Edited by Roger Fouquet, Associate Professorial Research Fellow, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, UK

’With increasing focus on the negative impacts of climate change, this book addresses a gap in the field of energy and climate change economics by providing a comprehensive overview of the state of research in this area. Dividing the contents into seven distinct sections allows for easy navigation of the material and encompasses wide ranging topics from the markets for fossil fuels, to governance, to energy policy and implications.'

• Contents: IntroductionRoger Fouquet PART I: FOSSIL FUEL MARKETS1. Oil Prices, Exhaustible Resources and Economic GrowthJames D. Hamilton2. Gas Markets: Past, Present and FuturePaul Stevens 3. The Likelihood and Potential Implications of a Natural Gas CartelSteven A. Gabriel, Arild Moe, Knut Einar Rosendahl and Marina Tsygankova 4. Global Steam Coal Markets until 2030: Perspectives on Production, Trade and Consumption under Increasing Carbon ConstraintsClemens Haftendorn, Franziska Holz, Claudia Kemfert and Christian von Hirschhausen PART II: ELECTRICITY MARKETS5. The Future of the (US) Electric GridHenry D. Jacoby, John G. Kassakian and Richard Schmalensee 6. Increasing the Penetration of Intermittent Renewable Energy: Innovation in Energy Storage and Grid ManagementNick Johnstone and Ivan Haščič 7. Electric Vehicles: Will Consumers Purchase Them? Henry Lee and Grant LovellettePART III: ENERGY POLICY8. The Contribution of Energy Efficiency Towards Meeting CO2 TargetsJoanne Evans, Massimo Filippini and Lester C. Hunt9. Economic Analysis of Feed-in Tariffs for Generating Electricity from Renewable Energy Sources G. Cornelis van Kooten10. A Renewable Energy Future?Michael Jefferson11. Energy Policy: A Full Circle?Colin RobinsonPART IV: CLIMATE AGREEMENTS12. Anthropogenic Influences on Atmospheric CO2David F. Hendry and Felix Pretis13. International Cooperation on Climate Change: Why is there so Little Progress?Bjart Holtsmark 14. Long Live the Kyoto Protocol!Richard S.J. Tol15. Designing a Bretton Woods Institution to Address Global Climate ChangeJoseph E. Aldy PART V: CARBON MITIGATION POLICIES 16. Fiscal Instruments for Climate FinanceIan Parry 17. How High Should Climate Change Taxes Be?Chris Hope 18. State-Contingent Pricing as a Response to Uncertainty in Climate PolicyRoss McKitrick 19. Climate Change, Buildings and Energy PricesAlberto Gago, Michael Hanemann, Xavier Labandeira and Ana Ramos 20. Using Micro Data to Examine Causal Effects of Climate PolicyCaterina Gennaioli, Ralf Martin and Mirabelle Muûls 21. Carbon Trading: Past, Present and FutureJulien Chevallier 22. Moral Positions on Tradable Permit MarketsSnorre Kverndokk 23. The European CO2 Allowances Market: Issues in the Transition to Phase IIIChristian de Perthuis and Raphaël Trotignon PART VI: LOW-CARBON BEHAVIOUR AND GOVERNANCE24. The Role of Behavioural Economics in Energy and Climate PolicyMichael G. Pollitt and Irina Shaorshadze 25. Valuing Nature for Climate Change Policy: From Discounting the Future to Truly Social DeliberationJohn M. Gowdy 26. Individual Consumers and Climate Change: Searching for a New Moral CompassTanya O’Garra 27. Decentralization of Governance in the Low-Carbon Transition Nick Eyre 28. Is a Global Crisis Required to Prevent Climate Change? A Historical–Institutional PerspectiveEdward B. Barbier PART VII: LOW-CARBON GROWTH29. Prosperity with Growth: Economic Growth, Climate Change and Environmental LimitsCameron Hepburn and Alex Bowen 30. Should we Sustain? And if so, Sustain What? Consumption or the Quality of Life? Humberto Llavador, John E. Roemer and Joaquim Silvestre 31. At the Crossroads: Can China Grow in a Low-Carbon Way?Julien Chevallier 32. Low-Carbon Economy: Dark Age or Golden Age?Roger FouquetIndex

Edited by Roger Fouquet, Associate Professorial Research Fellow, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, UK

’With increasing focus on the negative impacts of climate change, this book addresses a gap in the field of energy and climate change economics by providing a comprehensive overview of the state of research in this area. Dividing the contents into seven distinct sections allows for easy navigation of the material and encompasses wide ranging topics from the markets for fossil fuels, to governance, to energy policy and implications.'

