Edited by Farhad Taghizadeh-Hesary, Tokai Research Institute for Environment and Sustainability (TRIES), Tokai University and Climate Finance Asia Inc., Japan and International Society for Energy Transition Studies (ISETS), Australia, Ehsan Rasoulinezhad, Faculty of World Studies, University of Tehran, Iran and Naoyuki Yoshino, Faculty of Economics, Keio University, Japan

‘This enlightening and stimulating reference book provides readers with the skills necessary to understand and analyse complex energy issues. It is a valuable resource for managers, scholars, and policymakers in the field of energy economics.’

• ContentsIntroduction to A Modern Guide to Energy Economics 1Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad and Naoyuki YoshinoPART I RENEWABLE ENERGY ECONOMICS1 The impact of solar PV installation on householdelectricity demand in Australia 5Kenta Tanaka, Clevo Wilson, and Shunsuke Managi2 Consumers’ behavioral economics in renewable energy 28Amir Rahmani, Roohallah Aboojafari, FarhadTaghizadeh-Hesary, Ali Bonyadi Naeini, and Javad MashayekhPART II ECONOMICS OF ENERGY TRANSITIONAND THE ELECTRICITY MARKETS3 Rebalancing subsidies in market-based electricity sectors:synergies and obstacles in transition economies 57Rabindra Nepal, Anupama Sen and Tooraj Jamasb4 Economics of energy transition and electricityconsumption in Asia 85Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad,Romina Hajrezaei, Xuan Vinh Vo, and Muhammad Shahbaz5 Economic costs of electricity shortage: an input‒output analysis 114Mahdi Ghaemi Asl, Mohammad Nasr Isfahani, SajadRajabi, and Mohamad Sadiq JavdanPART III ENERGY ECONOMICS AND SUSTAINABILITY6 A study of the impact of energy transition on sustainableeconomic and environmental development: a global case 146Yang Liu, Congyu Zhao, Kangyin Dong, and FarhadTaghizadeh-Hesary7 The role of carbon taxation in energy transition andmeeting the sustainability goals based on a generalequilibrium model 170Naoyuki Yoshino, Ehsan Rasoulinezhad, FarhadTaghizadeh-Hesary, and Lilu VandercammePART IV ECONOMICS OF ENERGY SECURITY8 Economics of energy security and sustainable energypolicy in Bangladesh 194Sakib Bin Amin, Youngho Chang, FarhadTaghizadeh-Hesary, Farhan Khan and Faria Manal Rahman9 Nexus of energy security and poverty in selected Asianeconomies 222Abdulrasheed Zakari, Farhad Taghizadeh-Hesary,Naoyuki Yoshino, and Irfan KhanPART V ENERGY ECONOMICS, FINANCE, AND INVESTMENT10 Understanding the implications of macroeconomic factorsand alternative investments on ESG and green indicesreturns: the case for India 257Vijeta Singh and Nandita Mishra

Edited by Farhad Taghizadeh-Hesary, Tokai Research Institute for Environment and Sustainability (TRIES), Tokai University and Climate Finance Asia Inc., Japan and International Society for Energy Transition Studies (ISETS), Australia, Ehsan Rasoulinezhad, Faculty of World Studies, University of Tehran, Iran and Naoyuki Yoshino, Faculty of Economics, Keio University, Japan

‘This enlightening and stimulating reference book provides readers with the skills necessary to understand and analyse complex energy issues. It is a valuable resource for managers, scholars, and policymakers in the field of energy economics.’

