENCES 375
17 A COMPREHENSIVE ENERGY POLICY: THE BIG PICTURE 378
LNTRODUCTION 378
FIRST- AND SECOND-BEST POLTCIES 379
INCENTIVE-BASED POLICIES VS. COMMAND-AND-CONTROL 380
ENERGY-USING SECTORS 381
TRANSPORTATION 381
ELECTRIC UTILITIES 384
INDUSTRY 387
BUILDINGS AND COMMERCIAL USERS 387
BUILDINGS AND RESIDENTIAL USERS 389
MARKETS AND GOVERNMENT 390
SUMMARY 390
REFERENCES 393
INDEX
|
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dewey-search | 333.79 |
dewey-sort | 3333.79 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Book |
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id | DE-604.BV044464806 |
illustrated | Not Illustrated |
indexdate | 2024-07-10T07:53:41Z |
institution | BVB |
isbn | 9780415676779 9780415676786 |
language | English |
lccn | 017007046 |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029865383 |
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open_access_boolean | |
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owner_facet | DE-2070s DE-1050 DE-355 DE-BY-UBR DE-634 DE-188 DE-11 |
physical | xxv, 405 Seiten Diagramme, Karten |
publishDate | 2018 |
publishDateSearch | 2018 |
publishDateSort | 2018 |
publisher | Routledge |
record_format | marc |
series | Routledge textbooks in environmental and agricultural economics |
series2 | Routledge textbooks in environmental and agricultural economics |
spelling | Schwarz, Peter Martin 1952- (DE-588)170172880 aut Energy economics Peter M. Schwarz London ; New York Routledge 2018 xxv, 405 Seiten Diagramme, Karten txt rdacontent n rdamedia nc rdacarrier Routledge textbooks in environmental and agricultural economics 9 Energy consumption Economic aspects Energy development Energy industries Energy policy Energiewirtschaft (DE-588)4014743-5 gnd rswk-swf Energiewirtschaft (DE-588)4014743-5 s DE-604 Erscheint auch als Online-Ausgabe 978-1-315-11406-4 Routledge textbooks in environmental and agricultural economics 9 (DE-604)BV039532088 9 Inhaltsverzeichnis GBV application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029865383&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Schwarz, Peter Martin 1952- Energy economics Routledge textbooks in environmental and agricultural economics Energy consumption Economic aspects Energy development Energy industries Energy policy Energiewirtschaft (DE-588)4014743-5 gnd |
subject_GND | (DE-588)4014743-5 |
title | Energy economics |
title_auth | Energy economics |
title_exact_search | Energy economics |
title_full | Energy economics Peter M. Schwarz |
title_fullStr | Energy economics Peter M. Schwarz |
title_full_unstemmed | Energy economics Peter M. Schwarz |
title_short | Energy economics |
title_sort | energy economics |
topic | Energy consumption Economic aspects Energy development Energy industries Energy policy Energiewirtschaft (DE-588)4014743-5 gnd |
topic_facet | Energy consumption Economic aspects Energy development Energy industries Energy policy Energiewirtschaft |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029865383&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
volume_link | (DE-604)BV039532088 |
work_keys_str_mv | AT schwarzpetermartin energyeconomics |