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The threats posed by global warming continue to dominate environmental concerns. Central to this is the part played by greenhouse gas emissions. While various means of curbing these have been considered, most credence is given to some sort of price-based control. Global Warming and Energy Demand brings together a range of current views on this subject. The authors of this book consider the responsiveness of energy markets to economic controls in order to assess the feasibility of reducing the emission of greenhouse gases. With the focus on global warming, they address both aggregate energy elasticities as well as those for individual fuels with different carbon contents. Moreover, in light of the long-term consequences of global warming as well as policies designed to mitigate it, the work emphasizes the importance of distinguishing between long and short-run elasticities. Other substantive issues such as the importance of the structural characteristics of the energy market and autonomous improvements in energy efficiency are also discussed.
The authors are drawn from diverse backgrounds and interests which are reflected in the different approaches employed and the scope of the book. Jago Atkinson Welsh Development Agency, Cardiff, Terry Barker University of Cambridge, Laurence Boone London Business School, Paul Ekins Birkbeck College, University of London
The threats posed by global warming continue to dominate environmental concerns. Central to this is the part played by greenhouse gas emissions. While various means of curbing these have been considered, most credence is given to some sort of price-based control. Global Warming and Energy Demand brings together a range of current views on this subject. The authors of this book consider the responsiveness of energy markets to economic controls in order to assess the feasibility of reducing the emission of greenhouse gases. With the focus on global warming, they address both aggregate energy elasticities as well as those for individual fuels with different carbon contents. Moreover, in light of the long-term consequences of global warming as well as policies designed to mitigate it, the work emphasizes the importance of distinguishing between long and short-run elasticities. Other substantive issues such as the importance of the structural characteristics of the energy market and autonomous improvements in energy efficiency are also discussed.
The authors are drawn from diverse backgrounds and interests which are reflected in the different approaches employed and the scope of the book. Jago Atkinson Welsh Development Agency, Cardiff, Terry Barker University of Cambridge, Laurence Boone London Business School, Paul Ekins Birkbeck College, University of London
List of tables List of figures List of Contributors Preface 1. Global warming and energy elasticities Terry Barker, Paul Ekins and Nick Johnstone Part 1: Estimating long-term energy elasticities 2. Alternative approaches to estimating long-run energy demand elasticities: an application to Asian developing countries Ron Smith and M Hashem Pesaran 3. A survey of international energy elasticities Neil Manning and Jago Atkinson 4. Long-run demand elasticities for gasoline Thomas Sterner and Mikael Franzen 5. Responses of energy demand in UK manufacturing to the energy price increases of 1973 and 1979/80 Alan Ingham 6. Elasticities for OECD aggregate final energy demand Lakis Vouyoukas 7. Modelling UK energy demand Derek Hodgson and Keith Miller Part II: Energy, the economy and greenhouse gas abatement 8. Endogenous technological progress in fossil fuel demand Laurence Boone, Stephen Hall, David Kemball-Cook and Clare Smith 9. UK energy price elasticities and their implications for long-term CO2 abatement Terry Barker 10. Price elasticity and market structure - overcoming obstacles to ensure energy efficiency Tim Jackson 11. Rethinking the use of energy elasticities Stefan P Schleicher 12. Revisiting the costs of CO2 abatement Paul Ekins 13. Asymmetrical price elasticities of energy demand Michael Grubb 14. Conclusions Terry Barker, Paul Ekins and Nick Johnstone Bibliography Index
Terry Barker, Paul Ekins, Nick Johnstone
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