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Contents: Introduction Roger Fouquet PART I: FOSSIL FUEL MARKETS 1. Oil Prices, Exhaustible Resources and Economic Growth James D. Hamilton 2. Gas Markets: Past, Present and Future Paul Stevens 3. The Likelihood and Potential Implications of a Natural Gas Cartel Steven A. Gabriel, Arild Moe, Knut Einar Rosendahl and Marina Tsygankova 4. Global Steam Coal Markets until 2030: Perspectives on Production, Trade and Consumption under Increasing Carbon Constraints Clemens Haftendorn, Franziska Holz, Claudia Kemfert and Christian von Hirschhausen PART II: ELECTRICITY MARKETS 5. The Future of the (US) Electric Grid Henry D. Jacoby, John G. Kassakian and Richard Schmalensee 6. Increasing the Penetration of Intermittent Renewable Energy: Innovation in Energy Storage and Grid Management Nick Johnstone and Ivan Hascic 7. Electric Vehicles: Will Consumers Purchase Them? Henry Lee and Grant Lovellette PART III: ENERGY POLICY 8. The Contribution of Energy Efficiency Towards Meeting CO2 Targets Joanne Evans, Massimo Filippini and Lester C. Hunt 9. Economic Analysis of Feed-in Tariffs for Generating Electricity from Renewable Energy Sources G. Cornelis van Kooten 10. A Renewable Energy Future? Michael Jefferson 11. Energy Policy: A Full Circle? Colin Robinson PART IV: CLIMATE AGREEMENTS 12. Anthropogenic Influences on Atmospheric CO2 David F. Hendry and Felix Pretis 13. International Cooperation on Climate Change: Why is there so Little Progress? Bjart Holtsmark 14. Long Live the Kyoto Protocol! Richard S.J. Tol 15. Designing a Bretton Woods Institution to Address Global Climate Change Joseph E. Aldy PART V: CARBON MITIGATION POLICIES 16. Fiscal Instruments for Climate Finance Ian Parry 17. How High Should Climate Change Taxes Be? Chris Hope 18. State-Contingent Pricing as a Response to Uncertainty in Climate Policy Ross McKitrick 19. Climate Change, Buildings and Energy Prices Alberto Gago, Michael Hanemann, Xavier Labandeira and Ana Ramos 20. Using Micro Data to Examine Causal Effects of Climate Policy Caterina Gennaioli, Ralf Martin and Mirabelle Muuls 21. Carbon Trading: Past, Present and Future Julien Chevallier 22. Moral Positions on Tradable Permit Markets Snorre Kverndokk 23. The European CO2 Allowances Market: Issues in the Transition to Phase III Christian de Perthuis and Raphael Trotignon PART VI: LOW-CARBON BEHAVIOUR AND GOVERNANCE 24. The Role of Behavioural Economics in Energy and Climate Policy Michael G. Pollitt and Irina Shaorshadze 25. Valuing Nature for Climate Change Policy: From Discounting the Future to Truly Social Deliberation John M. Gowdy 26. Individual Consumers and Climate Change: Searching for a New Moral Compass Tanya O'Garra 27. Decentralization of Governance in the Low-Carbon Transition Nick Eyre 28. Is a Global Crisis Required to Prevent Climate Change? A Historical-Institutional Perspective Edward B. Barbier PART VII: LOW-CARBON GROWTH 29. Prosperity with Growth: Economic Growth, Climate Change and Environmental Limits Cameron Hepburn and Alex Bowen 30. Should we Sustain? And if so, Sustain What? Consumption or the Quality of Life? Humberto Llavador, John E. Roemer and Joaquim Silvestre 31. At the Crossroads: Can China Grow in a Low-Carbon Way? Julien Chevallier 32. Low-Carbon Economy: Dark Age or Golden Age? Roger Fouquet Index