Climate Vulnerability, Volume 3


Book Description

Climate Vulnerability, Volume 3







Vulnerable Households in the Energy Transition


Book Description

This open access book explores the energy transition / energy poverty nexus in the European Union, including the implications of the transition and related policies for the household sector. Written by experts on energy economics, energy studies and related fields, it examines the impacts and costs of the energy transition (including those caused by carbon pricing) for the economy and for families in particular. Providing case studies on Germany, France, Italy, Spain and Greece, the contributing authors highlight current overlapping vulnerabilities for households, show the effects of decarbonization policies on relative prices, and discuss strategies for reducing energy poverty while also decarbonizing. Moreover, they address household and consumer vulnerabilities in connection with societal transformations such as demographic changes and the aging populations of Europe and particularly Italy. Given its scope, the book will appeal to scholars and students of energy studies, energy economics and related fields, and to anyone interested in the benefits and costs of the ongoing energy transition.




Energy Economics


Book Description

This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.




Institutional Economics and the Theory of Social Value: Essays in Honor of Marc R. Tool


Book Description

Marc R. Tool, both through his writings and his editorship of the Journal of Economic Issues, has had a profound influence on institutional economics. Tool's efforts, in his own words, "has been to keep values on the agenda of economic inquiry," which is another way of saying "keep economic inquiry relevant. " Tool's work on the theory of social value and instrumental valuation has helped to keep institutional economics focused on the core economic and social issues facing society, providing both a perspective from which to analyze the economy and a criteria for evaluating outcomes. This collection of essays is a testament to this legacy. Although these 15 chapters cover a wide and diverse range of topics, it is the common themes which are most striking: the inescapable necessity of values in economic discourse; the central role of valuation in economic activity; and most importantly, the requirement of democratic participation to achieve "efficient" solutions to the economic problem. These essays are offered to honor a body of work, a set of ideas, but mostly a man who, by directing economic inquiry to these core issues, has promoted "the continuity of human life and the noninvidious recreation of community through the instrumental use of knowledge.







The Distributional Implications of the Impact of Fuel Price Increases on Inflation


Book Description

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.




Energy Economics


Book Description

This book provides an introduction to energy economics. It shows how to apply general economic theory as well as empirical and advanced econometric methods to explain the drivers of energy markets and their development. Readers learn about the specific properties of energy markets as well as the physical, technological, environmental, and geopolitical particularities of energy sources and products. The book covers all types of energy markets, ranging from liquid fuels, gaseous fuels, and solid fuels to electricity. It also addresses emission allowances, energy efficiency, and nuclear risks. The authors discuss the engineering properties of energy technologies including renewables, the economics of natural resources and environmental protection, market liberalization, and energy trade as well as the experience of the German energy transformation. This book will serve students as a textbook and practitioners as a reference for their understanding of energy markets and their development.




Climate Vulnerability


Book Description

Climate change has been the subject of thousands of books and magazines, scientific journals, and newspaper articles daily. It’s a subject that can be very political and emotional, often blurring the lines between fact and fiction. The vast majority of research, studies, projections and recommendations tend to focus on the human influence on climate change and global warming as the result of CO2 emissions, often to the exclusion of other threats that include population growth and the stress placed on energy sources due to emerging global affluence. Climate Vulnerability, Five Volume Set seeks to strip away the politics and emotion that surround climate change and will assess the broad range of threats using the bottom up approach—including CO2 emissions, population growth, emerging affluence, and many others—to our five most critical resources: water, food, ecosystems, energy, and human health. Inclusively determining what these threats are while seeking preventive measures and adaptations is at the heart of this unique reference work. Takes a Bottom-Up approach, addressing climate change and the threat to our key resources at the local level first and globally second, providing a more accurate and inclusive approach. Includes extensive cross-referencing, which is key to readers as new connections between factors can be discovered. Cuts across a number of disciplines and will appeal to Biological Science, Earth & Environmental Science, Ecology, and Social Science, comprehensively addressing climate change and other threats to our key resources from multiple perspectives