The External Cost of European Crude Oil Imports

Andrea Bigano, Mariaester Cassinelli, Fabio Sferra, Lisa Guarrera, Sohbet Karbuz (), Manfred Hafner, Anil Markandya and Ståle Navrud
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Mariaester Cassinelli: Fondazione Eni Enrico Mattei
Fabio Sferra: Fondazione Eni Enrico Mattei
Lisa Guarrera: Observatoire Méditerranéen de l'Energie
Manfred Hafner: Fondazione Eni Enrico Mattei and Observatoire Méditerranéen de l'Energie
Ståle Navrud: Norwegian University of Life Sciences

No 2009.13, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms of critical passages and different burdens and impacts along import routes. The resulting externalities appear reasonable both under the assumption of high future demand and under low demand. Estimates range from 2.32 Euro in 2030 in the low demand scenario to 2.60 Euro in 2010 in the high demand scenario per ton of imported oil.

Keywords: Oil Transport; Externalities Oil Spills; Risk Analysis (search for similar items in EconPapers)
JEL-codes: Q32 Q25 Q41 R40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-ene
Date: 2009-02

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Persistent link: http://EconPapers.repec.org/RePEc:fem:femwpa:2009.13

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