Chapter

Energy, Equity, and Economic Development

López Ramón and Michael A. Toman

in Economic Development and Environmental Sustainability

Published in print June 2006 | ISBN: 9780199298006
Published online September 2006 | e-ISBN: 9780191603877 | DOI: http://dx.doi.org/10.1093/0199298009.003.0009

Series: Initiative for Policy Dialogue Series

 Energy, Equity, and Economic Development

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There exists the misconception that the percentage of energy used by households declines with development. However, the reverse is true: the use of modern energy by households increases both absolutely and as a percentage of energy use with development. As a result, there are several reasons to focus on energy, namely, that the increased provision of energy services has a demonstrated high marginal value in the context of broader economic growth; that energy services remain physically scarce and costly in many parts of the developing world; that production and provision of energy services give rise to thorny issues of economic sector regulation; and that there are important and challenging energy-environment links throughout the chain of production and consumption. This chapter considers the first three of these four aspects of energy and development, and concludes with a summary of lessons learned from previous energy-related development activities and implications for future activities in this area.

Keywords: energy use; energy scarcity; energy services

Chapter.  12571 words.  Illustrated.

Subjects: Economic Development and Growth

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