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Routledge Handbook of Energy Economics book cover

1st Edition

Routledge Handbook of Energy Economics

Edited By Uğur Soytaş, Ramazan Sarı Copyright 2020
    640 Pages 150 B/W Illustrations
    by Routledge

    640 Pages 150 B/W Illustrations
    by Routledge

    Energy consumption and production have major influences on the economy, environment, and society, but in return they are also influenced by how the economy is structured, how the social institutions work, and how the society deals with environmental degradation. The need for integrated assessment of the relationship between energy, economy, environment, and society is clear, and this handbook offers an in-depth review of all four pillars of the energy-economy-environment-society nexus.



    Bringing together contributions from all over the world, this handbook includes sections devoted to each of the four pillars. Moreover, as the financialization of commodity markets has made risk analysis more complicated and intriguing, the sections also cover energy commodity markets and their links to other financial and non-financial markets. In addition, econometric modeling and the forecasting of energy needs, as well as energy prices and volatilities, are also explored. Each part emphasizes the multidisciplinary nature of the energy economics field and from this perspective, chapters offer a review of models and methods used in the literature.



    The Routledge Handbook of Energy Economics will be of great interest to all those studying and researching in the area of energy economics. It offers guideline suggestions for policy makers as well as for future research.

    List of Figures

    List of Tables

    List of Contributors

    Preface, Reinhard Madlener

    Introduction, Ugur Soytas and Ramazan Sari

    Part 1 Energy and economy

    1. Energy demand, Govinda Timilsina

    2. Energy and economic growth, David Stern

    3. Oil prices and the macroeconomy, Lance Bachmeier and Michael Plante

    4. Economics of renewable energy, Painuly J. Prasad and Norbert Wohlgemuth

    5. Energy efficiency and economy-wide rebound: realising a net gain to society, Lisa Ryan, Karen Turner, and Nina Campbell

    6. Economic impacts of energy transition, Christian Lutz and Ulrike Lehr

    7. Electricity market integration, Lillian M. de Menezes and Michael Tamvakis

    8. Analysis of Macroeconomic Impacts of Energy Security Improvements in Asia, Deepak Sharma, Suwin Sandu, Muyi Yang

      9. Part 2 Energy and environment

    9. Energy and climate, Richard S.J. Tol

    10. Carbon emissions and energy use, Yi-Ming Wei and Lan-Cui Liu

    11. Energy economics and environment of energy systems, Janie Ling-Chin, K. Rajendran, and A.P. Roskilly

    12. Renewable energy policy, Travis Roach

    13. The energy water nexus, Benjamin K. Sovacool

    14. Low carbon economy and smart grids, Cédric Clastres and Patrice Geoffron

    15. The role of carbon pricing in the Paris agreement, Izzet Ari and Ramazan Sari

      16. Part 3 Energy and society

    16. The impact of climate change and the social cost of carbon, Richard S.J. Tol

    17. Energy and the public: the economic relevance of citizens’ engagement, Alessandro Sciullo, Anna Pellizzone

    18. Quality of life and energy use: Is there a fair energy use level?, Olcay Aydemir and Ugur Soytas

    19. Responsible investment, Aled Jones

    20. Energy economics as an energy justice dilemma: Case studies of normative trade-offs in Malawi, Mexico, and Germany, Kirsten Jenkins, Shanil Samarakoon, and Paul Munro

      21. Part 4 Energy and other markets

    21. Oil spot and futures prices, Nikki Kantelis, Bradley T. Ewing

    22. Oil and stock prices, Perry Sadorsky

    23. The role of oil price volatility in the real and financial economy: a survey review, Nicholas Apergis

    24. Mutual Funds and Energy Sector, Alper Gormus

    25. Oil prices and other energy commodities, Syed Basher

    26. Oil and agricultural commodity prices, Saban Nazlioglu

    27. Oil prices and exchange rates, Hassan Anjum and Farooq Malik

    28. Volatility spillovers on oil and forex markets, Jozef Baruník and Evzen Kocenda

    29. Economic and social challenges of Smart Grids, Daniela Velte and Guillermo Gil

      30. Part 5 Energy Modelling

    30. CGE models in energy economics, Ken’ichi Matsumoto and Shinichiro Fujimori

    31. 'A Methodological Framework for Assessing Macroeconomic Impacts of Energy Security Improvements in Asia, Deepak Sharma, Suwin Sandu, Muyi Yang

    32. Top-down and bottom-up models, Bora Kat

    33. Macro-econometric and structural models, Ulrike Lehr and Christian Lutz

    34. Index decomposition analysis: Models and applications, Tian Goh and B.W. Ang

    35. Electricity price forecasting, Rafal Weron and Florian Ziel

    36. Paths and processes in complex electricity markets: the agent based perspective, Alessandro Sciullo, Elena Vallino, Martina Iori, and Magda Fontana

    37. Behavioral Economics and Energy Market, Ozlem Ozdemir

    38. The use of foresight in energy policy, Erik Laes

    39. Multi-criteria decision analysis for energy policy, Laurence Stamford, Burcin Atilgan, Jasmin Cooper and Adisa Azapagic

    Index

    Biography

    Uğur Soytaş is a Professor in the Department of Business Administration and the Earth System Science Graduate Program at the Middle East Technical University (METU), Turkey. He is the co-editor of the Energy Economics journal.





    Ramazan Sarı is a Professor in the Department of Business Administration, Middle East Technical University (METU), Turkey. He is the Dean of Faculty of Economics and Administrative Sciences at METU.

    "This is a comprehensive handbook of energy economics that covers a broad range of issues and debates in the space of energy modelling, climate change and environment. The book will constitute a valuable resource for students, academics and policy makers working in the area of energy.", Paresh Narayan, Alfred Deakin Professor, Deakin Business School, Deakin University, Australia

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