Advertisement

The Economics of Environment Protection

  • Subhes C. BhattacharyyaEmail author
Chapter

Abstract

The objective of this chapter is to highlight the energy-environment interactions and present the economic principles used in dealing with the environmental issues arising from energy use. The chapter introduces the concept of externalities and discusses the methods available for internalizing them. It also discusses issues related to estimation of external costs.

Keywords

Environmental effects External costs Internalization Regulatory approach Economic instruments Cap and trade Taxes External cost estimation 

References

  1. Baumol, W. J., & Oates, W. E. (1988). The theory of environmental policy. Cambridge University Press.Google Scholar
  2. Benkovic, S., & Kruger, J. (2001). To trade or not to trade? Criteria for applying cap and trade. The Scientific World, p. 1. Retrieved from http://www.epa.gov/airmarkets/articles/tradingcriteria.pdf.
  3. Bhattacharyya, S. C. (1995). The power generation and environment: A review of the Indian case. International Journal of Energy Research, 19(3), 185–198.CrossRefGoogle Scholar
  4. BP Statistical Review of World Energy. (2017). BP plc, London.Google Scholar
  5. Cole, D., & Grossman, P. Z. (1999). When in command and control efficient? Institutions, technology and the comparative efficiency of alternative regulatory regimes for environmental protection. Wisconsin Law Review, 1999, 887–938.Google Scholar
  6. Duan, L., Yu, Q., Zhang, Q., Wang, Z., Pan, Y., Larssen, T., et al. (2016). Acid deposition in Asia: Emissions, deposition, and ecosystem effects. Atmospheric Environment, 146, 55–69.CrossRefGoogle Scholar
  7. ECOFYS. (2014). Subsidies and costs of EU energy. Final Report (for project DESNL14583), Utrecht, The Netherlands. Retrieved from August 1, 2018, from https://ec.europa.eu/energy/sites/ener/files/documents/ECOFYS%202014%20Subsidies%20and%20costs%20of%20EU%20energy_11_Nov.pdf.
  8. EEA. (2017). Air quality in Europe—2017 report. European Environment Agency, Luxembourg. Retrieved from https://www.eea.europa.eu/publications/air-quality-in-europe-2017.
  9. Grossman, G. M., & Krueger, A. B. (1995). Economic growth and the environment. The Quarterly Journal of Economics, 110(2), 353–377.CrossRefGoogle Scholar
  10. IPCC. (2006). 2006 Guidelines for National Greenhouse gas inventories. Intergovernmental Panel of Climate Change, Institute for Global Environment Strategies, Japan: IPCC National Greenhouse Gas Inventories Program.Google Scholar
  11. IPCC. (2014). Climate change 2014: Synthesis report. Assessment Report 5, Intergovernmental Panel on Climate Change, Geneva. Retrieved from https://www.ipcc.ch/pdf/assessment-report/ar5/syr/AR5_SYR_FINAL_All_Topics.pdf.
  12. Kaika, D., & Zervas, E. (2013). The Environmental Kuznets Curve (EKC) theory—Part A: Concept, causes and the CO2 emissions case. Energy Policy, 62, 1392–1402.CrossRefGoogle Scholar
  13. Krzyzanowski, M., Apte, J. S., Bonjour, S. P., Brauer, M., Cohen, A. J., & Pruss-Ustun, A. (2014). Air pollution in the maga-cities, current environmental. Health Reports, 1(3), 185–191.Google Scholar
  14. Levinson, A., & Shetty, S. (1992). Efficient environmental regulation: Case studies of urban air pollution, Los Angeles, Mexico City, Cubatao and Ankara. Policy Research Working Papers, WP-942, World Bank, Washington, DC.Google Scholar
  15. Menz, F. C., & Seip, H. M. (2004). Acid rain in Europe and the United States: An update. Environmental Science & Policy, 7(4), 253–265.CrossRefGoogle Scholar
  16. Panayotou, T. (1994). Economic Instruments for environmental management and sustainable development. UNEP paper 16, UNEP, Nairobi.Google Scholar
  17. Pearce, D., Turner, K., & Bateman, I. (1994). Environmental economics: An elementary introduction. John Hopkins University Press.Google Scholar
  18. Reynolds, T. W., Waddington, S. R., Anderson, C. L., Chew, A., True, Z., & Cullen, A. (2015). Environmental impacts and constraints associated with the production of major food crops in Sub-Saharan Africa and South Asia. Food Security, 7(4), 795–822.CrossRefGoogle Scholar
  19. Sovacool, B. (2014). Environmental issues, climate changes and energy security in developing Asia. ADB Economics Working Paper 399, Asian Development Bank, Manila. Retrieved August 1, 2018, from https://www.adb.org/sites/default/files/publication/42604/ewp-399.pdf.
  20. Stern, D. I. (2003). The environmental Kuznets curve. Encyclopedia of Ecological Economics. Retrieved from http://www.ecoeco.org/pdf/stern.pdf.
  21. Stern, D. I. (2004). The rise and fall of the Environmental Kuznets Curve. World Development, 32(8), 1419–1439.CrossRefGoogle Scholar
  22. Sundqvist, T. (2004). What causes the disparity of electricity externality estimates? Energy Policy, 32(15), 1753–1766.CrossRefGoogle Scholar
  23. Sundqvist, T., & Soderholm, P. (2002). Valuing the environmental impacts of electricity generation: A critical survey. The Journal of Energy Literature, 8(2).Google Scholar
  24. Tietenberg, T. (2001). Environmental economics and policy. Boston: Addison Wesley.Google Scholar
  25. UN. (2009). World urbanisation prospects: The 2009 revision. Department of Economic and Social Affairs, United Nations, New York.Google Scholar
  26. UNDP. (2004). World energy assessment: Overview 2004 update. New York: United National Development Programme.Google Scholar
  27. UNEP. (2002). Global environment outlook 3: Past, present and future outlook. Nairobi: United Nations Environment Programme.Google Scholar
  28. Viscusi, W. K., Vernon, J. H., & Harrington, J. E., Jr. (2000). Economics of regulation and antitrust. London: MIT Press.Google Scholar
  29. Vukina, T. (1992). Energy and the environment—Some key issues. EDI Working Papers, World Bank, Washington, DC.Google Scholar
  30. Webber, D., & Allen, D. (2010). Environmental Kuznets Curves: Mess or meaning? International Journal of Sustainable Development and World Ecology, 17(3), 198–207.CrossRefGoogle Scholar
  31. WEC. (2000). World Energy Assessment 2000, Chapter 3: Energy, the environment and health. World Energy Council, London.Google Scholar
  32. WEO. (2017). World Energy Outlook 2017. Paris: International Energy Agency.Google Scholar
  33. World Bank. (1992). World Development Report, World Bank.Google Scholar

Copyright information

© Springer-Verlag London Ltd., part of Springer Nature 2019

Authors and Affiliations

  1. 1.Institute of Energy and Sustainable DevelopmentDe Montfort UniversityLeicesterUK

Personalised recommendations