Date of This Version
June 2009
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.
Recommended Citation
Bigano, Andrea ; Cassinelli, Mariaester; Sferra, Fabio; Guarrera, Lisa; Karbuz, Sohbet; Hafner, Manfred; Markandya, Anil; and Navrud, Ståle, "The External Cost of European Crude Oil Imports" (June 19, 2009). Fondazione Eni Enrico Mattei Working Papers. Paper 273.
https://services.bepress.com/feem/paper273