February 28, 2007
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FROM VOLUME 6, NUMBER 7-8, JULY-AUGUST 1993
ENERGY POLICY AND ECONOMICS
Four items from Energy
Policy, 21(4), Apr. 1993:
"Energy Efficiency Fallacies: The Debate Concluded," L.G. Brooks
(Bournemouth, U.K.), 346-347. The final piece in a continuing debate in this
journal between the author and M. Grubb on the economics of energy efficiency.
(An editorial comment concludes that the two writers cannot come to agreement on
the issue, and invites constructive contributions on the theme by others.)
"US Public Policy and Emerging Technologies: The Case of Solar Energy,"
D. Rahm (Dept. Govt., Univ. S. Florida, Tampa FL 33620), 374-384. Explores the
impacts of a variety of policies on the emergence and diffusion of solar energy
technologies, using data gathered in the National Solar Energy Policy Study.
Discusses specific policy options that would speed emergence and diffusion.
"Economic Evaluation of Independent CHP Projects," A. Verbruggen
(Univ. Faculteiten Sint-Ignatius, UFSIA, Prinsstr. 13, B-2000 Antwerp, Belg.),
N. Dufait, A. Martens, 408-417. Presents analyses from the point of view of
non-utility investors (industries, commercial facilities, and local
"Modeling CHP within a National Power System," P.E. Grohnheit
(Syst. Anal. Dept., Risf Nat. Lab., DK-4000 Roskilde, Den.), 418-429. A survey
of types of models presently in use.
Environment and Sustainable Development: Lateral Departures," M. Schloss
(The World Bank, 1818 H St. NW, Washington DC 20006), World Resour. Rev.,
5(2), 214-227, June 1993.
An analysis that identifies areas susceptible for policy action aimed at a
more benign energy sector development. Examines past and future trends of energy
supply including environmental impacts, pattern of demand, technological changes
and World Bank contributions toward environmentally benign energy supplies.
Concludes that technological changes are the long-term solution to environmental
Two items from Energy
Policy, 21(6), June 1993:
"Economic Incentives for Clean Coal Technology Deployment," A.
Rose (Dept. Mineral Econ., Pennsylvania State Univ., Univ. Pk. PA 16802), A.
Mor, 668-678. Despite the environmental benefits of clean coal technology,
adoption in the U.S. has been slow. Examines several fiscal incentives, finding
their costs modest in light of the possible non-market benefits.
"Energy Conservation Investment. Do Consumers Discount the Future
Correctly?" K.A. Hassett (Grad. School Business, Columbia Univ., New York
NY 10027), G.E. Metcalf, 710-716. Results of economic simulations imply that tax
subsidies for the purchase of energy conservation capital are likely to be
ineffective. Recommends mandatory efficiency standards and energy taxes instead.
"Major Energy Issues
in the 1990s: An OPEC Perspective," Dr. Subroto (Organization of Petroleum
Exporting States (OPEC), Obere Danaustr. 93, 1020 Vienna, Austria.), OPEC
Bull., 24(5), 4-9, May 1993.
From a recent address, in which the Secretary General of OPEC argues that
sustainable development can only come when developing nations have access to
markets and technology. The oil industry also needs a large amount of new
investment, which requires a predictable level of demand and reasonable prices.
Policies: Market Responses and Incentives," H. Motamen-Scobie (Eur. Econ.
Financial Ctr., POB 2498, London W2 4LE, UK), Energy Econ., 15(2),
67-70, Apr. 1993.
For new investment, there is a tendency within industry to favor revenue
generation projects over those for cost reduction by requiring shorter gestation
and payback times for the latter. This attitude leads to low priority for energy
efficiency projects. It is possible that a supply shock may need to occur to
induce the market to invest and develop the technology required by environmental
Utility-Subsidized Energy Efficiency Really Cost?" P.L. Joskow (Dept.
Econ., Mass. Inst. Technol., Cambridge MA 02139), D.B. Marron, Science,
260(5106), 281, 370, Apr. 16, 1993.
The true costs of utility-subsidized electricity conservation are often
significantly higher than the costs reported by utilities, or those suggested by
widely cited "technical potential" studies.
Three items from World
Resour. Rev., 4(4), 1992:
"The Challenge of Global Warming-Towards a Sustainable Energy Future in
the European Community," U. Collier (Sci. Policy Res., Mantell Bldg., Univ.
Sussex, Falmer, Brighton, BN1 9RF, UK), 451-468. Achievement of the EC CO2
target presently relies mainly on piecemeal actions at the national level. These
are insufficient, but the EC seems to lack the commitment or jurisdiction to
develop the necessary integrated approach to energy supply and end use.
"The Role of Biomass in Mitigating Global Warming," M. Bulls
(Biotech. Res. Dept., CEB 1C, Tennessee Valley Authority, Muscle Shoals AL
35660), J. Broder, J.W. Barrier, 497-506. Surveys a variety of technological
approaches to energy production from biomass, showing they have the potential to
significantly reduce the accumulation of greenhouse gases such as CO2
and methane. Technologies being developed at TVA are discussed.
"Public Opinion and Nuclear Energy Policies and Their Impact on
Alternative Energy Planning," R.P. Sinha (Dept. Geosci., Elizabeth City
State Univ., Elizabeth City NC 27909), 519-527. The decline in public optimism
about nuclear energy over the past several years has resulted in the dwindling
of new reactor construction, which will remain at a standstill in the
foreseeable future. The only other plausible source for generating additional
electricity is coal burning, which has the potential for considerable
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