Environmental and climate economics , energy intensity , index decomposition
Abstract:
One of the most promising ways of meeting climate policy targets is improving energy efficiency,
i.e. reducing the amount of scarce and polluting resources needed to produce a given quantity of output.
This study undertakes an empirical exercise using the World Input-Output Database (WIOD),
a harmonized dataset comprising time-series of input-output tables along with environmental satellite
accounts and socioeconomic information. The paper consists of two parts. In the first part we
begin with an aggregated picture of EU27 energy intensity and its evolution between 1995 and 2009.
Then we dig deeper and introduce sectoral detail to identify the economic changes that occurred
during the same period. Finally, we disaggregate the EU27 into countries for regional analysis and
perform a sectoral disaggregation for a fine-grained picture of energy intensity in Europe. In the
second part of the study we take our findings from index decomposition analysis and subject them
to panel estimations. The objective is to control for factors that may have shaped the evolution of
energy intensity in the European Union. In particular, we investigate the impact of technological
change, structural change, trade, environmental regulation and country-specific characteristics.
Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.
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