Routledge handbook of energy economics

Table of Contents
List of Figures

List of Tables

List of Contributors

Preface, Reinhard Madlener

Introduction, Ugur Soytas and Ramazan Sari

Part 1 Energy and economy

Energy demand, Govinda Timilsina
Energy and economic growth, David Stern
Oil prices and the macroeconomy, Lance Bachmeier and Michael Plante
Economics of renewable energy, Painuly J. Prasad and Norbert Wohlgemuth
Energy efficiency and economy-wide rebound: realising a net gain to society, Lisa Ryan, Karen Turner, and Nina Campbell
Economic impacts of energy transition, Christian Lutz and Ulrike Lehr
Electricity market integration, Lillian M. de Menezes and Michael Tamvakis
Analysis of Macroeconomic Impacts of Energy Security Improvements in Asia, Deepak Sharma, Suwin Sandu, Muyi Yang
Part 2 Energy and environment

Energy and climate, Richard S.J. Tol
Carbon emissions and energy use, Yi-Ming Wei and Lan-Cui Liu
Energy economics and environment of energy systems, Janie Ling-Chin, K. Rajendran, and A.P. Roskilly
Renewable energy policy, Travis Roach
The energy water nexus, Benjamin K. Sovacool
Low carbon economy and smart grids, Cédric Clastres and Patrice Geoffron
The role of carbon pricing in the Paris agreement, Izzet Ari and Ramazan Sari
Part 3 Energy and society

The impact of climate change and the social cost of carbon, Richard S.J. Tol
Energy and the public: the economic relevance of citizens’ engagement, Alessandro Sciullo, Anna Pellizzone
Quality of life and energy use: Is there a fair energy use level?, Olcay Aydemir and Ugur Soytas
Responsible investment, Aled Jones
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
Part 4 Energy and other markets

Oil spot and futures prices, Nikki Kantelis, Bradley T. Ewing
Oil and stock prices, Perry Sadorsky
The role of oil price volatility in the real and financial economy: a survey review, Nicholas Apergis
Mutual Funds and Energy Sector, Alper Gormus
Oil prices and other energy commodities, Syed Basher
Oil and agricultural commodity prices, Saban Nazlioglu
Oil prices and exchange rates, Hassan Anjum and Farooq Malik
Volatility spillovers on oil and forex markets, Jozef Baruník and Evzen Kocenda
Economic and social challenges of Smart Grids, Daniela Velte and Guillermo Gil
Part 5 Energy Modelling

CGE models in energy economics, Ken’ichi Matsumoto and Shinichiro Fujimori
'A Methodological Framework for Assessing Macroeconomic Impacts of Energy Security Improvements in Asia, Deepak Sharma, Suwin Sandu, Muyi Yang
Top-down and bottom-up models, Bora Kat
Macro-econometric and structural models, Ulrike Lehr and Christian Lutz
Index decomposition analysis: Models and applications, Tian Goh and B.W. Ang
Electricity price forecasting, Rafal Weron and Florian Ziel
Paths and processes in complex electricity markets: the agent based perspective, Alessandro Sciullo, Elena Vallino, Martina Iori, and Magda Fontana
Behavioral Economics and Energy Market, Ozlem Ozdemir
The use of foresight in energy policy, Erik Laes
Multi-criteria decision analysis for energy policy, Laurence Stamford, Burcin Atilgan, Jasmin Cooper and Adisa Azapagic
Index

Book Description
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.