This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. 

The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples.

This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.

This book introduces the basic concepts of energy economics and explains how simple economic tools can be used to analyze contemporary energy issues. It gives the reader a thorough grounding in various key aspects of the subject.

Since its modest beginning in the 1970s, the academic and research focus on energy has grown substantially and energy has established itself as an independent, interdisciplinary subject area. It attracts attention from people in a range of different fields including engineers, scientists, geologists, environmentalists, bankers, investors, policy makers and politicians. Energy Economics introduces the basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues.

Energy Economics is organised into six parts that give the reader a thorough grounding in various key aspects of the subject:

• basic demand-related concepts and ideas used in energy economics;
• supply-side economics;
• energy markets, with specific emphasis on oil, gas and coal;
• the application of simple economic principles in analysing contemporary energy issues;
• environmental aspects of energy use; and
• regulatory and governance issues.

Energy Economics is an easily accessible reference book for students of energy economics at the postgraduate level, as well as for a wider interdisciplinary audience. It provides readers with the skills required to understand and analyse complex energy issues from an economic perspective.

New feature

This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. 

The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples.

This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.

1. Introduction to energy economics Part 1: Concepts 2. Economic concepts applied to the energy sector 3. Energy data and energy balance 4. Energy demand analysis 5. Energy demand forecasting 6. Economic analysis of investments 7. Economics of non-renewable energy supply 8. Economics of renewable energy supply 9. Energy Pricing and taxation 10. Economics of environment protection Part 2: Issues 11. Energy challenges 12. Energy and Sustainable Development 13. Energy Security Issues 14. Impact of price volatility 15. Energy Investment issues 16. Energy Access 17. Pollution control from stationary sources 18. Pollution control from mobile sources 19. Energy saving and energy efficiency improvements Part 3: Markets 20. International oil market 21. Natural gas market 22. Coal market 23. Electricity market 24. Carbon market Part 4: Governance 25. Institutional perspectives in energy 26. Energy sector regulation 27. Reform and restructuring of the energy sector 28. Regional energy integration and international cooperation