Book Reviews

2010 ◽  
Vol 48 (3) ◽  
pp. 774-777

Margaret Walls of Resources for the Future reviews “A Smart Energy Policy: An Economist’s Rx for Balancing Cheap, Clean, and Secure Energy” by James M. Griffin,. The EconLit Abstract of the reviewed work begins “Presents an economist’s prescription for U.S. energy policy in a form accessible to the general public. Discusses the three conflicting goals of energy policy; the prospects for oil prices; oil security in an increasingly insecure world; climate change and the search for clean energy; climate change and the difficult search for institutions and policies; and a smart energy policy. Griffin is Professor of Economics and Public Policy and Bob Bullock Chair with the George Bush School of Government and Public Service at Texas A&M University. Index.”

Author(s):  
Priya Sreedharan ◽  
Alan H. Sanstad ◽  
Joe Bryson

Energy “sustainability” and energy supply have again emerged as central public policy issues and are at the intersection of the economic, environmental, and security challenges facing the nation and the world. The goal of significantly reducing greenhouse gas (GHG) emissions associated with energy production and consumption, while maintaining affordable and reliable energy supplies, is one of the most important issues. Among the strategies for achieving this goal, increasing the efficiency of energy consumption in buildings is being emphasized to a degree not seen since the 1970s. “End-use” efficiency is the core of the State of California’s landmark effort to reduce its GHG emissions, of other state and local climate-change initiatives, and is emphasized in emerging federal GHG abatement legislation. Both economic and engineering methods are used to analyze energy efficiency, but the two paradigms provide different perspectives on the market and technological factors that affect the diffusion of energy efficiency. These disparate perspectives influence what is considered the appropriate role and design of public policy for leveraging not just efficient end-use technology, but other sustainable energy technologies. We review the two approaches and their current roles in the GHG policy process by describing, for illustrative purposes, the U.S. Environmental Protection Agency’s assessment of energy efficiency in the American Clean Energy and Security Act of 2009 Discussion Draft. We highlight opportunities and needs for improved coordination between the engineering, economic and policy communities. Our view is that a better understanding of disciplinary differences and complementarities in perspectives and analytical methods between these communities will benefit the climate change policy process.


2021 ◽  
Vol 69 (4) ◽  
pp. 111
Author(s):  
Larisa G. Chuvakhina ◽  
Nikolai A. Moldenhauer ◽  
Anahita Nasirbeik

The development of the energy sector in the United States of America (USA) represents a rivalry between two different approaches, which has intensified under the last three American administrations. The competition of approaches is expressed in the confrontation between supporters of energy based on renewable sources and supporters of traditional energy resources. A comparative analysis of changes in the energy sector, depending on the prevalence of a particular approach to energy development, shows that external conditions play a key role in promoting the energy strategy. The strategy of priority development of “green” energy carried out under Barack Obama could not be realized because of the shale boom. As a result, many companies working with renewable energy sources did not stand up to the competition. The opposite approach of Donald Trump’s focus on developing traditional energy resources to ensure US energy security and to increase jobs has been hit by the COVID-19 pandemic, which has virtually nullified the US administration’s efforts under this approach. The current concept of President J. Biden is aimed at continuing the strategy of Barack Obama for the development of “green” energy in the United States. Proponents of this concept hope for the possibility of its at least partial implementation in the absence of a shale boom. The lifting of the embargo on the export of American oil has led to an increase in oil supplies abroad. As of 2018, the United States has overtaken Saudi Arabia in terms of oil and gas exports, taking a leading position in the global oil market. In 2019-2020, the United States retained the first place in the world in oil production. This article examines the conceptual approaches of American administrations to the issue of energy policy and analyzes the statistical data that characterize the traditional and “clean energy” industries. An important factor is the degree of influence of the US energy policy on global oil prices. To analyze this issue, this research uses curved regression equations to assess the impact of US energy policy on world oil prices under the administrations of Barack Obama and Donald Trump. The results of the correlation show that a more effective interaction between the variables was carried out during the presidency of Barack Obama, when Exports of Crude Oil influenced the price dynamics of oil quotes with an inverse relationship. With the arrival of the Biden administration, the strategy started under Obama in favor of developing clean energy was continued. In the context of the spread of covid-19, the growth of crisis phenomena in the national economy, the growth of production costs in the oil and gas industry, and the fall in the world energy prices, the development of green energy can have a certain effect, given the Biden administration’s approach to energy development. The subsequent actions of the Biden administration may offset Trump’s efforts to develop traditional energy to strengthen the economic potential of the United States and strengthen the position of American companies in the global oil market.


Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6030
Author(s):  
Tomasz Jałowiec ◽  
Henryk Wojtaszek

There is a need to reduce carbon-based energy and replace it with clean energy in order to counteract the negative effects of climate change. The increase in renewable energy sources may result in savings and the increasing cost of maintaining carbon-based energy. Worldwide involvement is required. The fulfillment of conditions by individual states does not solve the problem. The COVID-19 pandemic has slowed economic growth. It turns out that economic growth is not always associated with increased investments in RES (existing or emerging new clean energy points). We have a new epidemiological threat—Delta—which could become large. This will not improve the situation. Germany is an exemplary country for benchmarking in the field of renewable energy. The worrying fact is that Poland, despite economic growth, does not achieve an even growth in RES. Each of us is required to be involved, to be open to innovation and to act in accordance with the energy policy of the European Union. Basic management functions (planning, organizing, motivating and controlling) are also essential. Failure to meet the demands of the energy policy should be thoroughly verified and consequences should be drawn in order to involve the whole world. The authors thoroughly analyzed many factors that have a significant impact on the success in stopping climate change and increasing RES. With the increase in energy demand, renewable energy is introduced to a greater extent. Additionally, coal energy will be more expensive to maintain. The more RES, the more expensive the energy obtained from mine sources. The investment is an opportunity to meet the demands of RES, but investors are currently only interested in investing in renewable energy in highly developed countries. The decision-making process regarding the implementation of renewable energy sources not only consists in a radical decision to introduce changes, but also in the fulfillment of a number of assumptions regarding the energy policy controlled by the authorities of a given state as part of this action. There is a risk (fear) in underdeveloped countries that they will not be able to finalize this project, either due to the lack of investor interest or the lack of real opportunities due to the failure to meet the guidelines of the energy policy of a given country. It is advisable that state governments facilitate the process as much as possible so that even less developed countries could take advantage of this postulate.


2019 ◽  
pp. 1-25
Author(s):  
Gyung-Ho Jeong ◽  
William Lowry

AbstractAlthough energy policy used to be a nonpartisan issue in Congress, partisan conflicts over energy policies are intense these days. To examine how a nonpartisan issue became a highly partisan one, we create and use a new measure of energy policy positions of members of Congress. Our analyses of member behaviour show that, in addition to partisan realignment in the South, energy policy-specific factors – rising oil prices, the climate change debate since 1988, and the salience of energy policy in Congress – are significantly related to increasing party polarisation over energy policy. We also find that the increasing convergence between energy policy and environmental policy has significantly contributed to party polarisation over energy issues. The study thus provides important understanding of this specific policy area as well as insights into the party polarisation literature by demonstrating how policy-specific events and policy convergence transform a nonpartisan issue into a highly partisan one.


2009 ◽  
Author(s):  
Racel Gelman ◽  
Marissa Hummon ◽  
Joyce McLaren ◽  
Elizabeth Doris

2021 ◽  
Vol 14 (2) ◽  
pp. 75-87
Author(s):  
Elena Cima

Abstract In 2017, the Energy Charter Treaty (ECT) began a modernization process aimed at updating, clarifying, and modernizing a number of provisions of the Treaty. Considering the scope of application of the Treaty—cooperation in energy trade, transit, and investment—there is hardly any doubt that the modernization kicked off in 2017 offers a springboard for constructive reform and a unique opportunity to bring the Treaty closer in line with the objectives of the Paris Agreement. Although none of the items selected by the Energy Charter Conference and open for discussion and reform mention climate change or clean energy, a careful analysis of the relevant practice in both treaty drafting and adjudication can provide valuable insights as to how to steer the discussions on some of the existing items in a climate-friendly direction. The purpose of this article is to rely on this relevant practice to explore promising avenues to ‘retool’ the Treaty for climate change mitigation, in other words, to imagine a Treaty that would better reflect climate change concerns and clean energy transition goals.


2020 ◽  
Vol 13 (1) ◽  
pp. 272
Author(s):  
Aaron C. Sparks ◽  
Heather Hodges ◽  
Sarah Oliver ◽  
Eric R. A. N. Smith

In many public policy areas, such as climate change, news media reports about scientific research play an important role. In presenting their research, scientists are providing guidance to the public regarding public policy choices. How do people decide which scientists and scientific claims to believe? This is a question we address by drawing on the psychology of persuasion. We propose the hypothesis that people are more likely to believe local scientists than national or international scientists. We test this hypothesis with an experiment embedded in a national Internet survey. Our experiment yielded null findings, showing that people do not discount or ignore research findings on climate change if they come from Europe instead of Washington-based scientists or a leading university in a respondent’s home state. This reinforces evidence that climate change beliefs are relatively stable, based on party affiliation, and not malleable based on the source of the scientific report.


Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4148
Author(s):  
Estrella Trincado ◽  
Antonio Sánchez-Bayón ◽  
José María Vindel

After the Great Recession of 2008, there was a strong commitment from several international institutions and forums to improve wellbeing economics, with a switch towards satisfaction and sustainability in people–planet–profit relations. The initiative of the European Union is the Green Deal, which is similar to the UN SGD agenda for Horizon 2030. It is the common political economy plan for the Multiannual Financial Framework, 2021–2027. This project intends, at the same time, to stop climate change and to promote the people’s wellness within healthy organizations and smart cities with access to cheap and clean energy. However, there is a risk for the success of this aim: the Jevons paradox. In this paper, we make a thorough revision of the literature on the Jevons Paradox, which implies that energy efficiency leads to higher levels of consumption of energy and to a bigger hazard of climate change and environmental degradation.


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