Essays On Environmental Regulations In Electricity Markets

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Economic Regulation and Its Reform

Author : Nancy L. Rose
Publisher : University of Chicago Press
ISBN 13 : 022613816X
Total Pages : 619 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Economic Regulation and Its Reform by : Nancy L. Rose

Download or read book Economic Regulation and Its Reform written by Nancy L. Rose and published by University of Chicago Press. This book was released on 2014-08-29 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

The Regulation of Power Exchanges in Europe

Author : Martha M. Roggenkamp
Publisher : Intersentia nv
ISBN 13 : 9050953174
Total Pages : 338 pages
Book Rating : 4.0/5 (59 download)

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Book Synopsis The Regulation of Power Exchanges in Europe by : Martha M. Roggenkamp

Download or read book The Regulation of Power Exchanges in Europe written by Martha M. Roggenkamp and published by Intersentia nv. This book was released on 2005 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The liberalisation of the electricity sector has changed the way in which electricity is traded. De facto or legal vertical monopolies are gradually abandoned and new participants have entered the market. At the wholesale level, one of the important developments is the establishment of organised electricity markets, i.e. electricity power exchanges. This book analyses the role and evaluates the impact of these new organised markets, which until now received little attention. The introduction provides an overview of the developments on EC level as this creates the legal environment within which power exchanges operate. The implementation of the EC Electricity Directive has inter alia resulted in a commodization of electricity trading. Thereupon the development of power pools and electricity exchanges is discussed as well as the products which can be traded. Subsequently, the development of the most important national and/or regional exchanges in Europe will be examined. National experts will analyse the role of power exchanges in the Nordic countries, the United Kingdom, the Netherlands, Germany, France, Austria, Spain and Italy. The authors analyse the most important developments in their jurisdictions according to a fixed outline (e.g. implementation of the EC Electricity Directive, market structure, emergence and functioning of the organised market, products traded and the impact of cross-border trade) which allows for a comparative analysis and facilitates understanding. Finally, some conclusions with regard to the establishment of a single electricity market will be presented as well as some future developments.

Impact of Climate Risk on the Energy System

Author : Amy Myers Jaffe
Publisher : Council on Foreign Relations Press
ISBN 13 : 9780876097731
Total Pages : 88 pages
Book Rating : 4.0/5 (977 download)

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Book Synopsis Impact of Climate Risk on the Energy System by : Amy Myers Jaffe

Download or read book Impact of Climate Risk on the Energy System written by Amy Myers Jaffe and published by Council on Foreign Relations Press. This book was released on 2019-09-13 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics.

Moving to Markets in Environmental Regulation

Author : Jody Freeman
Publisher : OUP USA
ISBN 13 : 0195189655
Total Pages : 501 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Moving to Markets in Environmental Regulation by : Jody Freeman

Download or read book Moving to Markets in Environmental Regulation written by Jody Freeman and published by OUP USA. This book was released on 2007 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description

The End of a Natural Monopoly

Author : Daniel H. Cole
Publisher : Routledge
ISBN 13 : 1135697000
Total Pages : 258 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis The End of a Natural Monopoly by : Daniel H. Cole

Download or read book The End of a Natural Monopoly written by Daniel H. Cole and published by Routledge. This book was released on 2003-07-17 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation.

Government and Markets

Author : Edward J. Balleisen
Publisher : Cambridge University Press
ISBN 13 : 0521118484
Total Pages : 579 pages
Book Rating : 4.5/5 (211 download)

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Book Synopsis Government and Markets by : Edward J. Balleisen

Download or read book Government and Markets written by Edward J. Balleisen and published by Cambridge University Press. This book was released on 2010 with total page 579 pages. Available in PDF, EPUB and Kindle. Book excerpt: After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.

Analysis of Environmental Policy in the Power Sector

Author : Yihsu Chen
Publisher : Springer Nature
ISBN 13 : 3030448665
Total Pages : 278 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Analysis of Environmental Policy in the Power Sector by : Yihsu Chen

