Energy Policy

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A model for evaluating regional and global effects of GHG reduction policies

Alan Manne, Robert Mendelsohn, Richard Richels

Energy Policy > 1995 > 23 > 1 > 17-34

MERGE provides a framework for thinking about climate change management proposals. The model is designed to be sufficiently flexible to be used to explore alternative views on a wide range of contentious issues, eg costs, damages, valuation and discounting. We begin with a description of the model's individual components and show how they fit together. We then provide an initial application to...

article

Do consumers discount the future correctly? - A market-based valuation of residential fuel switching

Shimon Awerbuch, William Deehan

Energy Policy > 1995 > 23 > 1 > 57-69

DSM and energy-efficiency options are generally evaluated using engineering oriented discounted cash flow procedures which value all cost and benefit streams using a single arbitrary discount rate - usually the firm's weighted average cost of capital (WACC). The WACC based approach ignores financial risk and hence leads to unreliable results. In a recent paper in this journal Hassett and Metcalf...

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Coal policy and climate protection - Can the tough German CO ₂ reduction target be met by 2005?

Wilfrid Bach

Energy Policy > 1995 > 23 > 1 > 85-91

With the signing of the Climate Convention at the UNCED in Rio de Janeiro in 1992 a first important step was made toward a coordinated climatic and environmental protection policy. Germany is the host of the first Conference of Parties to be held in Berlin from 28 March to 7 April 1995. It is the ambition of the German government to initiate concrete action at this conference. These activities will...

article

The equilibrium price range of oil - Economics, politics and uncertainty in the formation of oil prices

Pierre-Noël Giraud

Energy Policy > 1995 > 23 > 1 > 35-49

This paper attempts to clarify the articulation between economic and political factors in the formation of petroleum prices. It begins with defining the political factors. Then it gives a definition of the dynamic equilibrium price of a mineral commodity market. The essential point is that when actors control significant low cost reserves and will not or cannot adopt behaviour of a substantial...

article

Sustainable resource use: the search for meaning

A.G. Heyes, C. Liston-Heyes

Energy Policy > 1995 > 23 > 1 > 1-3

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Diversity and ignorance in electricity supply investment: a reply to Andrew Stirling

Rachel Western

Energy Policy > 1995 > 23 > 1 > 5-16

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Cost savings and activity levels in the UKCS - A positive sum game

Alexander G Kemp, Bruce MacDonald

Energy Policy > 1995 > 23 > 1 > 71-83

Declining production in mature fields, relatively small sizes of new fields, the fall in oil prices and the high tax takes in old fields have combined to squeeze profit margins on petroleum exploitation in the UKCS. Achieved reductions in development and operating costs can help to sustain activity levels over the next two decades. Contractors as well as oil companies and the nation generally will...

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Missing culture: energy efficiency and lost causes

S Hinchliffe

Energy Policy > 1995 > 23 > 1 > 93-95

Largely to the credit of Brookes, this journal has, over the past few years, carried a discussion that challenges the complacency of environmentalists and others over the role that improvements in energy efficiency can play as policy tools designed to mitigate the eco-social costs of energy production, transmission and consumption. In this communication I will briefly review the main arguments in...

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Energy use in a transitional economy. The case of Poland .

Stephen Meyers, Jürgen Salay, Lee Schipper

Energy Policy > 1995 > 23 > 1 > 105

article

Regulatory policies under uncertainty, value of information and greenhouse gas emissions

Hans W Gottinger

Energy Policy > 1995 > 23 > 1 > 51-56

Would it be better now to act decisively and globally to cut down greenhouse gas emissions or to wait for a reduction in scientific uncertainties? Using a model of optimal statistical decisions it is shown when it pays to act and learn and when to learn and act. The value of information in reducing uncertainty can be shown to be sensitive to the accuracy and likelihood of scientific research results...

article

Joint implementation and cost-effectiveness under the Framework Convention on Climate Change

Tim Jackson

Energy Policy > 1995 > 23 > 2 > 117-138

The concept of joint implementation is the subject of ongoing negotiations under the Framework Convention on Climate Change. Proponents argue that allowing joint implementation of the objectives of the Convention will increase the cost-effectiveness with which those objectives are achieved. Opponents argue that allowing trade in carbon emission credits will reduce the incentive for domestic...

