Distributional And Climate Implications Of Policy Responses To The Energy Crisis
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| Author | : Thiemo Fetzer |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : Climatic changes |
| ISBN | : |
Which households are most affected by energy price shocks and what can we learn about the incidence of carbon taxes? How large are the energy, financial, and environmental benefits of improved energy efficiency in the residential building stock? How do energy price setting policies affect incentives to invest in energy efficiency? We use granular property-level data representing more than 50% of the English and Welsh building stock to answer these questions and estimate the impact of recent energy price shocks on energy bills under different energy efficiency investments scenarios. We find that the energy price shock hits better-off regions more than poorer ones, in absolute terms. On aggregate, 30% of energy consumption, totalling GBP 10-20 billion, could be saved if buildings were upgraded to higher energy efficiency standards. Energy savings appear largely concentrated in the wealthiest parts of England and Wales. However, current policies, such as the UK’s energy price cap, weaken incentives for households to invest in energy efficiency upgrades and benefit wealthier households the most. Alternative, more targeted policies are cheaper, easily implementable, and could better align incentives.
| Author | : Thiemo Fetzer |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : |
| ISBN | : |
| Author | : Mark A. Cohen |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 397 |
| Release | : 2013-05-31 |
| Genre | : Science |
| ISBN | : 1783470275 |
Governments around the globe have begun to implement various actions to limit carbon emissions and so, combat climate change. This book brings together some of the leading scholars in environmental and climate economics to examine the distributional consequences of policies that are designed to reduce these carbon emissions. Whether through a carbon tax, cap-and-trade system or other mechanisms, most proposals to reduce carbon emissions include some kind of carbon pricing system Ð shifting the costs of emissions onto polluters and providing an incentive to find the least costly methods of abatement. This standard efficiency justification for pricing carbon also has important distributional consequences Ð a problem that is often ignored by economists while being a major focus of attention in the political arena. Leading scholars in environmental and climate economics take up these issues to examine such questions as: Will the costs fall on current or future generations? Will they fall on the rich, poor, middle class, or on everyone proportionally? Which countries will benefit, and which will suffer? Students and scholars interested in climate change, along with policy makers, will find this lively volume an invaluable addition to the quest for information on this globally important issue.
| Author | : J. Chevalier |
| Publisher | : Springer |
| Total Pages | : 338 |
| Release | : 2016-04-30 |
| Genre | : Business & Economics |
| ISBN | : 1137021187 |
Global warming reveals that world energy consumption is on an unsustainable path. This updated second edition of The New Energy Crisis examines the impact of climate change on energy economics and geopolitics, exploring key issues such as energy poverty, renewable and nuclear energy, and focusing on the implications of the Fukushima crisis.
| Author | : Don Fullerton |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2008 |
| Genre | : Energy policy |
| ISBN | : |
This chapter reviews literature on the distributional effects of environmental and energy policy. In particular, many effects of such policy are likely regressive. First, it raises the price of fossil-fuel-intensive products, expenditures on which are a high fraction of low-income budgets. Second, if abatement technologies are capital-intensive, then any mandate to abate pollution may induce firms to use more capital. If demand for capital is raised relative to labor, then a lower relative wage may also hurt low-income households. Third, pollution permits handed out to firms bestow scarcity rents on well-off individuals who own those firms. Fourth, low-income individuals may place more value on food and shelter than on incremental improvements in environmental quality. If high-income individuals get the most benefit of pollution abatement, then this effect is regressive as well. Fifth, low-income renters miss out on house price capitalization of air quality benefits. Well-off landlords may reap those gains. Sixth, transition effects could well hurt the unemployed who are already at some disadvantage. These six effects might all hurt the poor more than the rich. This paper discusses whether these fears are valid, and whether anything can be done about them.
| Author | : Richard A. Simmons |
| Publisher | : Purdue University Press |
| Total Pages | : 345 |
| Release | : 2014-03-15 |
| Genre | : Political Science |
| ISBN | : 1612493106 |
We are facing a global energy crisis caused by world population growth, an escalating increase in demand, and continued dependence on fossil-based fuels for generation. It is widely accepted that increases in greenhouse gas concentration levels, if not reversed, will result in major changes to world climate with consequential effects on our society and economy. This is just the kind of intractable problem that Purdue University's Global Policy Research Institute seeks to address in the Purdue Studies in Public Policy series by promoting the engagement between policy makers and experts in fields such as engineering and technology. Major steps forward in the development and use of technology are required. In order to achieve solutions of the required scale and magnitude within a limited timeline, it is essential that engineers be not only technologically-adept but also aware of the wider social and political issues that policy-makers face. Likewise, it is also imperative that policy makers liaise closely with the academic community in order to realize advances. This book is designed to bridge the gap between these two groups, with a particular emphasis on educating the socially-conscious engineers and technologists of the future. In this accessibly-written volume, central issues in global energy are discussed through interdisciplinary dialogue between experts from both North America and Europe. The first section provides an overview of the nature of the global energy crisis approached from historical, political, and sociocultural perspectives. In the second section, expert contributors outline the technology and policy issues facing the development of major conventional and renewable energy sources. The third and final section explores policy and technology challenges and opportunities in the distribution and consumption of energy, in sectors such as transportation and the built environment. The book's epilogue suggests some future scenarios in energy distribution and use.
