As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realize environmental and cost objectives, while ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics.

Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the 'markets' within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed.

The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy makers alike.

Contributors: G. Allan, C. Bataille, S. Blumsack, G. Borges da Silveira, A. de Oliveira, P. Ekins, J. Evans, M. Farsi, M. Filippini, R. Fouquet, C.W. Frei, D. Garis, L. Getachew, M. Gilmartin, R.L. Gordon, P.W. Graham, L.A. Greening, L.C. Hunt, H.G. Huntington, M. Jaccard, R. Kannan, C. Kemfert, L. Losekann, M.N. Lowry, R. Madlener, P. McGregor, K.B. Medlock III, C. Nakhle, D. Perekhodtsev, A. Plourde, L.J. Reedman, R.D. Ripple, J. Rosellon, D.L. Ryan, H. Saunders, S. Sorrell, N. Strachan, I. Sue Wing, J.K. Swales, T. Truong, K. Turner, W.D. Walls, T. Weyman-Jones, D. Young

Contents 1. A Brief History of Energy 2. The Theory of Energy Economics: An Overview 3. The Economics of Energy Supply 4. The Theory and Practice of Energy Policy 5. Energy Demand Theory 6. Empirical Modelling of Energy Demand 7. Economics of Energy Efficiency 8. Theoretical Foundations of the Rebound Effect 9. The Rebound Effect: Definition and Estimation 10. Modelling Energy Savings and Environmental Benefits from Energy Policies and New Technologies 11. Bottom-up Models of Energy: Across the Spectrum 12. The Structure and Use of the UK MARKAL Model 13. Combining Top-Down and Bottom-Up in Energy Economy Models 14. Computable General Equilibrium Models for the Analysis of Energy and Climate Policies 15. Energy-Economy-Environment Modelling - A Survey 16. The Oil Security Problem 17. Petroleum Taxation 18. The Behaviour of Petroleum Markets: Fundamentals and Psychologicals in Price Discovery and Formation 19. The Prospects for Coal in the Twenty-first Century 20. Natural Gas and Electricity Markets 21. Incentive Regulation of Energy Networks 22. The Economics and Regulation of Power Transmission and Distribution: The Developed World Case 23. The Market Structure of the Power Transmission and Distribution Industry in the Developed World 24. Incentive Mechanisms for Electricity Transmission Expansion 25. Efficiency Measurement in the Electricity and Gas Distribution Sectors 26. Wholesale Electricity Markets and Generators' Incentives: An International Review 27. Security of Supply in Large Hydropower Systems: The Brazilian Case 28. Electricity Retail Competition and Pricing: An International Review 29. Emissions Trading and the Convergence of Electricity and Transport Markets in Australia 30. International Energy Derivatives Markets 31. The Economics of Energy in Developing Countries 32. Energy Vision to Address Energy Security and Climate Change 33. Current Issues in the Design of Energy Policy