Energy economics

The main sectors considered in energy economics are transportation and building, although it is relevant to a broad scale of human activities, including households and businesses at a microeconomic level and resource management and environmental impacts at a macroeconomic level.

Energy related issues have been actively present in economic literature since the 1973 oil crisis, but have their roots much further back in the history.

[6] From an economical standpoint, a rational decision-maker with perfect information will optimally choose between the trade-off of initial investment and energy costs.

Growing concerns surrounding climate change and other environmental impacts have led to what economists would describe as irrational behaviours being exhibited by energy consumers.

A contribution to this has been government interventions, coined "green nudges’ by Thaler and Sustein (2008),[7] such as feedback on energy bills.

[8] There are numerous other research departments, companies, and professionals offering energy economics studies and consultations.

Some of the regularly active national chapters of the IAEE are; USAEE - United States; GEE - Germany; BIEE - Great Britain; AEE - France; AIEE - Italy.

The International Association for Energy Economics publishes three publications throughout the year: The IAEE conferences address critical issues of vital concern and importance to governments and industries and provide a forum where policy issues are presented, considered and discussed at both formal sessions and informal social functions.