How Can We Include External Costs in the Price of Energy?

2017 ◽  
pp. 59-67
Author(s):  
Ian Dickie ◽  
Lawrie Harper-Simmonds
Keyword(s):  
External Costs

Tort Liability

2017 ◽  
Author(s):  
Richard Adelstein
Keyword(s):  
Class Action ◽  
Corrective Justice ◽  
External Costs ◽  
Tort Liability ◽  
Compensatory Damages

Torts are involuntary seizures of entitlements of a certain kind in a particular exchange environment, and tort liability attempts to ensure that tortfeasors compensate their victims for the costs these takings impose. Liability is the law’s answer to externality. It doesn’t seek to deter torts absolutely, but to control them through the principle of corrective justice, which separates efficient from inefficient torts by liability prices and deters only the latter. This chapter examines how these involuntary exchanges are governed by tort liability to do corrective justice and imperfectly completed through individual and class action tort suits for compensatory damages. Tort liability is shown to effectively encourage efficient torts, in which the value of the unlawful cost imposition to the tortfeasor exceeds the external costs of the tort, and thus provide a means to move entitlements to higher-valuing owners in an environment of involuntary takings by private takers.

scholarly journals The Influence of Opencast Lignite Mining Dehydration on Plant Production—A Methodological Study

Energies ◽  
2021 ◽  
Vol 14 (7) ◽  
pp. 1917
Author(s):  
Benedykt Pepliński ◽  
Wawrzyniec Czubak
Keyword(s):  
Brown Coal ◽  
Crop Production ◽  
Plant Production ◽  
External Costs ◽  
Opencast Mines ◽  
Temporal And Spatial ◽  
Potato Yields ◽  
Burning Coal ◽  
Depression Cone ◽  
The Cost

In many circles, brown coal continues to be viewed as a cheap source of energy, resulting in numerous investments in new opencast brown coal mines. Such a perception of brown coal energy is only possible if the external costs associated with mining and burning coal are not considered. In past studies, external cost analysis has focused on the external costs of coal burning and associated emissions. This paper focuses on the extraction phase and assesses the external costs to agriculture associated with the resulting depression cone. This paper discusses the difficulties researchers face in estimating agricultural losses resulting from the development of a depression cone due to opencast mineral extraction. In the case of brown coal, the impacts are of a geological, natural-climatic, agricultural-productive, temporal, and spatial nature and result from a multiplicity of interacting factors. Then, a methodology for counting external costs in crop production was proposed. The next section estimates the external costs of crop production arising from the operation of opencast mines in the Konin-Turek brown coal field, which is located in central Poland. The analyses conducted showed a large decrease in grain and potato yields and no effect of the depression cone on sugar beet levels. Including the estimated external costs in the cost of producing electricity from mined brown coal would significantly worsen the profitability of that production.

scholarly journals Environmental Impact and External Costs Associated with Hub-and-Spoke Network in Air Transport

2021 ◽  
Vol 13 (2) ◽  
pp. 465
Author(s):  
Mengyuan Sun ◽  
Yong Tian ◽  
Yao Zhang ◽  
Muhammad Nadeem ◽  
Can Xu
Keyword(s):  
Environmental Impact ◽  
Living Environment ◽  
Strategic Decision ◽  
Air Transport ◽  
Pollutant Emissions ◽  
Pollutant Emission ◽  
Civil Aviation ◽  
External Costs ◽  
Hub And Spoke ◽  
City Network

Under the background of economic globalization, the air transport industry developed rapidly. It turns out that the city-to-city network has not been able to adapt well to the development of the society, and the hub-and-spoke network came into being. The hub-and-spoke network demonstrates the advantages of reducing the operating costs of airlines to keep a competitive advantage, and by maintaining the interests of airlines in the rapidly developing context. However, during the operation of aircrafts, they consume fuel and spew a great deal of harmful pollutants into the air, which has an adverse impact on the living environment. This paper explores the impact and external costs associated with hub-and-spoke network in air transport from an environmental perspective. With some mathematical models, we construct a hub-and-spoke network and take a quantitative study on the environmental impact of air transport. For calculating pollutant emissions, meteorological conditions were considered to revise the pollutant emission factors of the Engine Emissions Data Base (EEDB) published by International Civil Aviation Organization (ICAO). The environmental external costs measurement model is employed to calculate the externality of toxic gas and greenhouse gas (GHG). In order to make the study more convincing, two alternative networks are computed: hub-and-spoke network and city-to-city network. It is found that the hub-and-spoke network is associated with poorer environmental impact and environmental external costs because of the different network characteristics and the scale of the fleets. Therefore, under the general trend of green aviation, the environmental impact and environmental external costs associated with hub-and-spoke network in air transport provides a certain reference for airlines’ strategic decision-making.

Water companies and river environments: The external costs of water abstraction

1998 ◽  
Vol 7 (1) ◽  
pp. 35-45 ◽  
Author(s):  
Kenneth G Willis ◽  
Guy D Garrod
Keyword(s):  
External Costs ◽  
Water Abstraction ◽  
Water Companies

scholarly journals Valuing environmental health for informed policy-making

2017 ◽  
Vol 32 (1-2) ◽  
pp. 171-175 ◽  
Author(s):  
Vojtěch Máca ◽  
Jan Melichar ◽  
Milan Ščasný ◽  
Markéta Braun Kohlová
Keyword(s):  
Environmental Health ◽  
Policy Making ◽  
Economic Valuation ◽  
Health Impact ◽  
External Costs ◽  
Economic Activities ◽  
Geographic Coverage ◽  
Wide Range ◽  
Health Impact Assessments ◽  
The Impact

Abstract Background: Monetized environmental health impact assessments help to better evaluate the environmental burden of a wide range of economic activities. Apart from the limitations and uncertainties in physical and biological science used in such assessments, assumptions taken from economic valuation may also substantially influence subsequent policy-making considerations. Aim: This study attempts to demonstrate the impact of normative policy assumptions on quantified external costs using a case study of recently discussed variants of future coal mining and use of extracted coal in electricity and heat generation in the Czech Republic. Methods: A bottom-up impact-pathway approach is used for quantification of external costs. Several policy perspectives are elaborated for aggregating impacts that differ in geographic coverage and in how valuation of quantified impacts is adjusted in a particular perspective. Results: We find that the fraction of monetized external impacts taken into policy-making considerations may vary according to choice of decision perspective up to a factor of 10. Conclusion: At present there are virtually no hard rules for defining geographical boundaries or adjusting values for a summation of monetized environmental impacts. We, however, stress that any rigorous external cost assessment should, for instance in a separate calculation, take account of impacts occurring beyond country borders.

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