Hidden Costs of Energy

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Author :
Publisher : National Academies Press
ISBN 13 : 0309155800
Total Pages : 506 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Hidden Costs of Energy by : National Research Council

Download or read book Hidden Costs of Energy written by National Research Council and published by National Academies Press. This book was released on 2010-05-26 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the many benefits of energy, most of which are reflected in energy market prices, the production, distribution, and use of energy causes negative effects. Many of these negative effects are not reflected in energy market prices. When market failures like this occur, there may be a case for government interventions in the form of regulations, taxes, fees, tradable permits, or other instruments that will motivate recognition of these external or hidden costs. The Hidden Costs of Energy defines and evaluates key external costs and benefits that are associated with the production, distribution, and use of energy, but are not reflected in market prices. The damage estimates presented are substantial and reflect damages from air pollution associated with electricity generation, motor vehicle transportation, and heat generation. The book also considers other effects not quantified in dollar amounts, such as damages from climate change, effects of some air pollutants such as mercury, and risks to national security. While not a comprehensive guide to policy, this analysis indicates that major initiatives to further reduce other emissions, improve energy efficiency, or shift to a cleaner electricity generating mix could substantially reduce the damages of external effects. A first step in minimizing the adverse consequences of new energy technologies is to better understand these external effects and damages. The Hidden Costs of Energy will therefore be a vital informational tool for government policy makers, scientists, and economists in even the earliest stages of research and development on energy technologies.

External Environmental Costs of Electric Power

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Publisher : Springer Science & Business Media
ISBN 13 : 3642767125
Total Pages : 500 pages
Book Rating : 4.6/5 (427 download)

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Book Synopsis External Environmental Costs of Electric Power by : Olav Hohmeyer

Download or read book External Environmental Costs of Electric Power written by Olav Hohmeyer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental costs of electric power generation are receiving increasing attention as an important input to planning and decision processes. Since the outstart of the discussion on the monetized environmental costs of electricity in 1988 a number of studies have been conducted on the subject, producing partially contradictory results. Simultaneously political action has resulted from the first stage on this discussion process. In Germany the higher rates which have to be payed to autoproducers based on renewable energy sources have been explicitly justified by the existence of external environmental costs of conventional electricity generation. At the same time some state regulatory commissions in the United States have introduced adders for environmental costs in the utility planning process. This book reports on the first international workshop on the subject, bringing together practically all experts in the field of research and political implementation from the United States and Germany, the two pioneering countries. The more than thirty contributed papers contained in this volume give the most comprehensive and up-to-date overview of the field. Some papers already outline the future course of research by giving an overview over some major research projects, which have just started.

Social Costs of Energy Consumption

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Publisher : Springer Science & Business Media
ISBN 13 : 364283499X
Total Pages : 136 pages
Book Rating : 4.6/5 (428 download)

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Book Synopsis Social Costs of Energy Consumption by : Olav Hohmeyer

Download or read book Social Costs of Energy Consumption written by Olav Hohmeyer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has become apparent that the market diffusion of systems using new and renewable sources of energy such as solar systems, wind energy converters etc. is taking place more slowly than expected (see e.g. Jochem et al. 1986, p. 338). This indicates that various barriers to the market introduction of such technologies have been underestimated. This hypothesis is supported by the accelerating effect of strong financial incentives on market diffusion rates of wind energy systems in such countries as Denmark and the USA (see Jochem et al. 1986, p. 340f). It is often pointed out that the macroeconomic and social advantages of new energy technologies such as environmental attractiveness, reduction of dependence on energy imports, or resource preservation and the hidden costs of conventional energy systems are not adequately represented in microeconomic evaluations (see Wicke 1986, p. 12 or Solow 1982, p. 32). The general market pricing mechanism does not seem to work adequately in such cases. In any seriously distorted market, government has to compensate by internalizing the external effects of economic processes (see e.g. Solow 1982, p. 31 or Osterkamp/Schneider 1982, p. 27). Therefore, research efforts to estimate the full costs of energy systems to society are necessary. The knowledge of these full social costs of energy could enable government to take corrective action to help the market mechanism achieve an optimal allocation of resources.