Download or read book Analysis of Environmental Policy in the Power Sector written by Yihsu Chen and published by Springer Nature. This book was released on 2020-04-25 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers game-theoretic approaches to analyzing policies for environmental regulation in the power sector. The scope includes operational and investment decisions in imperfectly competitive electricity markets as well as transmission planning and policy design. Given this context, this book synthesizes equilibrium and bi-level modeling to address challenging research questions such as: • How are power-plant operations affected by carbon policy, such as cap-and-trade (C&T) systems? • How does market power in electricity generation affect market outcomes and CO2 emissions? • How does a strategic firm with first-mover advantage manipulate both electricity and C&T permit prices? • How does a strategic firm with first-mover advantage invest in new generation capacity under a C&T system? • How does sustainable transmission planning adapt to an imperfectly competitive power sector? • How should a renewable portfolio standard (RPS) target be revised in an imperfectly competitive power sector? This book includes plenty of illustrative examples to facilitate the concepts’ comprehension. It is intended to make equilibrium and bi-level models adapted for policy assessment accessible to graduate students, academic researchers, industry practitioners, and policy analysts.

Clean Power Politics

Author : Joseph P. Tomain
Publisher : Cambridge University Press
ISBN 13 : 1107039177
Total Pages : 291 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Clean Power Politics by : Joseph P. Tomain

Download or read book Clean Power Politics written by Joseph P. Tomain and published by Cambridge University Press. This book was released on 2017-02-17 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clean Power Politics explains clean energy policy and the need for a successful transition to clean energy in the future.

Environmental Regulation

Author : John F. McEldowney
Publisher :
ISBN 13 : 9780857938206
Total Pages : 0 pages
Book Rating : 4.9/5 (382 download)

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Book Synopsis Environmental Regulation by : John F. McEldowney

Download or read book Environmental Regulation written by John F. McEldowney and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring an original introduction by the editors, this important collection of essays explores the main issues surrounding the regulation of the environment. The expert contributors illustrate that regulating the environment in the UK is conceptually complex, involves a diverse range of institutions, techniques and methodologies and crosses geographical and national boundaries. In the USA it is more formalised, juridical, adversarial and formally dependent upon legal rules. The articles highlight the fact that despite differences in the UK and the USA's regulatory styles, environmental regulation today has much in common with both traditions.

The Nordic Energy Markets and Environment

Author :
Publisher : Nordic Council of Ministers
ISBN 13 : 928931625X
Total Pages : 108 pages
Book Rating : 4.2/5 (893 download)

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Book Synopsis The Nordic Energy Markets and Environment by :

Download or read book The Nordic Energy Markets and Environment written by and published by Nordic Council of Ministers. This book was released on 2007 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Energy Abstracts for Policy Analysis

Author :
Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Energy Abstracts for Policy Analysis by :

Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1989 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Markets and the Environment, Second Edition

Author : Nathaniel O. Keohane
Publisher : Island Press
ISBN 13 : 1610916077
Total Pages : 328 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Markets and the Environment, Second Edition by : Nathaniel O. Keohane

Download or read book Markets and the Environment, Second Edition written by Nathaniel O. Keohane and published by Island Press. This book was released on 2016-01-05 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon."--Publisher's web site.

Evolution of Global Electricity Markets

Author : Fereidoon Sioshansi
Publisher : Academic Press
ISBN 13 : 0123979064
Total Pages : 867 pages
Book Rating : 4.1/5 (239 download)

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Book Synopsis Evolution of Global Electricity Markets by : Fereidoon Sioshansi

Download or read book Evolution of Global Electricity Markets written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2013-06-10 with total page 867 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get the latest on rapidly evolving global electricity markets direct from the scholars andthought leaders who are shaping reform. In this volume, dozens of world-class expertsfrom diverse regions provide a comprehensive assessment of the relevant issues intoday's electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmentaldegradation, and the introduction of distributed sources and smart grids, increasinglystringent demands are being placed on the electric power sector to provide a morereliable, efficient delivery infrastructure, and more rational, cost-reflective prices. Thisbook maps out the electric industry's new paradigms, challenges and approaches,providing invaluable global perspective on this host of new and pressing issues beinginvestigated by research institutions worldwide. Companies engaged in the powersector's extensive value chain including utilities, generation, transmission & distributioncompanies, retailers, suppliers, regulators, market designers, and the investment &financial rating community will benefit from gaining a more nuanced understanding ofthe impacts of key market design and restructuring choices. How can problems beavoided? Why do some restructured markets appear to function better than others?Which technological implementations represent the best investments? Whichregulatory mechanisms will best support these new technologies? What lessons canbe learned from experiences in Norway, Australia, Texas, or the U.K.? Thesequestions and many more are undertaken by the brightest minds in the industry in thisone comprehensive, cutting-edge resource. - Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures - Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability - Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems

