Energy Economics: Science, Policy, and Economic Applications

Energy Economics: Science, Policy, and Economic Applications provides an economic perspective on energy systems, analyzing the development of modern energy systems, the reliance on fossil fuels, and the transition to cleaner energy resources. It also considers the science and policy underlying important energy issues, such as nuclear energy and the climate crisis, emphasizing the importance of changes in fossil fuel consumption patterns to address environmental problems.

Format: Paperback / softback
Length: 378 pages
Publication date: 15 March 2022
Publisher: Lexington Books

Energy Economics: Science, Policy, and Economic Applications delves into the intricate world of energy systems, offering a comprehensive economic perspective. Through the lens of economics, the author explores the development of modern energy systems, examines the global reliance on fossil fuels, and analyzes the components necessary for a transition towards cleaner energy resources. Additionally, the book delves into the scientific and policy underpinnings of critical energy issues, particularly in the realm of nuclear energy and the climate crisis. It argues that without significant changes to the world's fossil fuel consumption patterns, an increase in energy demand will exacerbate environmental problems. This sobering reality underscores the significance of the book's analysis of primary energy sources, energy supply and demand, and energy systems.

Energy, as an essential component of our daily lives, holds immense importance. However, many individuals lack a comprehensive understanding of energy economics. This field encompasses the study of energy systems, their development, and the economic factors that influence their operation. It also delves into the global reliance on fossil fuels, the environmental consequences of their use, and the need for a transition towards cleaner energy sources.

In Energy Economics: Science, Policy, and Economic Applications, the author employs the tools of economics to analyze the development of modern energy systems. They explore the factors that have shaped these systems, including technological advancements, government policies, and market dynamics. The book sheds light on the challenges and opportunities associated with transitioning to renewable energy sources, such as solar, wind, and hydropower. It also examines the role of fossil fuels in powering our world and the economic implications of their continued use.

One of the key themes of the book is the analysis of energy supply and demand. The author examines how changes in population, economic growth, and technological innovation impact energy consumption patterns. They explore the factors that drive energy demand, such as urbanization, industrialization, and transportation, and the strategies employed to meet this demand. The book also discusses the role of energy storage technologies, such as batteries and pumped hydro storage, in managing fluctuations in energy supply and demand.

Another important aspect of energy economics is the consideration of energy systems. The author examines the various components of energy systems, including power generation, transmission, and distribution. They explore the technologies used in these systems, such as fossil fuel-fired power plants, renewable energy technologies, and energy efficiency measures. The book also discusses the economic implications of energy systems, such as the costs of energy production, transmission, and distribution, and the potential for energy subsidies and regulations to influence energy consumption and investment decisions.

In addition to the analysis of energy systems, Energy Economics: Science, Policy, and Economic Applications also delves into the scientific and policy underpinnings of critical energy issues. The book discusses the role of nuclear energy in addressing climate change, the risks and benefits associated with nuclear power plants, and the policies and regulations that govern nuclear energy development and disposal. It also examines the scientific evidence supporting climate change and the economic implications of mitigating and adapting to climate change.

The book argues that without significant changes to the world's fossil fuel consumption patterns, an increase in energy demand will exacerbate environmental problems. It highlights the need for a transition towards cleaner energy resources, including renewable energy sources and energy efficiency measures. The author emphasizes the importance of policy interventions, such as carbon pricing, renewable energy subsidies, and energy efficiency standards, in driving this transition.

Energy Economics: Science, Policy, and Economic Applications is a valuable resource for students, policymakers, and anyone interested in understanding the complex dynamics of energy systems and the economic factors that influence their operation. The book provides a comprehensive and interdisciplinary approach to energy economics, drawing on insights from economics, science, and policy. It offers a clear and accessible explanation of energy systems, their development, and the critical energy issues facing our world.

In conclusion, Energy Economics: Science, Policy, and Economic Applications is a must-read for anyone seeking to gain a deeper understanding of the complex world of energy systems and the economic factors that shape their operation. The book offers a comprehensive and interdisciplinary approach to energy economics, drawing on insights from economics, science, and policy. It provides a clear and accessible explanation of energy systems, their development, and the critical energy issues facing our world. By understanding the economic drivers of energy systems, we can develop more effective policies and strategies to address the challenges of climate change and ensure a sustainable future for generations to come.

Weight: 562g
Dimension: 220 x 155 x 28 (mm)
ISBN-13: 9781498586603