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seems to embrace, and perhaps even leapfrog, the path recommended by PCAST. R&D funding levels apart, what deserves continued close attention is the extent to which environmental externalities and societal risks associated with energy production and use elude private-market transactions. Where they do, it would be surprising if the needed public sector initiatives seeking economically efficient correctives did not include a consequential role for renewables.

Suggested Reading

Bradley, Robert L. Jr. 1999. The Increasing Sustainability of Conventional Energy. Policy
Analysis Paper No. 341. April 22. Washington, DC: Cato Institute.

Burtraw, Dallas. 1999. Testimony by Dallas Burtraw of RFF before the Senate Energy and
Water Appropriations Subcommittee, U.S. Congress. September 14. Congressional
Record, Daily Digest.

IEA (International Energy Agency). 1999. The Evolving Renewable Energy Market. June. IEA
Renewable Energy Working Party. Sittard, the Netherlands: Novem BV.

Krupnick, A. J., and D. Burtraw. 1996. The Social Costs of Electricity: Do the Numbers Add Up? Resource and Energy Economics 18: 423–66.

McVeigh, J., D. Burtraw, J. Darmstadter, and K. Palmer. 1999. Winner, Loser, or Innocent Victim: Has Renewable Energy Performed as Expected? Research Report No. 7. March. Washington, DC: Renewable Energy Project.

Palmer, Karen. 1999. Electricity Restructuring: Shortcut or Detour on the Road to Achieving Greenhouse Gas Reductions? Climate Issues Brief No. 18. July. Washington, DC: Resources for the Future.

PCAST (President's Committee of Advisers on Science and Technology). 1997. Federal Energy Research and Development for the Challenges of the Twenty-first Century. Report of the Energy Research and Development Panel, Executive Office of the President. September, 10. Washington, DC: U.S. Government Printing Office.

U.S. DOE (Department of Energy). 1999. Supporting Analysis for the Comprehensive Electricity Competition Act. May. Washington, DC: U.S. DOE, Office of Policy. (See especially pp. 5, 22-24, 33, and 34 for details about the renewables portfolio standard.)

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Resources for the Future

Darmstadter

1998. Renewable Energy: Issues and Trends 1998. March Washington, DC: U.S. DOE, Energy Information Administration.

U.S. GAO (General Accounting Office). 1999. Renewable Energy: DOE's Funding and Markets for Wind Energy and Solar Cell Technologies. Report GAO/RCED-99-130. May. Washington, DC: U.S. GAO.

Data Sources

Electric Power Research Institute. 1999. Electricity in the Global Energy Future. EPRI Journal 24(3): 8-17.

IPCC (Intergovernmental Panel on Climate Change). 1996. Climate Change 1995: Impacts, Adaptations, and Mitigation of Climate Change: Scientific-Technical Analysis. Contribution of Working Group II to the Second Assessment Report of the

Intergovernmental Panel on Climate Change. New York: Cambridge University Press,

80.

IEA (International Energy Agency). 1994. World Energy Outlook, 1994 Edition. Paris, France: IEA.

Nakienovi, N., and others (eds.). 1998. Global Energy Perspectives. New York: Cambridge University Press for International Institute of Systems Analysis/World Energy Council. U.S. DOE (Department of Energy). 1999. Annual Energy Review 1998. July. Washington, DC: U.S. DOE, Energy Information Administration.

1999. International Energy Annual 1997. April. Washington, DC: U.S. DOE, Energy Information Administration.

1999. International Energy Outlook 1999. March. Washington, DC: U.S. DOE, Energy Information Administration.

-. 1997. Emissions of Greenhouse Gases in the United States 1996. October. Washington, DC: U.S. DOE, Energy Information Administration.

World Resources Institute/UNEP/UNDP/World Bank. 1998. World Resources 1998–99. New York, Oxford University Press.

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