• ContentsIntroduction to A Modern Guide to Energy Economics 1Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad and Naoyuki YoshinoPART I RENEWABLE ENERGY ECONOMICS1 The impact of solar PV installation on householdelectricity demand in Australia 5Kenta Tanaka, Clevo Wilson, and Shunsuke Managi2 Consumers’ behavioral economics in renewable energy 28Amir Rahmani, Roohallah Aboojafari, FarhadTaghizadeh-Hesary, Ali Bonyadi Naeini, and Javad MashayekhPART II ECONOMICS OF ENERGY TRANSITIONAND THE ELECTRICITY MARKETS3 Rebalancing subsidies in market-based electricity sectors:synergies and obstacles in transition economies 57Rabindra Nepal, Anupama Sen and Tooraj Jamasb4 Economics of energy transition and electricityconsumption in Asia 85Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad,Romina Hajrezaei, Xuan Vinh Vo, and Muhammad Shahbaz5 Economic costs of electricity shortage: an input‒output analysis 114Mahdi Ghaemi Asl, Mohammad Nasr Isfahani, SajadRajabi, and Mohamad Sadiq JavdanPART III ENERGY ECONOMICS AND SUSTAINABILITY6 A study of the impact of energy transition on sustainableeconomic and environmental development: a global case 146Yang Liu, Congyu Zhao, Kangyin Dong, and FarhadTaghizadeh-Hesary7 The role of carbon taxation in energy transition andmeeting the sustainability goals based on a generalequilibrium model 170Naoyuki Yoshino, Ehsan Rasoulinezhad, FarhadTaghizadeh-Hesary, and Lilu VandercammePART IV ECONOMICS OF ENERGY SECURITY8 Economics of energy security and sustainable energypolicy in Bangladesh 194Sakib Bin Amin, Youngho Chang, FarhadTaghizadeh-Hesary, Farhan Khan and Faria Manal Rahman9 Nexus of energy security and poverty in selected Asianeconomies 222Abdulrasheed Zakari, Farhad Taghizadeh-Hesary,Naoyuki Yoshino, and Irfan KhanPART V ENERGY ECONOMICS, FINANCE, AND INVESTMENT10 Understanding the implications of macroeconomic factorsand alternative investments on ESG and green indicesreturns: the case for India 257Vijeta Singh and Nandita Mishra

Edited by Farhad Taghizadeh-Hesary, Tokai Research Institute for Environment and Sustainability (TRIES), Tokai University and Climate Finance Asia Inc., Japan and International Society for Energy Transition Studies (ISETS), Australia, Ehsan Rasoulinezhad, Faculty of World Studies, University of Tehran, Iran and Naoyuki Yoshino, Faculty of Economics, Keio University, Japan

‘This enlightening and stimulating reference book provides readers with the skills necessary to understand and analyse complex energy issues. It is a valuable resource for managers, scholars, and policymakers in the field of energy economics.’

• ContentsIntroduction to A Modern Guide to Energy Economics 1Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad and Naoyuki YoshinoPART I RENEWABLE ENERGY ECONOMICS1 The impact of solar PV installation on householdelectricity demand in Australia 5Kenta Tanaka, Clevo Wilson, and Shunsuke Managi2 Consumers’ behavioral economics in renewable energy 28Amir Rahmani, Roohallah Aboojafari, FarhadTaghizadeh-Hesary, Ali Bonyadi Naeini, and Javad MashayekhPART II ECONOMICS OF ENERGY TRANSITIONAND THE ELECTRICITY MARKETS3 Rebalancing subsidies in market-based electricity sectors:synergies and obstacles in transition economies 57Rabindra Nepal, Anupama Sen and Tooraj Jamasb4 Economics of energy transition and electricityconsumption in Asia 85Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad,Romina Hajrezaei, Xuan Vinh Vo, and Muhammad Shahbaz5 Economic costs of electricity shortage: an input‒output analysis 114Mahdi Ghaemi Asl, Mohammad Nasr Isfahani, SajadRajabi, and Mohamad Sadiq JavdanPART III ENERGY ECONOMICS AND SUSTAINABILITY6 A study of the impact of energy transition on sustainableeconomic and environmental development: a global case 146Yang Liu, Congyu Zhao, Kangyin Dong, and FarhadTaghizadeh-Hesary7 The role of carbon taxation in energy transition andmeeting the sustainability goals based on a generalequilibrium model 170Naoyuki Yoshino, Ehsan Rasoulinezhad, FarhadTaghizadeh-Hesary, and Lilu VandercammePART IV ECONOMICS OF ENERGY SECURITY8 Economics of energy security and sustainable energypolicy in Bangladesh 194Sakib Bin Amin, Youngho Chang, FarhadTaghizadeh-Hesary, Farhan Khan and Faria Manal Rahman9 Nexus of energy security and poverty in selected Asianeconomies 222Abdulrasheed Zakari, Farhad Taghizadeh-Hesary,Naoyuki Yoshino, and Irfan KhanPART V ENERGY ECONOMICS, FINANCE, AND INVESTMENT10 Understanding the implications of macroeconomic factorsand alternative investments on ESG and green indicesreturns: the case for India 257Vijeta Singh and Nandita Mishra