Published October 30, 2017
| Submitted
Report
Open
Energy vs. the Environment
- Creators
- Lewis, Tracy R.
Abstract
Optimal development programs that explicitly account for the environmental impacts of extracting and consuming energy resources are analyzed. Following Lee and Orr (1975), we allow for the possibility of storing the resource above ground once it has been extracted. When environmental disruption results from resource extraction (as in the case of strip mining) or there are environmental costs associated with resource consumption (for example, the social costs of air pollution from fuel consumption), then the socially optimal rates of resource consumption and extraction depend on the severity of the environmental impact and on the prospects of storing the resource above ground.
Attached Files
Submitted - sswp126.pdf
Files
sswp126.pdf
Files
(1.2 MB)
Name | Size | Download all |
---|---|---|
md5:7ce5922f442ea994e8e5c550cdd4c52b
|
1.2 MB | Preview Download |
Additional details
- Alternative title
- Energy versus the Environment
- Eprint ID
- 82743
- Resolver ID
- CaltechAUTHORS:20171027-141144628
- Created
-
2017-10-30Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 126