Reconciling Energy, the Environment and Sustainable Development

Author : Maria João C. Pereira Rolim
Publisher : Kluwer Law International B.V.
ISBN 13 : 9403514655
Total Pages : 491 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Reconciling Energy, the Environment and Sustainable Development by : Maria João C. Pereira Rolim

Download or read book Reconciling Energy, the Environment and Sustainable Development written by Maria João C. Pereira Rolim and published by Kluwer Law International B.V.. This book was released on 2019-08-13 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Challenged by sustainability imperatives, the world faces a transition in how it uses and produces energy. Yet, despite the indisputable interdependence between energy and the environment, law in these two areas has developed separately, with little consideration for how the logic and aims of each might be reconciled. This innovative book addresses this crucial nexus, exploring the role that law must inevitably play as the effects of fossil fuel–induced climate change continue to radically affect every aspect of life on Earth. Focusing on the emerging concept of reflexive regulation, the analysis takes giant steps in paving the way for effective legal engagement in the energy transition process. Issues and topics explored in detail include the following: energy’s distinctive characteristic as an economic activity that works in a chain; relation of physical aspects of energy to its legal and social dimensions; main aspects of regulation, environmental law and the concept of sustainability; specific security of supply challenges faced by the industry; and emergence and worldwide adoption of the environmental impact assessment as a procedural mechanism and its connection with Reflexive Regulation. The author supports her arguments with detailed and critical examination of the regulation theoretical framework and includes citations of case law, rules and regulations from diverse jurisdictions. A case study on the development of the Brazilian electricity sector – an exemplary case, considering the country’s abundance of natural energy resources, industrial efficiency prerogatives, regulatory incentives to ensure investment in supply expansion, and increasing demands in meeting sustainability objectives, all as highlighted by ongoing litigation – illustrates the arguments put forward. This book makes a substantial contribution to developing a framework aimed at linking potential divergent policy objectives in diverse and distinct interdependent fields. It will be welcomed by energy and environmental lawyers and policy makers, as well as by economists, scholars and other professionals concerned with the meaning of law and regulation in relation to energy, the environment and development, and the possible roles law and regulation may play in a pressing scenario of change.

The Palgrave Companion to Cambridge Economics

Author : Robert A. Cord
Publisher : Springer
ISBN 13 : 113741233X
Total Pages : 1209 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis The Palgrave Companion to Cambridge Economics by : Robert A. Cord

Download or read book The Palgrave Companion to Cambridge Economics written by Robert A. Cord and published by Springer. This book was released on 2017-02-20 with total page 1209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cambridge University has and continues to be one of the most important centres for economics. With nine chapters on themes in Cambridge economics and over 40 chapters on the lives and work of Cambridge economists, this volume shows how economics became established at the university, how it produced some of the world's best-known economists, including John Maynard Keynes and Alfred Marshall, plus Nobel Prize winners, such as Richard Stone and James Mirrlees, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists – especially those interested in macroeconomics and the history of economic thought – with the first in-depth analysis of Cambridge economics.

Environmental and Energy Policy and the Economy

Author : Matthew J. Kotchen
Publisher : University of Chicago Press
ISBN 13 : 0226821749
Total Pages : 275 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Environmental and Energy Policy and the Economy by : Matthew J. Kotchen

Download or read book Environmental and Energy Policy and the Economy written by Matthew J. Kotchen and published by University of Chicago Press. This book was released on 2022-01-24 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.

Coal

Author : Mark C. Thurber
Publisher : John Wiley & Sons
ISBN 13 : 150951404X
Total Pages : 117 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis Coal by : Mark C. Thurber

Download or read book Coal written by Mark C. Thurber and published by John Wiley & Sons. This book was released on 2019-05-07 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: By making available the almost unlimited energy stored in prehistoric plant matter, coal enabled the industrial age – and it still does. Coal today generates more electricity worldwide than any other energy source, helping to drive economic growth in major emerging markets. And yet, continued reliance on this ancient rock carries a high price in smog and greenhouse gases. We use coal because it is cheap: cheap to scrape from the ground, cheap to move, cheap to burn in power plants with inadequate environmental controls. In this book, Mark Thurber explains how coal producers, users, financiers, and technology exporters drive this supply chain, while fragmented environmental movements battle for full incorporation of environmental costs into the global calculus of coal. Delving into the politics of energy versus the environment at local, national, and international levels, Thurber paints a vivid picture of the multi-faceted challenges associated with continued coal production and use in the twenty-first century.