Economics of Energy and Environment

Crédit : 5 ECTS
Langue du cours : anglais

Volume horaire

  • CM : 30 h

Description du contenu de l'enseignement

Planning course :
  • Externalities, Fixed Costs and Information
- Private and public goods
- Externalities
- Informational complexity and transaction costs
- The role of governments
  • The Static Model of Optimal Internalisation of Externalities I
- The Pigouvian approach
- Instruments for Internalisation
- The Working of Emissions Markets
  • The Static Model of Optimal Internalisation of Externalities III
- The distributional implications of the static model
- Grandfathering versus auctioning
- Risk, uncertainty and option value
  • The Measurement of Externalities I
- Measuring Abatement Cost
- Measuring Social Costs (Including loss of option value)
  • The Measurement of Externalities II
- Distributional implications of environmental policies
- The Coasean critique (Coase against Coase)
- The Rebound Effect
  • Energy and Sustainable Development
- Sustainable development in the energy sector - Energy efficiency and the rebound effect
- World energy perspectives
  • Electricity Markets
- The functioning of electricity markets and price formation
- The investment challenge and the capacity issue
  • Topics in electricity markets
- Projected costs of generating electricity
- Carbon pricing
- System effects
  • The Interaction of Carbon and Electricity Markets
- Theories of price formation in the carbon market
- Causality between CO2 prices and energy variables
- Rents of electricity producers due to carbon pricing

Mode de contrôle des connaissances

Written exam.

Bibliographie, lectures recommandées

  • Arrow, Kenneth J. (1970). “The Organization of Economic Activity: Issues Pertinent to the Choice of Market versus Non-Market Allocation”, in Robert H. Haveman and J. Margolis ( eds.), Public Expenditure and Policy Analysis. Chicago.
  • Coase, Ronald H. (1960). “The Problem of Social Cost”, Journal of Law and Economics 1(1): 1-21.
  • Freeman, Myrick (1979). The Benefits of Environmental Improvements: Theory and Practice. Baltimore: Johns Hopkins University Press.
  • Hicks, John R., The Theory of Wages, London: Macmillan.
  • Keppler, Jan Horst (2011). Carbon Pricing, Power Markets and the Competitiveness of Nuclear Power, avec Claudio Marcantonini, OCDE, Paris, 101 p.
  • Keppler, Jan Horst (2010). « Causalities between CO2, Electricity, and other Energy Variables during Phase I and Phase II of the EU ETS » avec M. Mansanet-Batailler, Energy Policy 38(7): 3329-41.
  • Keppler, Jan Horst (2010). « The Impact of the EU ETS on Prices and Profits in the Electricity Sector » avec M. Cruciani, Energy Policy 38(8): 3280-90.
  • Keppler, Jan Horst (2010). « The Interaction Between the EU ETS Carbon Market and European Electricity Markets » in Ellerman D., Convery F. and de Perthuis C., Pricing Carbon : The European Union Emissions Trading Scheme, Cambridge University Press, Cambridge (UK), 2010, p. 293-328.
  • Keppler, Jan Horst (2010). « Going with Coase against Coase : The Dynamic Approach to the Internalization of External Effects », in The Economics and Finance of Sustainable Development, Economica, Paris, p. 118-139.
  • Keppler, Jan Horst (2007). « Causality and Cointegration between Energy Consumption and Economic Growth in Developing Countries », Chapitre 5 in The Econometrics of Energy Systems, J. H. Keppler, R. Bourbonnais and J. Girod (eds.), p. 75-97.
  • Keppler, Jan Horst (2000). « Prices, Technology Policy and the Rebound Effect » avec F. Birol, Energy Policy 28 (6-7), p. 457-469.
  • Keppler, Jan Horst (1998). « Externalities, Fixed Costs and Information », Kyklos 52 (4), p. 547-563.
  • Pigou, Arthur Cecil. 1932. The Economics of Welfare. 3rd Edition. London: Macmillan.

Enseignant responsable


Année universitaire 2016 - 2017 - Fiche modifiée le : 13-02-2017 (15H48) - Sous réserve de modification.