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The Social Cost of Electricity: Scenarios and Policy Implications

Climate Law, Forthcoming

THE SOCIAL COST OF ELECTRICITY: SCENARIOS AND POLICY IMPLICATIONS, Anil Markandya, Andrea Bigano, Roberto Porchia, eds., p. 308, Edward Elgar, 2010

FSU College of Law, Public Law Research Paper No. 532

FSU College of Law, Law, Business & Economics Paper No. 11-15

6 Pages Posted: 28 Aug 2011 Last revised: 18 Sep 2011

Jim Rossi

Vanderbilt University - Law School

Date Written: August 27, 2011

Abstract

This is a review of The Social Cost of Electricity: Scenarios and Policy Imperatives (Edward Elgar, 2010), which summarizes the results of a European Commission funded research project. The contributions in this volume stands out for their ambitious effort to model and quantify the external costs of electric power generation, as well as their initial assessment of various policy instruments designed to address climate change and promote renewable energy. While a broad range of social cost issues presented by electricity production are incorporated into the project’s modeling, it does not study or attempt to quantify conservation and demand response approaches. Much more complete data will likely be necessary to for policymakers to seriously the assess which instruments are most effective at advancing energy policy goals. Without doubt, however, the data and careful analysis presented in this volume will challenge future decisionmakers to look beyond the private or market cost of energy in their policy decisions.

Keywords: Energy, climate change, externalities, costs, renewable energy

Suggested Citation

Rossi, Jim, The Social Cost of Electricity: Scenarios and Policy Implications (August 27, 2011). Climate Law, Forthcoming; THE SOCIAL COST OF ELECTRICITY: SCENARIOS AND POLICY IMPLICATIONS, Anil Markandya, Andrea Bigano, Roberto Porchia, eds., p. 308, Edward Elgar, 2010; FSU College of Law, Public Law Research Paper No. 532 ; FSU College of Law, Law, Business & Economics Paper No. 11-15 . Available at SSRN: https://ssrn.com/abstract=1918085

Jim Rossi (Contact Author)

Vanderbilt University - Law School ( email )

131 21st Avenue South
Nashville, TN 37203-1181
United States

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