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

Quentin Grafton, Ian Cronshaw

    Research output: Contribution to journalArticle

    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 languageEnglish
    Pages (from-to)180-186
    JournalEnergy Policy
    Volume98
    DOIs
    Publication statusPublished - 2016

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