A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Squaring the energy efficiency circle: evaluating industry energy efficiency policy in a hybrid model setting
Improving energy efficiency within the industry will play a central role in mitigating green-house gas emissions by reducing the use of fossil fuels. Nevertheless, the ex-ante evaluation of energy-efficiency policies largely remains an unresolved challenge. Understood within a theoretical economic framework, the root of the challenge is the simultaneity and interac- tion between three primary effects: an activity, a price, and a technical effect. This paper demonstrates how the IntERACT model, a Danish hybrid model, captures each effect and their interactions endogenously. The paper finds that a specific energy efficiency policy leads to an additional reduction in industrial energy use of around 5% in the year 2030, of which a policy-induced reduction in the energy efficiency gap accounts for half. The results reflect a total rebound effect of 12.5% and an implied elasticity of energy service demand of around 15% across industrial sectors.
Squaring the energy efficiency circle: evaluating industry energy efficiency policy in a hybrid model setting
Improving energy efficiency within the industry will play a central role in mitigating green-house gas emissions by reducing the use of fossil fuels. Nevertheless, the ex-ante evaluation of energy-efficiency policies largely remains an unresolved challenge. Understood within a theoretical economic framework, the root of the challenge is the simultaneity and interac- tion between three primary effects: an activity, a price, and a technical effect. This paper demonstrates how the IntERACT model, a Danish hybrid model, captures each effect and their interactions endogenously. The paper finds that a specific energy efficiency policy leads to an additional reduction in industrial energy use of around 5% in the year 2030, of which a policy-induced reduction in the energy efficiency gap accounts for half. The results reflect a total rebound effect of 12.5% and an implied elasticity of energy service demand of around 15% across industrial sectors.
Squaring the energy efficiency circle: evaluating industry energy efficiency policy in a hybrid model setting
Andersen, Kristoffer Steen (author) / Dockweiler, Steffen (author) / Klinge Jacobsen, Henrik (author)
2019-01-01
Andersen , K S , Dockweiler , S & Klinge Jacobsen , H 2019 ' Squaring the energy efficiency circle: evaluating industry energy efficiency policy in a hybrid model setting ' .
Paper
Electronic Resource
English
DDC:
690
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