Research Policy and Review 10. Frameworks for Studying Energy and the Environment

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Abstract
The economic framework is often very useful in the analysis of energy – environment problems, but it remains inadequate in a number of significant ways. After a brief review of basic theoretical principles, particularly as applied in cost – benefit analysis, some of the limitations of the economic approach are discussed with reference to selected examples in the energy – environment field. The merits of several alternative approaches to problem analysis and policy formulation are also briefly considered.