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The Economics of Environment Protection

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Energy Economics

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Abstract

The objective of this chapter is to highlight the energy-environment interactions and present the economic principles used in dealing with the environmental issues arising from energy use. The chapter introduces the concept of externalities and discusses the methods available for internalizing them. It also discusses issues related to estimation of external costs.

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Notes

  1. 1.

    Encyclopedia of the Atmospheric Environment, http://www.ace.mmu.ac.uk/eae/english.html.

  2. 2.

    Megacities are cities with a population exceeding 10 million.

  3. 3.

    http://www.environment.no/Topics/Air-pollution/Acid-rain/.

  4. 4.

    The idea was first indicated in the World Development Report (1992) of the World Bank. A large volume of literature in this area is now available. See Kaika and Zervas (2013), Webber and Allen (2010), Stern (2003, 2004), Grossman and Krueger (1995) for further details.

  5. 5.

    See Chap. 4, Baumol and Oates (1988) for details.

  6. 6.

    Chapter 3, Sect. 4 of Baumol and Oates (1988).

  7. 7.

    See Pearce et al. (1994) for more details.

  8. 8.

    For further details consult, Tietenberg (2001).

  9. 9.

    Extracted from Baumol and Oates (1988).

  10. 10.

    This example is taken from Viscusi et al. (2000).

  11. 11.

    Externe project was the major research work in externality valuation. Since the completion of this project, some reviews have appeared but no major new research initiative has been undertaken. See Ecofys (2014) for a review of external costs in European countries.

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Authors and Affiliations

  1. Institute of Energy and Sustainable Development, De Montfort University, Leicester, Leicestershire, UK

    Subhes C. Bhattacharyya

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  1. Subhes C. Bhattacharyya
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Correspondence to Subhes C. Bhattacharyya .

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Bhattacharyya, S.C. (2019). The Economics of Environment Protection. In: Energy Economics. Springer, London. https://doi.org/10.1007/978-1-4471-7468-4_10

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