Can Declining Energy Intensity Mitigate Climate Change? Decomposition and Meta-Regression Results
AbstractDrawing on the Kaya identity, we assess the role of the main driver of the decline in carbon intensity, namely the (economic) energy intensity. Using meta-signi?ficance testing for a sample of 44 studies, dealing with the causality between energy and GDP, we ?find that both variables are strongly coupled. Hence, after having exhausted energy savings from nonrecurring structural changes, the economic energy intensity may soon converge than being arbitrarily reducible. We suggest, therefore, not to rely on further reductions of economic energy intensity but rather to invest in the reduction of the carbon intensity of energy to mitigate climate change.
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2012-11.
Length: 11 pages
Date of creation: 31 May 2012
Date of revision:
Find related papers by JEL classification:
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-06-13 (All new papers)
- NEP-ENE-2012-06-13 (Energy Economics)
- NEP-ENV-2012-06-13 (Environmental Economics)
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