Effects of Climate Change on Rising Electricity Rates
Climate Change Impacting Utility Costs Climate change and the reliance on price-volatile fossil fuels are significant factors driving the recent surge in electricity…
Tag: Energy Economics
Energy Economics is a subfield of economics that focuses on the production, consumption, and distribution of energy resources. It studies the interactions between energy markets, environmental impacts, and economic policies to analyze how energy resources are managed and valued. Energy economics examines various energy sources, including fossil fuels, renewable energy, and nuclear power, evaluating factors such as pricing, market structures, and regulatory frameworks. It also deals with issues related to energy efficiency, sustainability, and the transition to low-carbon energy systems. By integrating concepts from both economics and energy science, energy economics seeks to inform decision-making for businesses, governments, and consumers in order to promote efficient energy use and address global energy challenges.