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Supply and Demand: Barriers to a New Energy Future

10 Pages Posted: 28 Nov 2012 Last revised: 13 Jan 2016

Michael P. Vandenbergh

Vanderbilt University - Law School

J. B. Ruhl

Vanderbilt University - Law School

Jim Rossi

Vanderbilt University - Law School

Date Written: November 26, 2012

Abstract

Like many fields, energy law has had its ups and downs. A period of remarkable activity in the 1970s and early 1980s focused on the efficiencies arising from deregulation of energy markets, but the field attracted much less attention during the 1990s. In the last decade, a new burst of activity has occurred, driven largely by the implications of energy production and use for climate change. In effect, this new scholarship is asking what efficiency means in a carbon-constrained world. Accounting for carbon has induced scholars to challenge the implicit assumption of the early scholarship that the price of energy reflects all important externalities, and that efficiency therefore can be assumed to mean the generation of the most energy at the lowest cost. Accounting for carbon also has contributed to the growing nexus between energy and environmental law, and has called on practitioners, regulators, and scholars to develop new regulatory solutions that integrate these previously distinct areas. This brief essay introduces the papers published in the Vanderbilt Law Review symposium issue, "Supply and Demand: Barriers to a New Energy Future" (2012).

Keywords: Energy law, environmental law, climate change

Suggested Citation

Vandenbergh, Michael P. and Ruhl, J. B. and Rossi, Jim, Supply and Demand: Barriers to a New Energy Future (November 26, 2012). 65 Vanderbilt Law Review 1447 (2012); Vanderbilt Public Law Research Paper No. 12-44; Vanderbilt Law and Economics Research Paper No. 12-37. Available at SSRN: https://ssrn.com/abstract=2180897

Michael P. Vandenbergh

Vanderbilt University - Law School ( email )

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

J. B. Ruhl

Vanderbilt University - Law School ( email )

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

Jim Rossi (Contact Author)

Vanderbilt University - Law School ( email )

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

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