• Contents: IntroductionRoger Fouquet PART I: FOSSIL FUEL MARKETS1. Oil Prices, Exhaustible Resources and Economic GrowthJames D. Hamilton2. Gas Markets: Past, Present and FuturePaul Stevens 3. The Likelihood and Potential Implications of a Natural Gas CartelSteven A. Gabriel, Arild Moe, Knut Einar Rosendahl and Marina Tsygankova 4. Global Steam Coal Markets until 2030: Perspectives on Production, Trade and Consumption under Increasing Carbon ConstraintsClemens Haftendorn, Franziska Holz, Claudia Kemfert and Christian von Hirschhausen PART II: ELECTRICITY MARKETS5. The Future of the (US) Electric GridHenry D. Jacoby, John G. Kassakian and Richard Schmalensee 6. Increasing the Penetration of Intermittent Renewable Energy: Innovation in Energy Storage and Grid ManagementNick Johnstone and Ivan Haščič 7. Electric Vehicles: Will Consumers Purchase Them? Henry Lee and Grant LovellettePART III: ENERGY POLICY8. The Contribution of Energy Efficiency Towards Meeting CO2 TargetsJoanne Evans, Massimo Filippini and Lester C. Hunt9. Economic Analysis of Feed-in Tariffs for Generating Electricity from Renewable Energy Sources G. Cornelis van Kooten10. A Renewable Energy Future?Michael Jefferson11. Energy Policy: A Full Circle?Colin RobinsonPART IV: CLIMATE AGREEMENTS12. Anthropogenic Influences on Atmospheric CO2David F. Hendry and Felix Pretis13. International Cooperation on Climate Change: Why is there so Little Progress?Bjart Holtsmark 14. Long Live the Kyoto Protocol!Richard S.J. Tol15. Designing a Bretton Woods Institution to Address Global Climate ChangeJoseph E. Aldy PART V: CARBON MITIGATION POLICIES 16. Fiscal Instruments for Climate FinanceIan Parry 17. How High Should Climate Change Taxes Be?Chris Hope 18. State-Contingent Pricing as a Response to Uncertainty in Climate PolicyRoss McKitrick 19. Climate Change, Buildings and Energy PricesAlberto Gago, Michael Hanemann, Xavier Labandeira and Ana Ramos 20. Using Micro Data to Examine Causal Effects of Climate PolicyCaterina Gennaioli, Ralf Martin and Mirabelle Muûls 21. Carbon Trading: Past, Present and FutureJulien Chevallier 22. Moral Positions on Tradable Permit MarketsSnorre Kverndokk 23. The European CO2 Allowances Market: Issues in the Transition to Phase IIIChristian de Perthuis and Raphaël Trotignon PART VI: LOW-CARBON BEHAVIOUR AND GOVERNANCE24. The Role of Behavioural Economics in Energy and Climate PolicyMichael G. Pollitt and Irina Shaorshadze 25. Valuing Nature for Climate Change Policy: From Discounting the Future to Truly Social DeliberationJohn M. Gowdy 26. Individual Consumers and Climate Change: Searching for a New Moral CompassTanya O’Garra 27. Decentralization of Governance in the Low-Carbon Transition Nick Eyre 28. Is a Global Crisis Required to Prevent Climate Change? A Historical–Institutional PerspectiveEdward B. Barbier PART VII: LOW-CARBON GROWTH29. Prosperity with Growth: Economic Growth, Climate Change and Environmental LimitsCameron Hepburn and Alex Bowen 30. Should we Sustain? And if so, Sustain What? Consumption or the Quality of Life? Humberto Llavador, John E. Roemer and Joaquim Silvestre 31. At the Crossroads: Can China Grow in a Low-Carbon Way?Julien Chevallier 32. Low-Carbon Economy: Dark Age or Golden Age?Roger FouquetIndex

Edited by Roger Fouquet, Associate Professorial Research Fellow, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, UK

’With increasing focus on the negative impacts of climate change, this book addresses a gap in the field of energy and climate change economics by providing a comprehensive overview of the state of research in this area. Dividing the contents into seven distinct sections allows for easy navigation of the material and encompasses wide ranging topics from the markets for fossil fuels, to governance, to energy policy and implications.'

