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Residential and Regional Electricity Consumption in the U.S. and EU: How Much Will Higher Prices Reduce CO2 Emissions?

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  • Azevedo, Inês M. Lima
  • Morgan, M. Granger
  • Lave, Lester

Abstract

Results of our analysis suggest that, given the price-inelastic behavior in both the U.S. and EU regions, public policies aimed at fostering a transition to a more sustainable energy system in order to address the climate change challenge will require more than an increase in electricity retail price if they are to induce needed conservation efforts and the adoption of more efficient technologies by households.

Suggested Citation

  • Azevedo, Inês M. Lima & Morgan, M. Granger & Lave, Lester, 0. "Residential and Regional Electricity Consumption in the U.S. and EU: How Much Will Higher Prices Reduce CO2 Emissions?," The Electricity Journal, