The External Cost of European Crude Oil Imports

42 Pages Posted: 4 May 2009

See all articles by Andrea Bigano

Andrea Bigano

RFF-CMCC European Institute on Economics and the Environment; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici; Ca' Foscari University of Venice

Mariaester Cassinelli

RFF-CMCC European Institute on Economics and the Environment; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Fabio Sferra

Fondazione Eni Enrico Mattei (FEEM)

Lisa Guarrera

Observatoire Méditerranéen de l'Energie

Sohbet Karbuz

Observatoire Méditerranéen de l'Energie

Manfred Hafner

Fondazione Eni Enrico Mattei

Anil Markandya

Basque Centre for Climate Change (BC3); University of Bath

Stale Navrud

School of Economics and Business, Norwegian University of Life Sciences (NMBU)

Date Written: April 29, 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.

Keywords: Oil Transport, Externalities Oil Spills, Risk Analysis

JEL Classification: Q32, Q25, Q41, R40

Suggested Citation

Bigano, Andrea and Cassinelli, Mariaester and Sferra, Fabio and Guarrera, Lisa and Karbuz, Sohbet and Hafner, Manfred and Markandya, Anil and Navrud, Stale, The External Cost of European Crude Oil Imports (April 29, 2009). FEEM Working Paper No. 13.2009, Available at SSRN: https://ssrn.com/abstract=1396686 or http://dx.doi.org/10.2139/ssrn.1396686

Andrea Bigano (Contact Author)

RFF-CMCC European Institute on Economics and the Environment ( email )

Via Bergognone, 34
Milan, 20144
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Ca' Foscari University of Venice ( email )

Dorsoduro 3246
Venice, Veneto 30123
Italy

Mariaester Cassinelli

RFF-CMCC European Institute on Economics and the Environment ( email )

Via Bergognone, 34
Milan, 20144
Italy
+39.342.6133782 (Phone)

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Fabio Sferra

Fondazione Eni Enrico Mattei (FEEM) ( email )

Corso Magenta 63
20123 Milan
Italy

Lisa Guarrera

Observatoire Méditerranéen de l'Energie ( email )

France

Sohbet Karbuz

Observatoire Méditerranéen de l'Energie

France

Manfred Hafner

Fondazione Eni Enrico Mattei ( email )

Corso Magenta 63
20123 Milan
Italy

Anil Markandya

Basque Centre for Climate Change (BC3)

Gran Vía 35-2
Bilbao, Vizcaya 48009
Spain

University of Bath ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

Stale Navrud

School of Economics and Business, Norwegian University of Life Sciences (NMBU) ( email )

PO Box 5033
Aas, 1432
Norway

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