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Energy development in China - National policies and regional strategies

Wu Kang, Li Binsheng

Energy Policy > 1995 > 23 > 2 > 167-178

China's energy resources are unevenly distributed across a country that is vast in size, while demand for energy is and will continue to be growing rapidly. This article provides a comprehensive assessment of energy development in China in recent years - supported by the most recent energy statistics - and a forecast for the future. It also examines the evolution of national policies and regional...

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An evaluation of the effectiveness of US CAFE policy

Eric G Kirby

Energy Policy > 1995 > 23 > 2 > 107-109

As a result of the energy crisis of 1974, the USA enacted minimum fuel economy standards for all automobiles sold within the USA. The goal of this regulation was to help reduce the USA's reliance upon foreign oil. Twenty years later, this paper evaluates the effectiveness of this policy. It is found that overall automotive fuel efficiency has increased and the amount of imported oil used by each...

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Energy conservation in China - An international perspective

Xiang Zhang Zhong

Energy Policy > 1995 > 23 > 2 > 159-166

The paper reviews China's energy conservation in an international perspective. Its purpose is to shed light on the accomplishments to date of China's energy conservation efforts and to derive China's actual potential for longer-term energy conservation through a sector by sector comparison of energy intensity in physical terms. Moreover, in order to promote such a potential, the paper concludes...

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Environmental issues and the nuclear industry

Pamela Castle

Energy Policy > 1995 > 23 > 2 > 139-147

Health safety and environmental liabilities of the nuclear industry reflect those of industry in general and may broadly be divided into two areas: criminal liability for regulatory non-compliance; and civil liability for damage caused to persons and their property (for example, neighbours, employees etc). In addition, environmental liability may be incurred as a result of powers of the regulatory...

article

Global warming potentials - The case of emissions from dams

Luiz Pinguelli Rosa, Roberto Schaeffer

Energy Policy > 1995 > 23 > 2 > 149-158

The global warming potential index (GWP) has been proposed to quantitatively compare the integrated greenhouse effect of different gases. However, the use of the GWP index is still subject to major conceptual difficulties. Here we revise and generalize this index and then apply our alternative index to the case of emissions from some hydroelectric reservoirs in Brazil. Our results suggest that,...

article

Comments on Stirling's ?Diversity and ignorance in electricity supply investment?

M. Brower

Energy Policy > 1995 > 23 > 2 > 115-116

article

Demand-side management - The third wave

Fereidoon P Sioshansi

Energy Policy > 1995 > 23 > 2 > 111-114

As a discipline, demand-side management (DSM) has gone through two distinct stages of development since the early 1970s. It is about to enter a third and more mature phase as the electric power industry in the USA prepares for a competitive business environment. In this new environment, only DSM that makes good business sense will be pursued. What makes good business sense will vary from utility...

article

Transport demand management in ?Yuppieland?

S. Peake

Energy Policy > 1995 > 23 > 2 > 179-180

article

Natural gas pricing policy - The case of the Greek energy market

Y Caloghirou, A Mourelatos, L Papayannakis

Energy Policy > 1995 > 23 > 3 > 183-194

The evolution of the price of natural gas (NG) is examined in industrial and tertiary residential sectors for European Union (EU) countries. The methodological approach is that of comparative analysis. NG price is seen to be positively correlated to prices of liquid fuels. NG price in the tertiary residential sector is significantly higher than that for the industrial sector for all countries examined...

INFONA - science communication portal

Energy Policy

A model for evaluating regional and global effects of GHG reduction policies

Do consumers discount the future correctly? - A market-based valuation of residential fuel switching

Coal policy and climate protection - Can the tough German CO ₂ reduction target be met by 2005?

The equilibrium price range of oil - Economics, politics and uncertainty in the formation of oil prices

Sustainable resource use: the search for meaning

Diversity and ignorance in electricity supply investment: a reply to Andrew Stirling

Cost savings and activity levels in the UKCS - A positive sum game

Missing culture: energy efficiency and lost causes

Energy use in a transitional economy. The case of Poland .

Regulatory policies under uncertainty, value of information and greenhouse gas emissions

Joint implementation and cost-effectiveness under the Framework Convention on Climate Change

Energy development in China - National policies and regional strategies

An evaluation of the effectiveness of US CAFE policy

Energy conservation in China - An international perspective

Environmental issues and the nuclear industry

Global warming potentials - The case of emissions from dams

Comments on Stirling's ?Diversity and ignorance in electricity supply investment?

Demand-side management - The third wave

Transport demand management in ?Yuppieland?

Natural gas pricing policy - The case of the Greek energy market

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