• Contents: IntroductionRoger Fouquet PART I: FOSSIL FUEL MARKETS1. Oil Prices, Exhaustible Resources and Economic GrowthJames D. Hamilton2. Gas Markets: Past, Present and FuturePaul Stevens 3. The Likelihood and Potential Implications of a Natural Gas CartelSteven A. Gabriel, Arild Moe, Knut Einar Rosendahl and Marina Tsygankova 4. Global Steam Coal Markets until 2030: Perspectives on Production, Trade and Consumption under Increasing Carbon ConstraintsClemens Haftendorn, Franziska Holz, Claudia Kemfert and Christian von Hirschhausen PART II: ELECTRICITY MARKETS5. The Future of the (US) Electric GridHenry D. Jacoby, John G. Kassakian and Richard Schmalensee 6. Increasing the Penetration of Intermittent Renewable Energy: Innovation in Energy Storage and Grid ManagementNick Johnstone and Ivan Haščič 7. Electric Vehicles: Will Consumers Purchase Them? Henry Lee and Grant LovellettePART III: ENERGY POLICY8. The Contribution of Energy Efficiency Towards Meeting CO2 TargetsJoanne Evans, Massimo Filippini and Lester C. Hunt9. Economic Analysis of Feed-in Tariffs for Generating Electricity from Renewable Energy Sources G. Cornelis van Kooten10. A Renewable Energy Future?Michael Jefferson11. Energy Policy: A Full Circle?Colin RobinsonPART IV: CLIMATE AGREEMENTS12. Anthropogenic Influences on Atmospheric CO2David F. Hendry and Felix Pretis13. International Cooperation on Climate Change: Why is there so Little Progress?Bjart Holtsmark 14. Long Live the Kyoto Protocol!Richard S.J. Tol15. Designing a Bretton Woods Institution to Address Global Climate ChangeJoseph E. Aldy PART V: CARBON MITIGATION POLICIES 16. Fiscal Instruments for Climate FinanceIan Parry 17. How High Should Climate Change Taxes Be?Chris Hope 18. State-Contingent Pricing as a Response to Uncertainty in Climate PolicyRoss McKitrick 19. Climate Change, Buildings and Energy PricesAlberto Gago, Michael Hanemann, Xavier Labandeira and Ana Ramos 20. Using Micro Data to Examine Causal Effects of Climate PolicyCaterina Gennaioli, Ralf Martin and Mirabelle Muûls 21. Carbon Trading: Past, Present and FutureJulien Chevallier 22. Moral Positions on Tradable Permit MarketsSnorre Kverndokk 23. The European CO2 Allowances Market: Issues in the Transition to Phase IIIChristian de Perthuis and Raphaël Trotignon PART VI: LOW-CARBON BEHAVIOUR AND GOVERNANCE24. The Role of Behavioural Economics in Energy and Climate PolicyMichael G. Pollitt and Irina Shaorshadze 25. Valuing Nature for Climate Change Policy: From Discounting the Future to Truly Social DeliberationJohn M. Gowdy 26. Individual Consumers and Climate Change: Searching for a New Moral CompassTanya O’Garra 27. Decentralization of Governance in the Low-Carbon Transition Nick Eyre 28. Is a Global Crisis Required to Prevent Climate Change? A Historical–Institutional PerspectiveEdward B. Barbier PART VII: LOW-CARBON GROWTH29. Prosperity with Growth: Economic Growth, Climate Change and Environmental LimitsCameron Hepburn and Alex Bowen 30. Should we Sustain? And if so, Sustain What? Consumption or the Quality of Life? Humberto Llavador, John E. Roemer and Joaquim Silvestre 31. At the Crossroads: Can China Grow in a Low-Carbon Way?Julien Chevallier 32. Low-Carbon Economy: Dark Age or Golden Age?Roger FouquetIndex