Energy Economics & Policy

Energy economics & policy

Expertise in energy economics and policy at ANU is concentrated in the Crawford School of Public Policy and the Research School of Economics and draws on disciplinary strengths in economics and political science.Three main areas of research include:

Economics and policy of climate change mitigation

The Centre for Climate Economics and Policy (CCEP) anchors a network of Australian and international researchers providing insights on the economics of climate change, its implications for public policy, and the design of policies including for energy systems. The Climate and Energy Program in The Centre for Applied Macroeconomic Analysis is an international network of scholars working in Climate and Energy and is integrated with the Climate and Energy Economics Project at the Brookings Institution in Washington. This Centre also hosts the G-Cubed model – an international macroeconomic model developed specifically for analysing climate policy scenarios. The model has been widely applied including in the 2008 Treasury Review of Australia’s climate mitigation options and is used by governments and international agencies around the world.

Associate Professor Frank Jotzo, Director of CCEP, leads a collaborative research program with top Chinese universities on China’s climate change policies and energy sector reform, funded partially by an Australian government grant. The program on market mechanisms for climate change policy brings together researchers from leading Chinese institutions and Australian universities, including Tsinghua, Fudan and Wuhan Universities, the Beijing Institute of Technology, the Australian National University, the University of New South Wales and the University of Melbourne.

Topics of joint research include options for pricing carbon in China’s power sector and their economic effects; the impacts of a carbon price on electricity sector investments; energy demand and energy mix at the provincial level; the design and performance of China’s pilot emissions trading schemes; and prospects for national emissions pricing in China. The research combines state of the art expertise in China with methodological and policy experience in Australia.

Energy and economic development

Research is also conducted on the role of energy in economic growth and development both in developing countries, including China and India, today and over the last few centuries of economic growth in the industrialised world. Research is also focussed on energy demand and the relationship between natural resource prices and sovereign bond ratings.

Energy politics

Research at the Crawford School also examines the political context of domestic and international energy issues. Current interests here include: the politics of energy security in Asia, particularly China and India; comparative business-government relations in the biofuels industry, with a particular focus on the EU, US and Brazil; and the democratic challenges of energy reforms including questions of effective citizen engagement for public legitimacy.

Publications

A sample of publications from this research group is listed below.   For a full list, please go to the researcher profile which is linked to each group member's page. 

Burke, Paul J., Shahiduzzaman, Md, and Stern, David I. 2015. “Carbon dioxide emissions in the short run: The rate and sources of economic growth matter.” Global Environmental Change 33: 109–121.

Burke, Paul J. and Nishitateno, Shuhei. 2015. “Gasoline prices and road fatalities: International evidence.” Economic Inquiry53(3): 1437–1450.

Burke, Paul J. and Dundas, Guy. 2015. “Female labor force participation and household dependence on biomass energy: Evidence from national longitudinal data.” World Development 67: 424–437.

Gao, Yi-Xuan, Liao, Hua, Burke, Paul J., and Wei, Yi-Ming. 2015. “Road transport energy consumption in the G7 and BRICS: 1973–2010.” International Journal of Global Energy Issues 38(4-5-6): 342–356.

 

Cai, Y and W McKibbin (2015) “Uncertainty and International Climate Change Negotiations” Italian Economic Journal, vol 1, no 1, March, Springer

McKibbin W. J., Morris, A.,Wilcoxen P. J., and Y. Cai (2015) “Carbon taxes and US Fiscal Reform.” The National Tax Journal , Vol 68, no 1 March , National Tax Association, Washington DC pp139-156.

McKibbin W. (2015) “Report 1: 2015 Economic Modelling of International Action Under a new Global Climate Change Agreement” Report to Department of Foreign Affairs and Trade, 20 August 2015.

McKibbin W. (2015) “Report 2: Economic Modelling of Australian Action Under a new Climate Agreement” Report to Department of Foreign Affairs and Trade, 20 August 2015.

Llewelyn Hughes, Globalizing Oil: Firms and Oil Market Governance in France, Japan, and the United States (Cambridge, UK: Cambridge University Press - Business and Public Policy Series, 2014), pp. 265.

Llewelyn Hughes and Johannes Urpelainen, “Interests, Institutions, and Climate Policy: Explaining the Choice of Policy Instruments for the Energy Sector,” Environmental Science & Policy. Forthcoming.

Llewelyn Hughes and Austin Long, “Is There An Oil Weapon? Security Implications of Changes in the Structure of the International Oil Market,” International Security, Vol. 39, No. 3 (2014/15), pp. 152-189.

Llewelyn Hughes, "Black Gold: What Does Oil Abundance Mean for the United States and its Foreign Policy?Advance (Summer 2014), pp. 33-35.

Llewelyn Hughes, “The Limits of Energy Independence: Assessing the Implications of Oil Abundance for US Foreign Policy,” Energy Policy and the Social Sciences Vol. 1, No. 3 (2014), pp. 55-64.

Updated:  28 February 2017/Responsible Officer:  Director, Energy Change Institute/Page Contact:  Webmaster