Researchers from the Energy Policy Institute at the University of Chicago compile a first of its kind handbook* for India that provides preliminary estimates of the social costs associated with energy use from different fuels.
Markets are being used in India to encourage energy efficiency among very large energy users (the Perform, Achieve, Trade scheme) but surprisingly have never been integrated into environmental regulation. This gap has meant that many of the potential complementarities between environment and energy policy, such as energy efficiency have not been fully realized. In addition, because market-based instruments minimize the costs of environmental regulation, they serve to improve economic growth from energy use. These considerations are discussed in greater detail in the text.
This handbook compiled by the researchers from the Energy Policy Institute at the University of Chicago draws upon cutting-edge scientific evidence from the last few years to provide preliminary estimates of the social costs associated with energy use from different fuels.
Download the handbook here**.