The Economics of Energy and Sustainable Development
Yannick Perez
Requirements
There are four hours of lectures each week (including exercises)
Overview
This course provides the background to understand the role of energy in economic growth and the issues associated with a sustainable development. It will cover a variety of theoretical and empirical topics related to energy demand, energy supply, energy prices, environmental consequences of energy consumption and production. It will analyze the various public policies (international agreements, emission trading schemes, public subsidies, technical norms…) to promote the energy transition in view of a sustainable development. A reading list will be provided for each session and presentations of students are expected during the time devoted to the exercises.
Calendar for academic year 2018-2019
| WEEK # | TOPICS |
| 11/01 session 1 | Energy and economic growth: the key issues for a sustainable development |
| 18/01 session 2 | Demand forecasting: theory and practice |
| 25/01 Session 3 | Regulation of the Energy industries |
| 01/02 Session 4 | Reform of the energy industries |
| 08/02 Session 5 | Natural Gas Price Regulation, Deregulation and Markets |
| 15/02 Session 6 | Electricity Price Regulation, Deregulation and Markets |
| 22/02 Session 7 | Economics of renewable energies |
| 08/03 Session 8 | EU policies toward Renewable Energy Sources |
| 15/03 Session 9 | Economics of new mobility solutions |
| 22/03: Session 10 | Evaluation with written exam |
Grading and Evaluation of the students
The grading for the course will be as follows:
| COMPONENTS | PERCENTAGES |
| Class Participation | 10% |
| Oral presentation during exercises | 60% |
| Quiz which will take place on the last session | 30% |
Selected references
Eid Cherrelle, Codani Paul, Perez Yannick, Reneses Javier, Hakvoort Rudi, 2016, Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design, Renewable and Sustainable Energy Reviews, Volume 64, pp 237–247.
Glachant Jean-Michel, Khalfallah Haikel, Perez Yannick, Rious Vincent and Saguan Marcelo 2013, Implementing Incentive Regulation with Imperfect Regulators, Competition and Regulation of Network Industries, pp264-289.
Hoarau Quentin and Perez Yannick, 2018, Interactions Between Electric Mobility And Photovoltaic Generation: A Review, Renewable and Sustainable Energy Reviews 94 (2018) 510–522.
Jaffe A.B., Newell R.G., Stavins R.N. (2005) A tale of two market failures: technology and environmental policy, Ecological Economics 54, 164-174.
MacKay, David J.C., (2009) Sustainable Energy without the Hot Air, UIT Cambridge Ltd.
Nordhaus William D , and Paul A Samuelson, Economics, 19th edition, McGraw Hill, 2010.
Perez Yannick et Staropoli Carine, 2014, Quelle politique industrielle pour la transition énergétique ?, Revue d’Economie Industrielle, N° 148, pp 19-31 2014
Porter, M. E., & van der Linde, C. 1995. Toward a new conception of the environment competitiveness relationship. Journal of Economic Perspectives, 9(4): 97-118.
Rious Vincent, Perez Yannick and Jean-Michel Glachant 2011, Transmission Network Investment as an Anticipation Problem. Revue of Network Economics, Vol.10 Iss.
Schmalensee, R. and Stavins, R. N. “The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment”. Journal of Economic Perspectives: Vol. 27 No. 1 (Winter 2013)
Sinn, H.W. (2008). Public policies against global warming, International Tax and Public Finance, 15, 4, 360-394.
Stern N. (Ed.), The Stern review report: The economics of climate change, HM Treasury, London, 2006.
Weitzman, M.L. (1974): Prices versus quantities, Review of Economic Studies, 41, 477-491.
The Economics of Energy and Sustainable Development
Yannick Perez
Requirements
There are four hours of lectures each week (including exercises)
Overview
This course provides the background to understand the role of energy in economic growth and the issues associated with a sustainable development. It will cover a variety of theoretical and empirical topics related to energy demand, energy supply, energy prices, environmental consequences of energy consumption and production. It will analyze the various public policies (international agreements, emission trading schemes, public subsidies, technical norms…) to promote the energy transition in view of a sustainable development. A reading list will be provided for each session and presentations of students are expected during the time devoted to the exercises.
Calendar for academic year 2018-2019
| WEEK # | TOPICS |
| 11/01 session 1 | Energy and economic growth: the key issues for a sustainable development |
| 18/01 session 2 | Demand forecasting: theory and practice |
| 25/01 Session 3 | Regulation of the Energy industries |
| 01/02 Session 4 | Reform of the energy industries |
| 08/02 Session 5 | Natural Gas Price Regulation, Deregulation and Markets |
| 15/02 Session 6 | Electricity Price Regulation, Deregulation and Markets |
| 22/02 Session 7 | Economics of renewable energies |
| 08/03 Session 8 | EU policies toward Renewable Energy Sources |
| 15/03 Session 9 | Economics of new mobility solutions |
| 22/03: Session 10 | Evaluation with written exam |
Grading and Evaluation of the students
The grading for the course will be as follows:
| COMPONENTS | PERCENTAGES |
| Class Participation | 10% |
| Oral presentation during exercises | 60% |
| Quiz which will take place on the last session | 30% |
Selected references
Eid Cherrelle, Codani Paul, Perez Yannick, Reneses Javier, Hakvoort Rudi, 2016, Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design, Renewable and Sustainable Energy Reviews, Volume 64, pp 237–247.
Glachant Jean-Michel, Khalfallah Haikel, Perez Yannick, Rious Vincent and Saguan Marcelo 2013, Implementing Incentive Regulation with Imperfect Regulators, Competition and Regulation of Network Industries, pp264-289.
Hoarau Quentin and Perez Yannick, 2018, Interactions Between Electric Mobility And Photovoltaic Generation: A Review, Renewable and Sustainable Energy Reviews 94 (2018) 510–522.
Jaffe A.B., Newell R.G., Stavins R.N. (2005) A tale of two market failures: technology and environmental policy, Ecological Economics 54, 164-174.
MacKay, David J.C., (2009) Sustainable Energy without the Hot Air, UIT Cambridge Ltd.
Nordhaus William D , and Paul A Samuelson, Economics, 19th edition, McGraw Hill, 2010.
Perez Yannick et Staropoli Carine, 2014, Quelle politique industrielle pour la transition énergétique ?, Revue d’Economie Industrielle, N° 148, pp 19-31 2014
Porter, M. E., & van der Linde, C. 1995. Toward a new conception of the environment competitiveness relationship. Journal of Economic Perspectives, 9(4): 97-118.
Rious Vincent, Perez Yannick and Jean-Michel Glachant 2011, Transmission Network Investment as an Anticipation Problem. Revue of Network Economics, Vol.10 Iss.
Schmalensee, R. and Stavins, R. N. “The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment”. Journal of Economic Perspectives: Vol. 27 No. 1 (Winter 2013)
Sinn, H.W. (2008). Public policies against global warming, International Tax and Public Finance, 15, 4, 360-394.
Stern N. (Ed.), The Stern review report: The economics of climate change, HM Treasury, London, 2006.
Weitzman, M.L. (1974): Prices versus quantities, Review of Economic Studies, 41, 477-491.
- Teaching coordinator: Yannick Perez