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The Social Cost of Electricity

Scenarios and Policy Implications Edited by Anil Markandya, Basque Centre for Climate Change, Spain and Honorary Professor, University of Bath, UK, Andrea Bigano, Senior Researcher, Fondazione Eni Enrico Mattei, Italy and Roberto Porchia, former Researcher, Fondazione Eni Enrico Mattei, Italy
This book reports and rationalizes the state-of-the-art concerning the social costs of electricity generation. Social costs are assessed by adding to the private generation costs, the external costs associated with damages to human health, the environment, crops, materials, and those related to the consequences of climate change. The authors consider the evolution of these costs up to 2030 for major electricity generating technologies and, using these estimates, evaluate policy options for external cost internalization, providing quantitative scenarios by country and primary fuel for 2010, 2020 and 2030. While mainly focusing on European countries, the book also examines the situation in key emerging economies such as China, India, Brazil and Turkey.
Extent: 328 pp
Hardback Price: $146.00 Web: $131.40
Publication Date: 2011
ISBN: 978 1 84844 350 1
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  • Economics and Finance
  • Energy Economics
  • Environmental Economics
  • Environment
  • Environmental Economics
This book reports and rationalizes the state-of-the-art concerning the social costs of electricity generation. Social costs are assessed by adding to the private generation costs, the external costs associated with damages to human health, the environment, crops, materials, and those related to the consequences of climate change. The authors consider the evolution of these costs up to 2030 for major electricity generating technologies and, using these estimates, evaluate policy options for external cost internalization, providing quantitative scenarios by country and primary fuel for 2010, 2020 and 2030. While mainly focusing on European countries, the book also examines the situation in key emerging economies such as China, India, Brazil and Turkey.

With an analysis of the policies for external costs internalization, this invaluable book will appeal to energy policymakers, research institutions focusing on energy, environmental and energy NGOs and trade associations, as well as energy companies.
‘The Social Cost of Electricity stands out for its ambitious effort to model and quantify the external costs of electric-power generation. . . Without doubt, the data presented in this volume will be of great interest to policymakers and researchers and will challenge future debates on energy policy.’
– Jim Rossi, Climate Law

‘This book is an excellent report on a very thorough analysis of the full-cycle costs of different sources of electric power, with due regard for externalities. It is a great credit to Fondazione Eni Enrico Mattei.’
– Kenneth Arrow, Stanford University, US
Contributors: H. Allal, S. Arnold, A. Behrens, A. Bigano, M. Blesl, G. Bökenkamp, L. Brander, W.-J. Chou, D. Diakoulaki, C. Egenhofer, E.H. Fall, R. Friedrich, K. Halsnæs, S. Hirschberg, O. Hohmeyer, A. Hunt, O. Kuik, O. Løfsnes, K. Magnussen, A. Markandya, S. Navrud, T. Niesor, W. Nijs, R. Porchia, P. Preiss, A. Rabl, L. Rosendahl Appelquist, B. Tennbakk, C. Tourkolias, M. Urbani, A. van der Welle, B. van der Zwaan, S. Wissel, X. Zhu
Contents:

Foreword

Introduction
Roberto Porchia

PART I: COST ASSESSMENT
1. External Costs
Luke Brander, El Hadji Fall, Rainer Friedrich, Stefan Hirschberg,
Onno Kuik, Kristin Magnussen, Ståle Navrud, Philipp Preiss, Ari
Rabl and Bob Van der Zwaan

2. Electricity Supply Externalities: Energy Security
Steven Arnold, Arno Behrens, Christian Egenhofer, Alistair Hunt,
Anil Markandya, Adriaan van der Welle and Bob van der Zwaan

3. Private Costs
Markus Blesl and Steffen Wissel

4. Social Costs of Electricity in the EU
Roberto Porchia

5. Methodology and Results in Non-EU Countries
Xianli Zhu, Lars Rosendahl Appelquist and Kirsten Halsnæs

PART II: POLICY EVALUATION
6. Policy Instruments
Gesine Bökenkamp, Wan-Jung Chou, Olav Hohmeyer, Alistair Hunt,
Anil Markandya and Wouter Nijs

7. Assessment of Policy Instruments and Electricity Generation
Technologies
Gesine Bökenkamp, Danae Diakoulaki, Olav Hohmeyer, Wouter
Nijs and Christos Tourkolias

PART III: ELECTRICITY SCENARIOS
8. Electricity Scenarios in EU Countries
Houda Allal, Ole Løfsnes, Thomas Niesor, Berit Tennbakk and
Matteo Urbani

Index