Economic benefits, external costs and the regulation of unconventional gas in the United States

Ian Cronshaw; R. Quentin Grafton

doi:10.1016/j.enpol.2016.08.016

Economic benefits, external costs and the regulation of unconventional gas in the United States

Ian Cronshaw, R. Quentin Grafton^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

Abstract

We review the economic benefits and external costs of unconventional gas production (UCG) in the United States from a policy perspective. Based on an overview of state regulation in Pennsylvania, a state that has witnessed very rapid growth of gas production over the past 5 years, and global experiences we present 10 key principles that are proposed to reduce the risks and to increase the net rewards of UCG. Application of these principles has the potential to reduce the risks of UCG, especially at a local level, while maximizing the benefits of gas developments.

Original language	English
Pages (from-to)	180-186
Number of pages	7
Journal	Energy Policy
Volume	98
DOIs	https://doi.org/10.1016/j.enpol.2016.08.016
Publication status	Published - 1 Nov 2016

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10.1016/j.enpol.2016.08.016

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AB - We review the economic benefits and external costs of unconventional gas production (UCG) in the United States from a policy perspective. Based on an overview of state regulation in Pennsylvania, a state that has witnessed very rapid growth of gas production over the past 5 years, and global experiences we present 10 key principles that are proposed to reduce the risks and to increase the net rewards of UCG. Application of these principles has the potential to reduce the risks of UCG, especially at a local level, while maximizing the benefits of gas developments.

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Economic benefits, external costs and the regulation of unconventional gas in the United States

Abstract

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