The added value from a general equilibrium analysis of increased efficiency in household energy use

Research output: Contribution to journalArticle

31 Citations (Scopus)
118 Downloads (Pure)

Abstract

This paper investigates the economic impact of a 5% improvement in the UK household energy efficiency, focussing specifically on total energy rebound effects. The impact is measured through simulations using models that have increasing degrees of endogeneity but are calibrated on a common data set, moving from a basic partial equilibrium approach to a fully specified general equilibrium treatment. The size of the rebound effect is shown to depend on changes in household income, aggregate economic activity and relative prices that can only be captured through a general equilibrium model.
Original languageEnglish
Pages (from-to)51-62
Number of pages12
JournalEcological Economics
Volume100
Early online date18 Feb 2014
DOIs
Publication statusPublished - 1 Apr 2014

Keywords

  • energy efficiency
  • indirect rebound effects
  • household energy consumption
  • CGE models

Fingerprint Dive into the research topics of 'The added value from a general equilibrium analysis of increased efficiency in household energy use'. Together they form a unique fingerprint.

  • Profiles

    Projects

    Cite this