Encyclopedia of Energy, Natural Resource, and Environmental Economics book cover

Encyclopedia of Energy, Natural Resource, and Environmental Economics

Every decision about energy involves its price and cost.  The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere.  Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. 

For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources:

  • energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy
  • resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests
  • environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution

Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview.


University and research libraries, especially with collections in economics or earth sciences; corporations engaged in these utility services: electric power, natural gas, steam supply, water supply, and sewage removal; and government agencies regulating these utilities in the generation, transmission, and distribution of energy and the treatment of waste.

Hardbound, 1056 Pages

Published: April 2013

Imprint: Elsevier

ISBN: 978-0-12-375067-9


  • 1. Energy

    Climate change and policy

    Carbon Cap and Trade

    Carbon Offsets

    Carbon Taxes

    Clean Development Mechanism

    Climate change and food situation

    Dealing with the Uncertainty about Climate Change

    Double Dividend

    Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy

    Intergovernmental Panel on Climate Change (IPCC)

    International Climate Treaties and Coalition Building

    1. Energy

    Markets/technology innovation/adoption/diffusion

    Diffusion of Energy-saving technologies

    Energy-efficiency gap

    Impacts of Innovation: Lessons from the Empirical Evidence

    Modeling Technological Change in Economic Models of Climate Change

    Policy Incentives for Energy and Environmental Technological Innovation: Lessons from the Empirical Evidence

    Technological change and climate-change policy

    Technological Change and the Marginal Cost of abatement

    Technological lock-in

    Technology and environmental policy

    1. Energy

    Non-renewable Fossil/Nuclear/Electricity Markets

    Coal: Prospects in the Twenty-First Century-Exhaustion Trumped by Global Warming?

    Economics of Peak Oil

    Green Micro-Accounting for Oil Extraction

    Modeling Reserve Growth in Natural Gas Fields

    Natural Gas Networks

    Price Dynamics in Domestic Energy Markets

    1. Energy

    Renewable/Alternative 1. Energy

    Economic Implications of Wind Power Intermittency

    Economics of Biofuels: An Overview

    Economics of Technology Learning in Wind Power

    Economics of Wind Power: An Introduction

    Hydropower Economics: An Overview

    Measuring the Environmental Externalities of Offshore Wind Power: The Case of Visual Disamenities

    Measuring the Environmental Externalities of Onshore Wind Power

    Residential Energy Demand

    2. Resources

    Media non-biological

    Economics of Exploration for and Production of Exhaustible Resources

    Economics of Groundwater

    Economics of Market Power in the Extraction of Nonrenewable Resources

    Theory and Practice of Fisheries and Water Economics

    2. Resources

    Media: Biological

    Economics and Ecology of Open-Access Fisheries

    Economics of Agricultural Residuals and Overfertilization: Chemical Fertilizer Use, Livestock Waste, Manure Management, and Environmental Impacts

    Economics of Pest Control

    Hunting and Exploitation of Terrestrial Animal Species


    2. Resources


    Economic Analysis of Forest Product Markets

    Forest Management and Climate Change

    Joint Production of Good and Bad Outputs with a Network Application

    Spatial Management of Renewable Natural Resources

    Voluntary resource conservation and environmental management in agriculture and forestry

    2. Resources

    Policy Tools

    Conservation Easements: Tools for Conserving and Enhancing Ecosystem Services

    Deforestation and Forest Degradation: Concerns, Causes, Policies and their Impacts

    Exclusive Economic Zone

    Externality Regulation in Oil and Gas

    Fishery Cooperatives as a Management Institution

    Forest taxation

    Individual transferable quotas in fisheries

    International Trade and the Conservation of Renewable 2. Resources

    Land Use Policies in the U.S. for Protecting Biodiversity and Ecosystem Services

    Protecting Marine Ecosystems in Fishery Regulation

    Regulated Open Access and Regulated Restricted Access Fisheries

    Taxation of Nonrenewable Resources

    Territorial Use Rights in Fisheries (TURF)

    Tree Plantations and Genetics in Forestry

    Water Crises, Water Rights, and Water Markets

    2. Resources

    Theoretical Tools

    Carbon Leakage

    Cartel versus Fringe Models

    Differential Games and Resources

    Diffusion and Spatial Aspects


    Experiments on Common Property Management

    Games and Resources

    Green Paradox

    Hartwick's Rule

    Optimal Control and Resources

    Option Value and Precaution

    Regime Shift and Management

    Regime Shifts: Early Warnings

    3. Environment

    Allocation Tools

    Bayesian Decision Theory and Climate Change

    Coasean Bargaining

    Environmental and Natural Resource Economics: Decisions under Risk and Uncertainty

    Environmental Cost-Benefit Analysis

    Environmental Ethics for Environmental Economists

    Ethics, Economics, and Decision Rules for Climate Change

    Governance of Common-Pool Resources

    Lindahl Pricing for Public Goods and Experimental Auctions for the Environment

    Managing Catastrophic Risk

    Optimization Across Space

    Payments for Ecosystem Services: Mechanisms to Achieve Desired Landscape Patterns

    Property Rights and the Environment

    3. Environment


    Agricultural Sources of Water Pollution

    Economics of Pesticide Use and Regulation

    Hazardous Substances

    Local/Regional Air Pollution from Stationary Sources

    Waste Disposal and Recycling

    Water Pollution from Industrial Sources

    Water Pollution from Oil Spills

    Wetlands and Coastal Estuaries

    3. Environment


    Deposit-Refund Systems in Practice and Theory


    Economics of Nonpoint Pollution


    European Union’s Emissions Trading Scheme

    Green Tax Design in the Real (Second-Best) World

    Information Programs

    Liability Rules and the Environment

    Price Instruments

    Prices versus Quantities

    Quantity Instruments

    SO2 Program


    Superfund Program

    Voluntary Approaches to Environmental Protection

    3. Environment

    Political Economy

    Contest Models and Environmental Policy

    Democracy, Political Institutions, and Environmental Policy

    Empirical Methods for Political Economy Analyses of Environmental Policy

    Environmental Conflict and Natural Resources

    Environmental Federalism: Empirics

    Environmental Justice: The Experience of the United States

    Lobbying, Voting and Environmental Policy: Theory

    Political Acceptability of Incentive-based Mechanisms

    Political Economy and the Interaction between International Trade and Environmental Policies

    Political Economy of Instrument Choice

    Political Economy of International Environmental Agreements

    Strategic Environmental Policy

    3. Environment

    Valuation Tools

    Averting Behavior

    Benefit Transfer

    Contingent Valuation Method


    Travel Cost Model

    Value of a Statistical Life


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