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Macroeconomic effects of efficiency policies for energy-intensive industries: The case of the UK Climate Change Agreements, 2000-2010

机译:能源密集型产业的效率政策的宏观经济影响:以英国《气候变化协定》为例,2000-2010年

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摘要

This paper reports a study modeling the UK Climate Change Agreements (CCAs) and related energy-efficiency policies for energy-intensive industrial sectors. Bottom-up estimates of the effects of these policies are introduced into the energy-demand equations of a top-down dynamic econometric model of the UK economy with fifty industrial sectors, MDM-E3. This allowed estimation of the effects of the reduced energy use for the outputs from the sectors, i.e. the reductions in unit costs of the energy-intensive industries, on the demand for their outputs (both in the UK and in the export markets). The model is solved as a counterfactual 2000-2005 and as a projection 2005-2010 in a series of scenarios to allow estimation of the effects of the policies on inflation and growth, as well as on overall energy demand and CO_2 emissions. The system-wide final energy reductions is estimated to be 4.2 mtoe, or 2.6%, of total final demand for energy by 2010, including a rebound effect of 19%, with negligible effects on inflation and a slight increase in economic growth through improved international competitiveness.
机译:本文报告了一项研究,该研究为英国《气候变化协议》(CCA)和相关的能源密集型工业部门的能效政策建模。对这些政策的效果的自下而上的估计被引入到具有五十个工业部门的英国经济的自上而下的动态计量经济模型的能源需求方程中,即MDM-E3。这样就可以估算出各部门的产出减少的能源使用量的影响,即能源密集型产业的单位成本的减少对其产出需求的影响(在英国和出口市场)。该模型在一系列情景中作为2000-2005年的反事实和作为2005-2010年的预测而得以解决,从而可以估算政策对通货膨胀和增长以及对总体能源需求和CO_2排放的影响。到2010年,整个系统的最终能源减少量估计为4.2 mtoe,占最终能源总需求量的2.6%,其中包括19%的反弹效应,对通货膨胀的影响可忽略不计,通过改善国际经济对经济增长的影响略有增加竞争力。

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