This book provides an economic analysis of recent developments in energy law and policy in Europe and America. It collects 20 essays that explore such topics as technological innovation, energy markets, regulatory instruments, sustainable energy, fossil fuels, nuclear energy, climate change, the rebound effect, and energy mix.Inside, readers will find answers to such questions as: To what extent is it justifiable to rely on markets and continued technological innovation, especially in relation to the present exploitation of scarce resources? To what extent is it necessary for states to intervene in energy markets? Which regulatory policies and methods will most effectively spur sustainable consumption and production of energy in order to protect the environment while mitigating any potential negative impact on economic development? How can economists predict the market"s complex reactions to energy policy?The contributors apply insights from neoclassical and behavioral economi
cs to the study of energy law and policy. In addition, the essays feature theoretical insights as well as empirical findings. This mix will help readers gain in-depth knowledge of this essential facet of modern life.
Part I: Foundations.- 1. Sustainable Development and Regulation (Klaus Mathis).- 2. Temporal Spillovers (Bruce R. Huber).- 3. Environmental Law and Economics in Europe (Sebastian Heselhaus).- 4. Defending Environmental Economic Instruments against the Economists and their Opponents (Felix Ekardt and Jutta Wieding).- 5. Escaping the Epistemic Trap (Malte-Christian Gruber).-6. Pope Francis"s and Singaporeans" Insights on Environment and Economics (Evelyne Fiechter-Widemann).- Part II: Sustainable Regulation.- 7. Behavioural Law & Economics and Sustainable Regulation (Philipp Hacker and Georgios Dimitropoulos).- 8. How to not Introduce Market-based Instruments into Environmental Regulation (Florian Stangl).- 9. Purchasing Energy-Efficient Appliances - To Incentivise or to Regulate? (Renate Schubert).- 10. Incentives Matter for Depolluting Rivers: The Case of the Ganga (RégisLanneau).- 11. Overcoming Nanomaterial Uncertainties: A Responsive Governance Framework (Julian Schenten, Marti
n Führ and Kilian Bizer).- 12. The Choice of Regulatory Instruments for a Circular Economy (EléonoreMaitre-Ekern).- 13. Governing Environmental Issues through Indicators (Myriam Senn).- Part III: Climate Change.- 14. Emission Trading Systems: A Coasean Answer to Climate Change .- (Rolf H. Weber).- 15. Caught Between WTO Rules and Climate Change (Elena Cima).- 16. Behavioural and Evolutionary Approach to the Law and Economics of Cap-and-trade (RuteSaraiva).- 17. Climate Change, Environmental Damage and Migration: A Law and Economics Perspective (Philip C. Hanke).- Part IV: Tort and Criminal Law.- 18. Lender Liability for Environmental Damage - Some Preliminary Thoughts on Efficiency and Justification (Piotr Tereszkiewicz).- 19. Between Love Canal and Rada di Augusta: The Optimal Liability for Environmental Damage in American and European Law from the Perspective of Behavioural Law and Economics (Mariusz J. Golecki and JaroslawBoldowski).- 20. An Economic Analysis of Liability and C
ompensation for Harm from Large-scale Solar Climate Engineering Field Research (Jesse L. Reynolds).- 21. Environmental Criminal Law: A Vital Part of the Regulatory Framework (Konstantina Papathanasiou).