This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy.

The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples.

This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.

Professor Subhes Bhattacharyya is an internationally respected energy specialist at De Montfort University, UK, working on global energy-environment issues. He specialises in energy, regulatory, and environmental studies from a multidisciplinary perspective, taking technoeconomic, governance, and management and policy aspects into consideration. He has been involved in the energy sector in various capacities for more than 25 years, including graduate-level teaching and research and industry experience. Subhes mainly focuses on applied, interdisciplinary research on developing economies, particularly energy and environmental issues in South and South East Asia (especially India, Thailand and Vietnam). He has worked extensively on energy sector management issues such as energy sector regulation and restructuring in developing countries, and policy matters related to reconciling energy security and climate changes, and energy access. His research involves various models, including end-use, long-range energy-environment system modelling, operations research and other decision support systems as well as regulatory and investment analysis tools.