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.
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Notes
- 1.
Encyclopedia of the Atmospheric Environment, http://www.ace.mmu.ac.uk/eae/english.html.
- 2.
Megacities are cities with a population exceeding 10 million.
- 3.
- 4.
See Chap. 4, Baumol and Oates (1988) for details.
- 5.
Chapter 3, Sect. 4 of Baumol and Oates (1988).
- 6.
See Pearce et al. (1994) for more details.
- 7.
For further details consult, Tietenberg (2001).
- 8.
Extracted from Baumol and Oates (1988).
- 9.
This example is taken from Viscusi et al. (2000).
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Bhattacharyya, S.C. (2011). The Economics of Environment Protection. In: Energy Economics. Springer, London. https://doi.org/10.1007/978-0-85729-268-1_23
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