Energy Economics and Energy Policy

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Energy economics is a wide scientific subject area which includes topics related to supply and use of energy in societies. Due to diversity of issues and methods shared and applied with a number of academic disciplines, energy economics does not contemporary itself as a self-contained academic discipline, but it is an applied sub discipline of economics. Energy economics also draws deliberately on results of energy engineering, geology, political sciences, ecology etc. Recent focus of energy economics includes the following issues. Risk analysis and security of supply, climate change and climate policy, Demand response, Sustainability, Energy and economic growth.

Energy policy is the approach in which a given entity (often governmental) has decided to address issues of energy development including energy consumption, production and distribution. The attributes of energy policy may include legislation, international exposition, incentives to investment, and guidelines for energy conservation, taxation and other public policy techniques.