Encyclopedia of Energy, Natural Resource, and Environmental Economics

1st Edition

Editor-in-Chiefs: Jason Shogren
Hardcover ISBN: 9780123750679
eBook ISBN: 9780080964522
Imprint: Elsevier Science
Published Date: 5th April 2013
Page Count: 1056
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Institutional Access


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.

Key Features

  • The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler!
  • Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics
  • This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government


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

Table of Contents

Editor in Chief

Section Editors

Editor Biographies


Permission Acknowledgments

Volume 1: ENERGY

Climate Change and Policy

Carbon Cap and Trade

Cap and Trade Defined

Cap and Trade Versus Tax

Cap-and-Trade Design Principles

Cap-and-Trade Experience


See also

Further Reading


Carbon Offsets


Certifying Carbon Offsets: Challenges

Carbon Offsets from Forests Conservation

Further Reading

Relevant Websites


Carbon Taxes


Carbon Taxes in Practice

Design Issues

Incidence of a Carbon Tax

Instrument Choice

See also

Further Reading

Relevant Websites

Clean Development Mechanism

Introduction: The Organization of the Clean Development Mechanism

The Distribution of CDM Projects According to Region and Type

The CDM: Debated Issues

Conclusion: The Role of the CDM Post Kyoto

See also

Further Reading

Relevant Websites


Climate Change and Food Situation*

Food Situation

What’s Expected with Climate Change?

Climate Change Impacts on Agriculture and Food

Mitigation Policies and Their Impacts on Agriculture and Food


See also

Further Reading

Relevant Websites

Glossary Terms

Dealing with the Uncertainty About Climate Change

Sources of Uncertainty

Addressing Uncertainty in Climate Change

The Implications of Uncertainty

See also

Further Reading


Double Dividend


The Tax Interaction Effect

Interpreting the Tax Interaction Findings

Double Dividends for Special Cases

Summary and Conclus


No. of pages:
© Elsevier Science 2013
Elsevier Science
eBook ISBN:
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About the Editor-in-Chief

Jason Shogren

Jason Shogren is the Stroock Professor of Natural Resource Conservation and Management and Chair of the Department of Economics and Finance at the University of Wyoming, his alma mater. He works on the economics of environmental and natural resource policy. Shogren is a foreign member of the Royal Swedish Academy of Sciences, and has served as professor to the King of Sweden, a lead author for the Intergovernmental Panel on Climate Change, and as a senior economist on the Council of Economic Advisers in the White House. He likes music and fishing.

Photograph © Ted Brummond

Affiliations and Expertise

University of Wyoming, USA


"This exhaustive work is greatly enriched by being part of ScienceDirect…, which offers superb searching/navigation mechanisms for locating some 130 articles by nearly 200 contributors. The content is excellent and wide-ranging…the integration of a major reference work with other sources creates a cohesive context for understanding the complex and vexing economic challenges underpinning environmental issues. Summing Up: Highly recommended." --Choice Reviews Online, April 2014