The major purpose of this book is to lay out the broad landscape of global energy issues and how they might develop in coming decades. While there are considerable uncertainties in respect of some of these issues, many of the defining characteristics of the landscape are clear, and the energy...

Economic theory suggests that with a pollution externality and learning spillovers related to renewable energy technologies, the optimal climate policy mix includes an emissions policy and an output subsidy to the learning industry. Instead of output subsidies, feed-in tariffs are often...