The macroeconomic effects of ambitious energy efficiency policy in Germany – Combining bottom-up energy modelling with a non-equilibrium macroeconomic model

Hartwig, Johannes; Kockat, Judit; Schade, Wolfgang; Braungardt, Sibylle

doi:10.1016/j.energy.2017.02.077

Cited by 34 publications

(18 citation statements)

References 20 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…For example, by using the ASTRA model, or a dynamic, integrated macroeconomic, transport and environmental impact model, Ringel [10] concludes that enhanced green energy policies in Germany trigger tangible economic benefits in terms of GDP growth and new jobs, even in the short term. Hartwig et al [11] use an input-output analysis-based model to show the positive growth effects and employment of energy efficiency policy in Germany. Henriques and Catarino [12] also use an input-output-based model, called the impact of sector technologies (ImSET) model, to conclude that green investment has the potential to increase employment and wage income.…”

Section: Introductionmentioning

confidence: 99%

Effectiveness of a Power Factor Correction Policy in Improving the Energy Efficiency of Large-Scale Electricity Users in Ghana

Lotsu¹,

Yoshida

Fukuda

et al. 2019

Energies

View full text Add to dashboard Cite

Confronting an energy crisis, the government of Ghana enacted a power factor correction policy in 1995. The policy imposes a penalty on large-scale electricity users, namely, special load tariff (SLT) customers of the Electricity Company of Ghana (ECG), whose power factor is below 90%. This paper investigates the impact of this policy on these firms’ power factor improvement by using panel data from 183 SLT customers from 1994 to 1997 and from 2012. To avoid potential endogeneity, this paper adopts a regression discontinuity design (RDD) with the power factor of the firms in the previous year as a running variable, with its cutoff set at the penalty threshold. The result shows that these large-scale electricity users who face the penalty because their power factor falls just short of the threshold are more likely to improve their power factor in the subsequent year, implying that the power factor correction policy implemented by Ghana’s government is effective.

show abstract

Section: Introductionmentioning

confidence: 99%

Effectiveness of a Power Factor Correction Policy in Improving the Energy Efficiency of Large-Scale Electricity Users in Ghana

Lotsu¹,

Yoshida

Fukuda

et al. 2019

Energies

View full text Add to dashboard Cite

show abstract

“…The effects on employment and gross value added (GVA) of the German economy were significant and positive. Following previous research on energy efficiency, Hartwing et al (2017) combined 'the bottom-up model', an expanded dynamic input-output model which questioned the long-term macroeconomic effects of German energy efficiency policies to the consumers, individual manufacturing sectors and the economy as a whole. The results of the research showed significantly positive macroeconomic effects in terms of employment and GDP regarding energy efficiency.…”

Section: Literature Reviewmentioning

confidence: 99%

Valorization of economic effects from the programme of energy renovation of public buildings in Croatia

Mikulić

Lovrinčević

Keček

2020

Building Research & Information

View full text Add to dashboard Cite

The aim of this paper is to determine the socioeconomic effects of investing in an energy-efficient renovation of public buildings in the Republic of Croatia. Valorization of economic effects is based on the gross value added and jobs that were induced by energy renovation. Analysis techniques of an open and closed input-output model were used for the quantification of multiplicative economic effects connected to the energy renovation. While the open input-output model quantifies indirect effects, the model closed by personal expenses quantifies induced effects which are the result of the income growth in the household sector induced by direct and indirect effects of investments in the renovation of public buildings. The results indicate positive economic effects of investing in the energy renovation of public building. Total effects include short-term effects, during the implementation period of the renovation project, as well as long-term effects related to the energy savings and redirecting the resources to another category of final expenses. Besides having a positive effect on the construction sector, energy renovation encourages the activity of other sectors involved in the value-added chain of the construction industry.

show abstract

“…For example, Ringel et al [8] argued that green energy policies in Germany resulted in noticeable GDP growth and new jobs. Hartwig et al [9] showed the positive effects on employment by energy efficiency policy in Germany by using an input-output analysis. Henriques and Catarino [10] also concluded, by using an input-output-based model that green investment in energy efficiency has a positive impact on employment and income.…”

Section: Of 21mentioning

confidence: 99%

The Impact of an Energy Efficiency Improvement Policy on the Economic Performance of Electricity-Intensive Firms in Ghana

Lee

Lotsu²,

Islam

et al. 2019

Energies

View full text Add to dashboard Cite

This paper investigates the economic impact of an energy efficiency improvement policy on electricity-intensive firms in Ghana. The policy imposed a penalty on these electricity-intensive firms, which are referred to as special load tariff (SLT) customers, when their power factor was below 90%. This paper applies the regression discontinuity design (RDD) to the panel data of these SLTs ranging from 1994 to 2012, excluding those years characterized by energy crisis. The results show adverse impacts of the policy on the employment and salary levels of the firms in the long run, in particular, the small- and medium–voltage firms. The results indicate that small- and medium–voltage firms are economically vulnerable to the penalty policy in the long run and recommend two policies to overcome this challenge. Firstly, the penalty for power factor improvement should not be imposed identically across firms with different voltage levels. Secondly, firms that satisfy the power factor standard should receive subsidies to improve their competitiveness in the market.

show abstract

The macroeconomic effects of ambitious energy efficiency policy in Germany – Combining bottom-up energy modelling with a non-equilibrium macroeconomic model

Cited by 34 publications

References 20 publications

Effectiveness of a Power Factor Correction Policy in Improving the Energy Efficiency of Large-Scale Electricity Users in Ghana

Effectiveness of a Power Factor Correction Policy in Improving the Energy Efficiency of Large-Scale Electricity Users in Ghana

Valorization of economic effects from the programme of energy renovation of public buildings in Croatia

The Impact of an Energy Efficiency Improvement Policy on the Economic Performance of Electricity-Intensive Firms in Ghana

Contact Info

Product

Resources

About