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Energy vs. the Environment

Lewis, Tracy R. (1976) Energy vs. the Environment. Social Science Working Paper, 126. California Institute of Technology , Pasadena, CA. (Unpublished)

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Optimal development programs that explicitly account for the environmental impacts of extracting and consuming energy resources are analyzed. Following Lee and Orr (1975), we allow for the possibility of storing the resource above ground once it has been extracted. When environmental disruption results from resource extraction (as in the case of strip mining) or there are environmental costs associated with resource consumption (for example, the social costs of air pollution from fuel consumption), then the socially optimal rates of resource consumption and extraction depend on the severity of the environmental impact and on the prospects of storing the resource above ground.

Item Type:Report or Paper (Working Paper)
Alternate Title:Energy versus the Environment
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:126
Record Number:CaltechAUTHORS:20171027-141144628
Persistent URL:
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82743
Deposited By: Jacquelyn Bussone
Deposited On:30 Oct 2017 23:08
Last Modified:03 Oct 2019 18:58

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