| Author | : David Lewis Feldman |
| Publisher | : |
| Total Pages | : 328 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : |
The energy crisis of 1973-1974 was a pivotal event in twentieth-century American history. In the wake of the Vietnam War, it exposed the nation's economic vulnerability to foreign powers and precipitated an awareness of limits to the exploitation of natural resources. Further, it forced Americans and the American government in particular to think about the future of energy production and consumption in novel waysand made such thinking more imperative than ever. Twenty years later, questions about the energy crisis persist. What were the underlying causes of the crisis? What did we learn from it? How has it affected our current energy policies? Will another energy crisis occur in our future? In The Energy Crisis, David Lewis Feldman brings together a wide range of energy policy experts to address these questions and explore the appropriate role of governments and markets in ensuring a stable, economical, and sustainable energy supply. The authors locate the energy crisis in its historical context and find that, contrary to popular opinion, the Arab oil embargo was not responsible for the energy crisis. Rather, they contend, the crisis was caused by a series of short-sighted policy decisions meant to bring Americans cheaper energy and a cleaner environment. The contributors to The Energy Crisis conclude that the crisis was resolved by a combination of market forces and government intervention, and they offer perspectives on the need to sustain long-term interest in public/private partnerships in the face of short-term political and economic demands.
| Author | : Sebastian Rausch |
| Publisher | : |
| Total Pages | : 32 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Regulatory measures have proven the favored approach to climate change mitigation in the U.S., while market-based policies have gained little traction. Using a model that resolves the U.S. economy by region, income category, and sector-specific technology deployment opportunities, this paper studies the magnitude and distribution of economic impacts under regulatory versus market-based approaches. We quantify heterogeneity in the national response to regulatory policies, including a fuel economy standard and a clean or renewable electricity standard, and compare these to a cap-and-trade system targeting carbon dioxide or all greenhouse gases. We find that the regulatory policies substantially exceed the cost of a cap-and-trade system at the national level. We further show that the regulatory policies yield large cost disparities across regions and income groups, which are exaggerated by the difficulty of implementing revenue recycling provisions under regulatory policy designs.
| Author | : John Logan Palmer |
| Publisher | : |
| Total Pages | : 32 |
| Release | : 1978 |
| Genre | : Energy policy |
| ISBN | : |
| Author | : Pardeep Singh |
| Publisher | : John Wiley & Sons |
| Total Pages | : 356 |
| Release | : 2021-09-06 |
| Genre | : Science |
| ISBN | : 1119741556 |
Energy Global energy demand has more than doubled since 1970. The use of energy is strongly related to almost every conceivable aspect of development: wealth, health, nutrition, water, infrastructure, education and even life expectancy itself are strongly and significantly related to the consumption of energy per capita. Many development indicators are strongly related to per-capita energy consumption. Fossil fuel is the most conventional source of energy but also increases greenhouse gas emissions. The economic development of many countries has come at the cost of the environment. However, it should not be presumed that a reconciliation of the two is not possible. The nexus concept is the interconnection between the resource energy, water, food, land, and climate. Such interconnections enable us to address trade-offs and seek synergies among them. Energy, water, food, land, and climate are essential resources of our natural environment and support our quality of life. Competition between these resources is increasing globally and is exacerbated by climate change. Improving resilience and securing resource availability would require improving resource efficiency. Many policies and programs are announced nationally and internationally for replacing the conventional mode and also emphasizing on conservation of fossil fuels and reuse of exhausted energy, so a gap in implications and outcomes can be broadly traced by comparing the data. This book aims to highlight problems and solutions related to conventional energy utilization, formation, and multitudes of ecological impacts and tools for the conservation of fossil fuels. The book also discusses modern energy services as one of the sustainable development goals and how the pressure on resource energy disturbs the natural flows. The recent advances in alternative energy sources and their possible future growth are discussed and on how conventional energy leads to greenhouse gas formation, which reduces energy use efficiency. The different policies and models operating is also addressed, and the gaps that remained between them. Climate change poses a challenge for renewable energy, and thus it is essential to identify the factors that would reduce the possibility of relying on sustainable energy sources. This book will be of interest to researchers and stakeholders, students, industries, NGOs, and governmental agencies directly or indirectly associated with energy research.
