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

Quentin Grafton; Ian Cronshaw

doi:10.1016/j.enpol.2016.08.016

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

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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
Journal	Energy Policy
Volume	98
DOIs	https://doi.org/10.1016/j.enpol.2016.08.016
Publication status	Published - 2016

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

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.",

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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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DO - 10.1016/j.enpol.2016.08.016

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JO - Energy Policy

JF - Energy Policy

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

Abstract

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