The World Bank Group Energy Sector Strategy

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Language: English

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Stern, Nicholas. "The Economics of Climate Change." We will focus on recent work in experimental economics, and empirical work in the developed world. This lesson addresses the concepts of competition, productivity, and scarcity. While natural gas is not currently cost-competitive with coal for load following and baseload generation, it could become so with policy strategies that lead to relatively modest (10-30%) decreases in relative capital costs and fuel prices, particularly if a small price of around $5 to $15 per tonne CO2 were imposed on CO2 emissions.

Pages: 32

Publisher: Congressional Research Service (April 16, 2013)

ISBN: B005GFI5XS

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