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Abstract
The aim of the paper is to identify the added value from using general equilibrium techniques to consider the economy-wide impacts of increased efficiency in household energy use. We take as an illustrative case study the effect of a 5% improvement in household energy efficiency on the UK economy. This impact is measured through simulations that use models that have increasing degrees of endogeneity but are calibrated on a common data set. That is to say, we calculate rebound effects for models that progress from the most basic partial equilibrium approach to a fully specified general equilibrium treatment. The size of the rebound effect on total energy use depends upon: the elasticity of substitution of energy in household consumption; the energy intensity of the different elements of household consumption demand; and the impact of changes in income, economic activity and relative prices. A general equilibrium model is required to capture these final three impacts.
Original language | English |
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Place of Publication | Glasgow |
Publisher | University of Strathclyde |
Pages | 1-51 |
Number of pages | 52 |
Volume | 13 |
Publication status | Published - May 2013 |
Keywords
- energy efficiency
- indirect rebound effects
- economy-wide rebound effects
- household energy consumption
- cge models
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Dive into the research topics of 'The Added Value from a General Equilibrium Analyses of Increased Efficiency in Household Energy Use'. Together they form a unique fingerprint.Projects
- 2 Finished
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HiDEF. Supergen 3 HDPS Renewal Core and Pluses
Infield, D., Ault, G., Bell, K., Burt, G., Finney, S., Fletcher, J., Johnstone, C., Kelly, N., Kockar, I., McGregor, P. & Williams, B.
EPSRC (Engineering and Physical Sciences Research Council)
1/07/09 → 30/09/13
Project: Research