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Energy Economics and Policy

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Hydraulic Fracturing (Fracking)

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Has lowered natural gas prices, comes with environmental and health concerns, regulation debates center on the balance of economic benefits and ecological impacts.

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Wave and Tidal Energy

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In nascent stages with high costs, yet holds promise for reliable generation, policy focus on R&D investment, and ecological impact studies.

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Coal Power

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Has historically low costs but faces increasing environmental regulation costs, policy implications involve emissions control and transitioning to cleaner alternatives.

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Biofuels

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Competes with food production, carbon-neutral growth potential, policy implications revolve around mandates and subsidies.

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Demand-Side Management

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Aims to flatten load curves, cost-effective in reducing peak demand, policy implications include the integration of smart metering and dynamic pricing.

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Oil Markets

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Price volatility affects economies globally, geopolitical factors play a crucial role, policy measures include strategic reserves and fuel standards.

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Energy Market Liberalization

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Aims to increase competition and lower prices, can result in efficiency gains and innovation, policy must ensure regulation and consumer protection.

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Energy Storage

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Key for intermittent renewable integration, technologies like batteries have high costs, policies to stimulate R&D and grid flexibility are crucial.

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Global Energy Trade

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Involves trade in oil, gas, coal, and electricity, can be influenced by tariffs and geopolitical concerns, policies must navigate energy security and global market forces.

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Energy Subsidies

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These can distort market signals, lead to overconsumption of energy, and inhibit renewable energy adoption, phasing out requires careful policy design.

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Carbon Pricing

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Encourages emission reductions, includes instruments like carbon tax and cap-and-trade, policy design must balance economic efficiency with equity concerns.

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Feed-in Tariffs

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Encourage investment in renewable energy by offering long-term contracts, can lead to increased energy costs, policy must adapt to changing costs of technology.

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Grid Decarbonization

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A critical component in combatting climate change, involves retiring fossil fuel plants and scaling renewables, policy challenges include infrastructure overhaul and ensuring grid reliability.

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Emissions Trading Schemes

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Cap-and-trade mechanisms aim to reduce greenhouse gases cost-effectively, may require complementary policies to avoid market failure and ensure fairness.

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Hydroelectric Power

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Provides reliable base-load power, however, it can have significant environmental and social impacts, necessitating a balanced policy approach.

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Greenhouse Gas Emissions

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Economic growth has traditionally been linked to emissions, tackling climate change requires policy instruments like emission reduction targets and technological innovation.

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Renewable Energy Integration

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Presents grid management challenges due to variability, requires flexible grid solutions and backup, policy must incentivize storage and responsive demand.

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Climate Finance

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Funding directed to mitigate and adapt to climate change, policies ensure adequate investment in sustainable infrastructure and technology development.

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Nuclear Energy

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High capital costs, yet low marginal costs, waste disposal and decommissioning raise policy issues, nuclear has a significant base-load generation potential.

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Energy Efficiency

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Reduces overall energy demand, has a significant impact on climate change mitigation, policy approaches include standards, incentives, and labeling schemes.

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Renewable Portfolio Standards (RPS)

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Mandates a minimum share of renewables in energy mix, drives investment, but can lead to higher electricity prices, balancing act for policy makers.

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Clean Energy Incentives

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Tax credits, rebates, and grants encourage adoption of renewables, fiscal policies must balance the support for clean energy with government budget constraints.

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Solar Power

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High initial cost but decreasing over time, benefits from economies of scale, policy implications include investment subsidies and feed-in tariffs.

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Wind Energy

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Variable costs are low but depend on wind availability, environmental impact is minimal, policy considerations involve zoning and integration with the grid.

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Electric Vehicles (EVs)

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Lower operational costs than internal combustion vehicles, infrastructure development is key, policy discourse includes incentives and research funding.

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Energy Transition

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The shift from fossil-based systems to renewable energy, requires significant policy support, including retraining, investments, and innovation.

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Energy Water Nexus

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Energy production often requires significant water, creating competition for resources, policy must address the balance and efficiency of both energy and water use.

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Green Bonds

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A financial tool for raising capital for sustainable projects, with potential for market growth and risk, policy to define standards and ensure transparency.

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Energy Poverty

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Affects billions globally, limiting access to modern energy services, policy interventions include subsidies, microfinance, and rural electrification projects.

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Peak Oil

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The point of maximum petroleum extraction, followed by decline, influences long-term energy policy towards diversification and alternative energy sources.

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Distributed Generation

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Localizes production close to demand, can lead to grid resilience and cost savings, regulatory implications include net metering and grid access policies.

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Sustainable Development Goals

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Includes access to affordable, reliable, sustainable, and modern energy, necessitates policy focused on cross-sector collaboration and international cooperation.

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Geothermal Energy

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Location-specific and high upfront investment, provides stable base-load power, regulations may need to address land use and environmental concerns.

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Smart Grids

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Promote efficiency and stability in electricity supply, require significant investment, policies might support innovation, consumer engagement, and security.

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Offshore Wind

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Greater potential energy yield than onshore, but with higher costs and engineering challenges, policy support through maritime spatial planning and financial incentives.

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Liquefied Natural Gas (LNG)

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Reduces dependence on pipeline gas, enables global trade, but costlier and energy-intensive liquefaction process, policy implications for trade and energy security.

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