Do sticky energy prices impact the time paths of rebound effects associated with energy efficiency actions?

Figus, Gioele; McGregor, Peter; Swales, John; Turner, Karen

doi:10.1016/j.eneco.2019.104657

Cited by 24 publications

(4 citation statements)

References 16 publications

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“…The increase of energy intensity is equivalent to the decrease of energy efficiency. Thus, energy price is an important determinant of how long carbon dioxide rebounds ( Figus et al., 2020 ). The above point of view manifests that the current drop in oil prices due to the impact of the pandemic will most likely lead to a more obvious decline in energy efficiency than in the 2008 financial crisis.…”

Section: Discussionmentioning

confidence: 99%

Carbon emission post-coronavirus: Continual decline or rebound?

2021

Structural Change and Economic Dynamics

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Section: Discussionmentioning

confidence: 99%

Carbon emission post-coronavirus: Continual decline or rebound?

2021

Structural Change and Economic Dynamics

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“…A more gradual introduction will affect the time path of adjustment but does not affect the long-run equilibrium. Figus and Swales [36] discuss what is meant by a costless increase in efficiency.) This involves exogenously increasing the value of the parameter γ, in equation (10), which determines the relationship between inputs of capital and labour in the production of value added.…”

Section: Simulation Strategymentioning

confidence: 99%

Examining the Interplay of Labour Productivity Policies and Industrial-Energy-Environmental Policy Goals

Ross,

McGregor,

Swales

et al. 2023

International Journal of Energy Research

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The academic and policy-oriented literature increasingly quantifies the wider effects of energy policy on the macroeconomy. However, the spillovers from economic policies to energy use are less frequently recognised, meaning that many policymakers who strive to improve productivity whilst simultaneously targeting emission reduction fail to consider these interactions. This paper addresses this issue by using simulation results generated by introducing an exogenous increase in labour productivity in a computable general equilibrium model calibrated with data from the United Kingdom. Theoretical analysis suggests that increasing labour productivity can have positive or negative effects on employment levels and energy use. However, the simulation results show that in the context of a developed open economy, improved labour efficiency will increase employment, a key policy objective, but simultaneously increase energy use. A key policy implication is that this work highlights the need for policy frameworks that explicitly acknowledge and quantify the interconnections between national economic policy strategies and energy policy objectives. Secondly, it shows that in practice, policies to reduce carbon emissions need to be strengthened alongside policies to improve productivity successfully implemented.

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“…At the national level, the recursive dynamic CGE model of energy economy and the endogenous theoretical model of rebound effect are constructed to model the rebound impact of increasing a country's overall energy efficiency [37], enhancing the energy utilization efficiency and only improving the carbon emissions of high-energyconsuming industries. It is deduced that there are short period and long period rebound effects [38]. Finally, the CES production function was employed to explore the rebound impact of carbon release and its decomposition, and the conclusion was drawn that the short-term rebound effect of the carbon dioxide emission was mainly affected by energy efficiency [39], and the long-term rebound effect of carbon emissions takes into account the impact of capital changes [40], and the rebound effect value is larger, and the trend of change is more obvious.…”

Section: Research On the Rebound Effectmentioning

confidence: 99%

Study on the Decoupling Relationship and Rebound Effect between Economic Growth and Carbon Emissions in Central China

et al. 2022

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The central area is the core region of China’s economic development. Under the current goal of carbon emission reduction, the analysis of the decoupling relationship between economic growth and carbon emissions and the carbon rebound effect will help us to formulate corresponding policies, achieve a carbon peak at an early date, and ensure high-quality economic development. Based on the energy consumption data from 2000 to 2019, the carbon emission of six provinces of the central region was calculated. The Tapio decoupling model was used to learn about the decoupling index. And then, by calculating the contribution rate of technological progress to both economic growth and carbon emission intensity, the carbon saving amount and carbon rebound amount can be calculated, and the rebound effect value of carbon emission is obtained. The results show that the economy in central China presents a trend of growth. In contrast, the carbon emission of each province shows a gradient structure with a large difference, and the economic growth and carbon emission show a weak decoupling in the past five years. We further analyzed the rebound effect of carbon emissions and found that 30% of the years in the central region have a rebound effect with values of more than one. Finally, this study puts forward policy suggestions for the early realization of carbon peaks and high-quality economic development in the central region.

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Do sticky energy prices impact the time paths of rebound effects associated with energy efficiency actions?

Cited by 24 publications

References 16 publications

Carbon emission post-coronavirus: Continual decline or rebound?

Carbon emission post-coronavirus: Continual decline or rebound?

Examining the Interplay of Labour Productivity Policies and Industrial-Energy-Environmental Policy Goals

Study on the Decoupling Relationship and Rebound Effect between Economic Growth and Carbon Emissions in Central China

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