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The External Cost of European Crude Oil ImportsAndrea BiganoFondazione Eni Enrico Mattei (FEEM) & Centro Euro-Mediterraneo per i Cambiamenti Climatici Mariaester CassinelliFondazione Eni Enrico Mattei (FEEM) Fabio SferraFondazione Eni Enrico Mattei (FEEM) Lisa GuarreraObservatoire Méditerranéen de l'Energie Sohbet KarbuzObservatoire Méditerranéen de l'Energie Manfred HafnerFondazione Eni Enrico Mattei Anil MarkandyaBasque Centre for Climate Change (BC3); University of Bath Stale NavrudNorwegian University of Life Sciences (UMB) - Department of Economics and Resource Management April 29, 2009 FEEM Working Paper No. 13.2009 Abstract: This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms of critical passages and different burdens and impacts along import routes. The resulting externalities appear reasonable both under the assumption of high future demand and under low demand. Estimates range from 2.32 Euro in 2030 in the low demand scenario to 2.60 Euro in 2010 in the high demand scenario per ton of imported oil.
Number of Pages in PDF File: 42 Keywords: Oil Transport, Externalities Oil Spills, Risk Analysis JEL Classification: Q32, Q25, Q41, R40 working papers seriesDate posted: May 4, 2009Suggested CitationContact Information
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