Regulation of Energy Markets

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Publisher : Springer Nature
ISBN 13 : 3030583198
Total Pages : 361 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Regulation of Energy Markets by : Machiel Mulder

Download or read book Regulation of Energy Markets written by Machiel Mulder and published by Springer Nature. This book was released on 2020-10-16 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook explains the main economic mechanisms behind energy markets and assesses how governments can implement policies to improve how these markets function. Adopting a micro-economic perspective, the book systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets to identify government policies that can improve welfare. These shortcomings include the natural monopoly and the public-good character of energy infrastructures; market power resulting from inflexibility of supply and demand; international trade restrictions; negative externalities concerning the use of fossil energy; positive externalities concerning innovative new energy technologies; information asymmetries with regard to the product characteristics of energy commodities; and other public concerns, such as energy poverty. In turn, readers will learn about various measures that governments can use to address these market failures, including incentive regulation for electricity grids; international integration of wholesale energy markets; environmental regulatory measures like emissions trading schemes; subsidy schemes for new technologies; green-energy certificate schemes; and energy taxes. Given its scope, the book will appeal to upper-undergraduate and graduate students from various disciplines who want to learn more about the economics and regulation of energy systems and markets.

Electricity Generation and Environmental Externalities: Case Studies

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1422348652
Total Pages : 94 pages
Book Rating : 4.4/5 (223 download)

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Book Synopsis Electricity Generation and Environmental Externalities: Case Studies by :

Download or read book Electricity Generation and Environmental Externalities: Case Studies written by and published by DIANE Publishing. This book was released on 1995 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social Costs of Energy

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Publisher : Springer Science & Business Media
ISBN 13 : 3642851207
Total Pages : 432 pages
Book Rating : 4.6/5 (428 download)

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Book Synopsis Social Costs of Energy by : Olav Hohmeyer

Download or read book Social Costs of Energy written by Olav Hohmeyer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although present day politics seems to be preoccupied with questions of economic growth and full employment, the basic environmental problems stemming from the interactions of the economic sphere with global, regional and local environments persist and will have an even greater impact in the future. If economy and ecology are not reconciled in the years to come, mankind will not have a sustainable future on Earth. The typical negation of environmental problems in times of economic crisis is partially due to the fact that environmental and health damages of economic activities are neither priced nor included in our market price system. This allows politicians to focus their attention on insufficient economic indicators which do not reflect the actual development of the welfare of society. If economic lead indicators like GDP or balance of trade figures were better integrated with information on the environmental and health costs caused by the seemingly beneficial economic development, politicians might have better guidance as to what policy choices would benefit society most.

Environmental Externalities and Electric Utility Regulation

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Publisher :
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Environmental Externalities and Electric Utility Regulation by : Ernest G. Niemi

Download or read book Environmental Externalities and Electric Utility Regulation written by Ernest G. Niemi and published by . This book was released on 1993 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Energy externality

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Publisher :
ISBN 13 :
Total Pages : 540 pages
Book Rating : 4.:/5 (831 download)

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Book Synopsis Energy externality by : Gonzague Pillet

Download or read book Energy externality written by Gonzague Pillet and published by . This book was released on 1985 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exploring Health and Environmental Costs of Food

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Publisher : National Academies Press
ISBN 13 : 0309265835
Total Pages : 117 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Exploring Health and Environmental Costs of Food by : National Research Council

Download or read book Exploring Health and Environmental Costs of Food written by National Research Council and published by National Academies Press. This book was released on 2012-12-28 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. food system provides many benefits, not the least of which is a safe, nutritious and consistent food supply. However, the same system also creates significant environmental, public health, and other costs that generally are not recognized and not accounted for in the retail price of food. These include greenhouse gas (GHG) emissions, soil erosion, air pollution, and their environmental consequences, the transfer of antibiotic resistance from food animals to human, and other human health outcomes, including foodborne illnesses and chronic disease. Some external costs which are also known as externalities are accounted for in ways that do not involve increasing the price of food. But many are not. They are borne involuntarily by society at large. A better understanding of external costs would help decision makers at all stages of the life cycle to expand the benefits of the U.S. food system even further. The Institute of Medicine (IOM) and the National Research Council (NRC) with support from the U.S. Centers for Disease Control and Prevention (CDC) convened a public workshop on April 23-23, 2012, to explore the external costs of food, methodologies for quantifying those costs, and the limitations of the methodologies. The workshop was intended to be an information-gathering activity only. Given the complexity of the issues and the broad areas of expertise involved, workshop presentations and discussions represent only a small portion of the current knowledge and are by no means comprehensive. The focus was on the environmental and health impacts of food, using externalities as a basis for discussion and animal products as a case study. The intention was not to quantify costs or benefits, but rather to lay the groundwork for doing so. A major goal of the workshop was to identify information sources and methodologies required to recognize and estimate the costs and benefits of environmental and public health consequences associated with the U.S. food system. It was anticipated that the workshop would provide the basis for a follow-up consensus study of the subject and that a central task of the consensus study will be to develop a framework for a full-scale accounting of the environmental and public health effects for all food products of the U.S. food system. Exploring Health and Environmental Costs of Food: Workshop Summary provides the basis for a follow-up planning discussion involving members of the IOM Food and Nutrition Board and the NRC Board on Agriculture and Natural Resources and others to develop the scope and areas of expertise needed for a larger-scale, consensus study of the subject.

