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Energy and the Environment

  • Michael G. Webb
  • Martin J. Ricketts
Chapter

Abstract

In Chapter 4 it was argued that for an efficient allocation of resources energy prices should be related to their marginal social costs. In this chapter we consider one of the principal causes of the divergence of private from social costs in this sector of the economy. This is the external environmental costs associated with the production and use of energy. Some of these external costs are associated with the emissions of particular pollutants, such as sulphur dioxide and particulate matter, while others are associated with the loss of visual amenity, such as opencast (or strip) mining and overhead power lines. In addition some of these externalities are local in their effects while others involve transfrontier pollution.

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Notes and References

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Copyright information

© Michael G. Webb and Martin J. Ricketts 1980

Authors and Affiliations

  • Michael G. Webb
  • Martin J. Ricketts

There are no affiliations available

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