CONTENTS 1 Introduction to Energy Economics 1 Part 1 Energy Demand Analysis and Forcasting 2 Energy Data and Energy Balance 9 3 Understanding and Analysing Energy Demand 41 4 Energy Demand Analysis at a Disaggregated Level 77 5 Energy Demand Forecasting 107 6 Energy Demand Management 135 Part 2 Economics of Energy Supply 7 Economic Analysis of Energy Investments 163 8 Economics of Fossil Fuel Supply 191 9 Economics of Non-Renewable Resource Supply 219 10 Economics of Electricity Supply 227 11 The Economics of Renewable Energy Supply 249 Part 3 Energy Markets 12 Energy Markets and Principles of Energy Pricing 277 13 Energy Pricing and Taxation 299 14 International Oil Market 325 15 Markets for Natural Gas 353 16 Developments in the Coal Markets 383 17 Integrated Analysis of Energy Systems 393 Part 4 Issues Facing the Energy Sector 18 Overview of Global Energy Challenges 419 19 Impact of High Energy Prices 441 20 Energy Security Issues 463 21 Investment Issues in the Energy Sector 485 22 Energy Access 503 Part 5 Economics of Energy-Environment Interactions 23 The Economics of Environment Protection 527 24 Pollution Control from Stationary Sources 563 25 Pollution Control from Mobile Sources 579 26 The Economics of Climate Changes 597 27 The Clean Development Mechanism 623 Part 6 Regulation and Governance of the Energy Sector 28 Regulation of Energy Industries 649 29 Reform of the Energy Industry 683