This book provides an introduction to energy economics. It shows how to apply general economic theory as well as empirical and advanced econometric methods to explain the drivers of energy markets and their development. Readers learn about the specific properties of energy markets as well as the physical, technological, environmental, and geopolitical particularities of energy sources and products. The book covers all types of energy markets, ranging from liquid fuels, gaseous fuels, and solid fuels to electricity. It also addresses emission allowances, energy efficiency, and nuclear risks. The authors discuss the engineering properties of energy technologies including renewables, the economics of natural resources and environmental protection, market liberalization, and energy trade as well as the experience of the German energy transformation. This book will serve students as a textbook and practitioners as a reference for their understanding of energy markets and their development.
This book provides an introduction to energy economics. It shows how to apply general economic theory as well as empirical and advanced econometric methods to explain the drivers of energy markets and their development. Readers learn about the specific properties of energy markets as well as the physical, technological, environmental, and geopolitical particularities of energy sources and products. The book covers all types of energy markets, ranging from liquid fuels, gaseous fuels, and solid fuels to electricity. It also addresses emission allowances, energy efficiency, and nuclear risks. The authors discuss the engineering properties of energy technologies including renewables, the economics of natural resources and environmental protection, market liberalization, and energy trade as well as the experience of the German energy transformation. This book will serve students as a textbook and practitioners as a reference for their understanding of energy markets and their development.
At one point or another, every single one of us has or will have confronted the question: “So, what’s the purpose of my doing?” Writing in the perspective of high-school students, who have many years of untapped opportunities ahead of us, we think that starting to ask ourselves this question is of utmost importance. Now, there are many answers to this question, perhaps an infinite number of them. But in this short book, we propose the simple answer: to be happy. Of course, we aren’t the first to jump aboard this train of thought. Humanity has thought about happiness as an integral goal of life for thousands of years, and individuals and institutions alike have continued to pursue this discussion today, whether that be through debate, research, or policies. And to this, we are thankful. Our predecessors’ efforts have provided us -the next generation- with ample resources to put the pursuit of happiness into action on a societal scale, should we choose to do so. In light of this very mission to continue the historical momentum, we present this little book of ours -- to our peers, to aspiring young leaders of the future who might wish to consider prospects of a happiness-oriented society, and to any reader interested in this quick read.
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