An Introduction to Energy Economics and Policy

Energy economics and policy are at the heart of current debates regarding climate change and the switch from fossil fuels to renewable forms of energy. They are also crucial in dealing with energy supply and security issues caused by global shocks such as the war in Ukraine. An Introduction to Energy Economics and Policy outlines pressing issues concerning current global energy systems, particularly energy production and use. It presents economic frameworks for valuating policy goals and for understanding the major energy and climate challenges faced by industrialized and developing countries. Integrating insights from behavioural economics into the standard neoclassical approach, particularly the role of behavioural anomalies, this book offers a novel introduction to energy economics and policy and provides a fresh perspective on real-world issues in energy and climate. This title is also available as open access on Cambridge Core.

Contents; 1. Energy economics and current energy systems; 2. Market failures and behavioural anomalies; 3. Energy demand – theory and empirical analysis; 4. Economic analysis of energy investments; 5. Economics of energy efficiency; 6. Energy related market forms; 7. Market-based economic instruments; 8. Non-market-based instruments; 9. Policy choice and evaluation; Bibliography; List of Terms; Alphabetical index.

Massimo Filippini is a Full Professor in Economics at ETH Zurich and at USI. He is director of the Centre for Energy Policy and Economics at ETH Zürich. He has been a visiting scholar at MIT and Harvard University, and published over 70 scientific articles in energy and environmental economics.
Suchita Srinivasan is a postdoctoral researcher and lecturer at ETH Zurich. She studies environmental and energy-related issues in developing countries, as well as behavioural factors that hinder adoption of energy-efficient technologies. She has published papers in several field journals.