Externalities, internalities, and the targeting of energy policy

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (786 download)

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Book Synopsis Externalities, internalities, and the targeting of energy policy by : Hunt Allcott

Download or read book Externalities, internalities, and the targeting of energy policy written by Hunt Allcott and published by . This book was released on 2012 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: We show how the traditional logic of Pigouvian externality taxes changes if consumers under-value energy costs when buying energy-using durables such as cars and air conditioners. First, with undervaluation, there is an "Internality Dividend" from externality taxes: aside from reducing the provision of public bads, they also reduce allocative inefficiencies caused by consumers' underinvestment in energy efficient durables. Second, although Pigouvian taxes are clearly the preferred policy mechanism when externalities are the only market failure, undervaluation provides an "Internality Rationale" for alternative policies such as product subsidies that reduce the relative price of energy efficient durables. However, when some consumers misoptimize and others do not, a crucial quantity for policy analysis is the average marginal internality: the extent to which a policy preferentially targets misoptimizing consumers. As an example of the importance of the average marginal internality, we carry out a randomized field experiment to provide rebates for energy efficient lightbulbs and illustrate how the welfare effects of the rebate depend significantly on whether consumers that undervalue energy costs are more or less elastic.

Hidden Costs of Energy

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Publisher : National Academy Press
ISBN 13 : 9780309146364
Total Pages : 350 pages
Book Rating : 4.1/5 (463 download)

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Book Synopsis Hidden Costs of Energy by : NATL ACADEMY PR

Download or read book Hidden Costs of Energy written by NATL ACADEMY PR and published by National Academy Press. This book was released on 2009 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:

External Environmental Costs of Electric Power

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Publisher :
ISBN 13 : 9783642767135
Total Pages : 512 pages
Book Rating : 4.7/5 (671 download)

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Book Synopsis External Environmental Costs of Electric Power by : Olav Hohmeyer

Download or read book External Environmental Costs of Electric Power written by Olav Hohmeyer and published by . This book was released on 2014-01-15 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Power Generation Choices

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Publisher : OECD
ISBN 13 :
Total Pages : 420 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Power Generation Choices by : OECD Nuclear Energy Agency

Download or read book Power Generation Choices written by OECD Nuclear Energy Agency and published by OECD. This book was released on 1994 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:

External Environmental Costs of Electric Power

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Publisher : Springer
ISBN 13 : 9783540541844
Total Pages : 497 pages
Book Rating : 4.5/5 (418 download)

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Book Synopsis External Environmental Costs of Electric Power by : Olav Hohmeyer

Download or read book External Environmental Costs of Electric Power written by Olav Hohmeyer and published by Springer. This book was released on 1991-01-01 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Sponsored by the German Marshall Fund of the United States, Washington, D.C. and the Gottlieb-Daimler- and Karl Benz-Stiftung, Ladenburg, FRG"--Prelim. p.

Intermediate Microeconomics

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Intermediate Microeconomics by : Patrick M. Emerson

Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Energy Policy with Externalities and Internalities

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis Energy Policy with Externalities and Internalities by : Hunt Allcott

Download or read book Energy Policy with Externalities and Internalities written by Hunt Allcott and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private optima. First, there is an Internality Dividend from Externality Taxes: aside from reducing externalities, they also offset distortions from underinvestment in energy efficiency. Discrete choice simulations of the auto market suggest that the Internality Dividend could more than double the social welfare gains from a carbon tax at marginal damages. Second, we develop the Internality Targeting Principle: the optimal combination of multiple instruments depends on the average internality of the consumers marginal to each instrument. Because consumers who undervalue energy costs are mechanically less responsive to energy taxes, the optimal policy will tend to involve an energy tax below marginal damages coupled with a larger subsidy for energy efficient products. Third, although the exact optimal policy depends on joint distributions of unobservables which would be difficult to estimate, we develop formulas to closely approximate optimal policy and welfare effects based on reduced form "sufficient statistics" that can be estimated using field experiments or quasi-experimental variation in product prices and energy costs.

Energy, Externalities and Environmental Quality

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Publisher :
ISBN 13 : 9781852371449
Total Pages : 42 pages
Book Rating : 4.3/5 (714 download)

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Book Synopsis Energy, Externalities and Environmental Quality by : Peter J. G. Pearson

Download or read book Energy, Externalities and Environmental Quality written by Peter J. G. Pearson and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: