The utility regulation framework developed in the UK in the 1980s, and widely adopted internationally, was intended to improve on the restrictive, inefficient and burdensome regulatory approach in the U.S. But the UK regulatory process has itself now become increasingly burdensome. Meanwhile, utilities and customer groups in the U.S. and Canada have developed methods of…
Number 1
ISSN 2160-5890 (Online)
Reforming Competitive Electricity Markets to Meet Environmental Targets
The UK and other EU countries are concerned to deliver secure, sustainable and affordable electricity, to meet challenging targets for decarbonisation and renewable energy. The UK Government has consulted and concluded that the present electricity market arrangements will not deliver all three goals, and has proposed a major Electricity Market Reform (EMR). This article describes…
The Long Run Demand for Lighting:Elasticities and Rebound Effects in Different Phases of Economic Development
The provision of artificial light was revolutionised by a series of discontinuous innovations in lighting appliances, fuels, infrastructures and institutions during the nineteenth and twentieth centuries. In Britain, the real price of lighting fell dramatically (3,000-fold between 1800 and 2000) and quality rose. Along with rises in real income and population, these developments meant that…
The New Energy-industrial Revolution and International Agreement on Climate Change
At the heart of the analysis of, and progress on, action on climate change, at both country and international levels, must be an understanding of three sets of issues. The first concerns scale: of the risks from unmanaged climate change; of the necessary response; and of the great economic and social opportunities from the new…
Some Political Economy of Global Warming
After recent disillusions, international climate change negotiations need to be jumpstarted. This paper first argues that countries’ strategic positioning will increase the cost of delay beyond that associated with the classic free-riding problem. It then investigates the governance of an agreement and the design of negotiation and compensation, emphasizing political economy considerations. The paper concludes…
Book Reviews
Back Matter
Back
Front Matter
Economics of Energy & Environmental Policy: Vision, Purpose and Goals
The creation of a new journal called ‘Economics of Energy & Environmental Policy’ (EEEP) was based on a vision of the critical energy and environmental challenges facing the world in the period out to 2050. On the one hand, what investment, infrastructures, resource discoveries, technology innovation and market arrangements are necessary to make enough energy…