Despite the many benefits of energy, most of which are reflected in energy market prices, the production, distribution, and use of energy causes negative effects. Many of these negative effects are not reflected in energy market prices. When market failures like this occur, there may be a case for government interventions in the form of regulations, taxes, fees, tradable permits, or other instruments that will motivate recognition of these external or hidden costs.
The Hidden Costs of Energy defines and evaluates key external costs and benefits that are associated with the...
Despite the many benefits of energy, most of which are reflected in energy market prices, the production, distribution, and use of energy causes ne...