Environmental Law and Economics

This book provides an economic analysis of recent developments in energy law and policy in Europe and America. It collects 20 essays that explore such topics as technological innovation, energy markets, regulatory instruments, sustainable energy, fossil fuels, nuclear energy, climate change, the rebound effect, and energy mix. Inside, readers will find answers to such questions as: To what extent is it justifiable to rely on markets and continued technological innovation, especially in relation to the present exploitation of scarce resources? To what extent is it necessary for states to intervene in energy markets? Which regulatory policies and methods will most effectively spur sustainable consumption and production of energy in order to protect the environment while mitigating any potential negative impact on economic development? How can economists predict the market's complex reactions to energy policy? The contributors apply insights from neoclassical and behavioral economics to the study of energy law and policy. In addition, the essays feature theoretical insights as well as empirical findings. This mix will help readers gain in-depth knowledge of this essential facet of modern life.