Description
Book SynopsisEnergy Economics outlines the fundamental issues and possible solutions to the challenges of energy production and use, presenting a framework for decisions based upon sound economic analysis. This approach considers market forces and policy goals, including economic prosperity, environmental protection, and societal well-being.
The second edition has been thoroughly updated, addressing dramatic shifts in the use of fuel and electricity, accelerated plans for the use of renewable energy, and pathways towards a lower-carbon future. A new chapter on electric vehicles examines its impact on transportation, the electricity market, and carbon emissions. Global examples throughout the book reflect the universal application of energy economics. With this economic foundation, coupled with perspectives from real-world applications, and perspectives from related disciplines, this text sharpens the student's ability to understand, evaluate, and critique energy policy. A compani
Trade Review
"Energy Economics by Professor Peter Schwarz describes and explores the challenges of the world's energy sector. It offers a modern and novel assessment of the operations, economics and management of conventional energy markets and a vivid analysis of the role of renewable energy, nuclear energy, the electrification of the transportation sector, and various government policies and regulations. I enjoyed the book's innovative assessment and focus on the future of energy and sustainability and recommend it to undergraduate and graduate students who care about how the energy sector functions and interacts with the environment, the economy and people's life."
Asher Tishler, professor and former dean of the Faculty of Management at Tel Aviv University.
"Peter Schwarz’s Energy Economics is an essential component of the bookshelf for energy economists and, especially, environmental economists who are not steeped in the economics of energy. The second edition includes a number of chapters you can’t find anywhere else (e.g., electric vehicles and next generation renewable alternatives). I look forward to using it as a supplement in my courses."John Whitehead, Professor, Department of Economics, Appalachian State University
"Professor Schwarz’s 2nd Edition of Energy Economics is the perfect text for an undergraduate energy economics class. It is accessible and clearly applies economic principles to relevant energy topics. This focused text gives students applicable insight by incorporating very recent events in the energy sector, while also giving historical context. The accompanying instructor materials are extremely helpful for faculty who want to teach the subject, even if energy economics is not their main field."
Dan Groft, PhD., Director of H.C. Drew Center for Business and Economic Analysis, Associate Professor of Economics, McNeese State University
Table of ContentsPart I: Fundamental of energy economics 1. Introduction 2. Energy, markets, and society 3. Static efficiency: applying supply and demand to energy markets 4. Dynamic efficiency: energy decisions over time Part II: Conventional energy sources 5. Oil: has it reached its peak? 6. Natural gas: a bridge to the future? 7. Coal: no longer king? 8. Nuclear energy: too expensive to matter? Part III: Alternative energy sources 9. Renewable energy: cheap, clean, but complicated 10. Next-generation alternatives: the road to net-zero? 11. Energy efficiency: an offer we can't refuse? Part IV: Electricity 12. Traditional electricity regulation: is monopoly still natural? 13. Electricity restructuring and deregulation: a better way? 14. Electric vehicles: charging ahead? Part V: Energy policy 15. Energy and the environment: paying the full social cost of our energy choices 16. Energy and sustainability: what do we owe the future? 17. Energy security: old and new dilemmas 18. A comprehensive energy policy: the big picture
