There are few more urgent topics in today’s world, so full of ecological uncertainty. Hydropower Economics uses various econometric measures to examine sustainable alternative energy sources. It kicks off by modeling hydropower, yes, but it does not end there. Forsund has extended his model to include thermal power and wind power, too – forms of alternative energy that are taking on an ever larger profile.

This is a thorough revision of the 2007 publication, and includes five new chapters and brings all existing chapters completely up to date. There have been many advances in hydropower and renewable technologies since the original publication, and Europe, and particularly Scandinavia, plan many more in the coming years. From a review of the original edition: “... it is important to note that the author deals well with his selected topics. ... I recommend this book to all readers who wish to learn more about the economics of hydroelectric power." (Amitrajeet A. Batabyal, Interfaces, Vol. 39 (1), January-February, 2009)

This book presents research on a kind of water use conflicts that is becoming more and more common and important: How to best manage moving water in times of increasing demand for electricity as well as environmental services. How should decisions be made between water use for electricity generation or for environmental and recreational benefits? The authors develop a simple general equilibrium model of a small open economy which is used to derive a cost-benefit rule that can be used to assess projects that divert water from electricity generation to recreational and other uses (or vice versa). The cost-benefit rule is then applied to the specific case of a proposed change at a Swedish hydropower plant. The book provides a manual for the evaluation of river regulations which can easily be replicated in other studies.

Study of Kotlibhel 1B hydropower project on Alaknanda River at Uttarakhand, India.

This important book sheds light on the ways in which modern tools of welfare economics can be used to assess the benefits and costs of resource conflicts involving hydropower. The chapters highlight key methodological issues in this area; ranging from the intersection between cost-benefit analysis and behavioral economics, to the value of load balancing services provided by hydropower. The inclusion of insights from expert contributors from both sides of the Atlantic brings a unique and interesting range of viewpoints to the work.Several factors suggest that resource conflicts involving moving water are likely to be even more difficult to resolve today than they have been in the past. The contributors, top scholars in resource economics, consider a variety of issues through the lens of cost-benefit analysis. In the first part ofthe book, they address specific cases and issues from North America and Europe. The book closes with a more general look at the topic.

Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government

Energy Economics: Science, Policy, and Economic Applications explains energy systems from an economics perspective. Specifically, the author uses the tools of economics to analyze the development of modern energy systems, the world’s reliance on fossil fuels, and the components of a transition to cleaner energy resources. He also considers the science and policy underlying important energy issues, especially with respect to nuclear energy and the climate crisis, arguing that, without changes to the world’s fossil fuel consumption patterns, an increase in demand for energy will exacerbate environmental problems. This reality demonstrates the importance of the book's analysis of primary energy sources, energy supply and demand, and energy systems. Energy matters are fundamental to our way of life; yet, when it comes to energy economics, many people do not have a working vocabulary.