Energy consumption and production have major influences on the economy, environment, and society, but in return they are also influenced by how the economy is structured, how the social institutions work, and how the society deals with environmental degradation. The need for integrated assessment of the relationship between energy, economy, environment, and society is clear, and this handbook offers an in-depth review of all four pillars of the energy-economy-environment-society nexus.
Bringing together contributions from all over the world, this handbook includes sections devoted to each of the four pillars. Moreover, as the financialization of commodity markets has made risk analysis more complicated and intriguing, the sections also cover energy commodity markets and their links to other financial and non-financial markets. In addition, econometric modeling and the forecasting of energy needs, as well as energy prices and volatilities, are also explored. Each part emphasizes the multidisciplinary nature of the energy economics field and from this perspective, chapters offer a review of models and methods used in the literature.
The Routledge Handbook of Energy Economics will be of great interest to all those studying and researching in the area of energy economics. It offers guideline suggestions for policy makers as well as for future research.
Author(s): Uğur Soytaş, Ramazan Sarı
Publisher: Routledge
Year: 2019
Cover
Half Title
Title
Copyright
Contents
List of figures
List of tables
List of contributors
Preface
Introduction
PART I Energy and economy
1 Energy demand
2 Energy and economic growth
3 Oil prices and the macroeconomy
4 Economics of renewable energy
5 Energy efficiency and economy-wide rebound: realizing a net gain to society?
6 Economic impacts of the energy transition
7 Electricity market integration
8 Analysis of macroeconomic impacts of energy security improvements in Asia
PART II Energy and environment
9 Energy and climate
10 Carbon emissions and energy use
11 Energy economics and environment of energy systems
12 Renewable energy policy
13 The energy-water nexus
14 Low carbon economy and smart grids
15 The role of carbon pricing in the Paris Agreement
PART III Energy and society
16 The impact of climate change and the social cost of carbon
17 Energy and the public: the economic relevance of citizens’ engagement
18 Quality of life and energy use: is there a fair energy use level?
19 Responsible investment
20 Energy economics as an energy justice dilemma: case studies of normative trade-offs in Malawi, Mexico, and Germany
PART IV Energy and other markets
21 Oil spot and futures prices
22 Oil and stock prices
23 The role of oil price volatility in the real and financial economy: a survey review
24 Mutual funds and the energy sector
25 Oil prices and other energy commodities
26 Oil and agricultural commodity prices
27 Oil prices and exchange rates
28 Volatility spillovers on oil and forex markets
29 Economic and social challenges of smart grids
PART V Energy modeling
30 CGE models in energy economics
31 A methodological framework for assessing macroeconomic impacts of energy security improvements in Asia
32 Top-down and bottom-up models
33 Macro-econometric and structural models
34 Index decomposition analysis: models and applications
35 Electricity price forecasting
36 Paths and processes in complex electricity markets: the agent-based perspective
37 Behavioral economics and energy market
38 The use of foresight in energy policy
39 Multi-criteria decision analysis for energy policy
Index
