Limits to the value of external costs Export

@article{citeulike:2679313, abstract = {Based on recent insights from the field of risk analysis, this paper examines some of the difficulties encountered in attempts to characterise the environmental effects of energy options as monetary [`]externalities'. More than 20 different dimensions of environmental appraisal are identified and discussed in relation to the historic literature on risk assessment and a number of recent influential environmental valuation studies. A survey is conducted of the results obtained over more than a decade for the external environmental costs of electricity supply options. Theoretical and methodological criticisms are lent support by the finding that environmental valuation results vary over a very wide range of values, yielding a variety of rank orderings for the different generating options. In addition, the values derived for energy externalities are found to be vulnerable to the possible influence of a [`]price imperative'. The paper concludes by pointing to approaches to the social appraisal of generating technologies which offer greater transparency, rigour and accessibility in addressing plural and intrinsically subjective value judgements concerning the different forms and dimensions of environmental effects.}, author = {Stirling, Andrew}, citeulike-article-id = {2679313}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/S0301-4215(97)00041-4}, citeulike-linkout-1 = {http://www.sciencedirect.com/science/article/B6V2W-3SN6MNX-H/1/d77cc2a7b4382328040a3c5e26e182bc}, doi = {10.1016/S0301-4215(97)00041-4}, journal = {Energy Policy}, keywords = {aetiology, ambiguity, analysis, appraisal, assessment, benefit, biomass, burden, coal, coherence, controllability, cost, data, distribution, effect, electricity, energy, environmental, equity, external, externality, fairness, familiarity, fidelity, fission, framing, gas, gravity, hydro, ignorance, mtr, nuclear, oil, onshore, photovoltaics, power, pv, quality, quantifiability, resolution, reversibility, risk, severity, social, spacial, technology, trust, uncertainty, valuation, voluntariness, wind}, month = {April}, number = {5}, pages = {517--540}, posted-at = {2008-04-17 02:42:46}, priority = {3}, title = {Limits to the value of external costs}, url = {http://dx.doi.org/10.1016/S0301-4215(97)00041-4}, volume = {25}, year = {1997} }

TY - JOUR ID - citeulike:2679313 L3 - citeulike-article-id:2679313 N2 - Based on recent insights from the field of risk analysis, this paper examines some of the difficulties encountered in attempts to characterise the environmental effects of energy options as monetary [`]externalities'. More than 20 different dimensions of environmental appraisal are identified and discussed in relation to the historic literature on risk assessment and a number of recent influential environmental valuation studies. A survey is conducted of the results obtained over more than a decade for the external environmental costs of electricity supply options. Theoretical and methodological criticisms are lent support by the finding that environmental valuation results vary over a very wide range of values, yielding a variety of rank orderings for the different generating options. In addition, the values derived for energy externalities are found to be vulnerable to the possible influence of a [`]price imperative'. The paper concludes by pointing to approaches to the social appraisal of generating technologies which offer greater transparency, rigour and accessibility in addressing plural and intrinsically subjective value judgements concerning the different forms and dimensions of environmental effects. IS - 5 JF - Energy Policy EP - 540 TI - Limits to the value of external costs VL - 25 SP - 517 KW - aetiology KW - ambiguity KW - analysis KW - appraisal KW - assessment KW - benefit KW - biomass KW - burden KW - coal KW - coherence KW - controllability KW - cost KW - data KW - distribution KW - effect KW - electricity KW - energy KW - environmental KW - equity KW - external KW - externality KW - fairness KW - familiarity KW - fidelity KW - fission KW - framing KW - gas KW - gravity KW - hydro KW - ignorance KW - mtr KW - nuclear KW - oil KW - onshore KW - photovoltaics KW - power KW - pv KW - quality KW - quantifiability KW - resolution KW - reversibility KW - risk KW - severity KW - social KW - spacial KW - technology KW - trust KW - uncertainty KW - valuation KW - voluntariness KW - wind AU - Stirling, Andrew PY - 1997/04// UR - http://dx.doi.org/10.1016/S0301-4215(97)00041-4 ER -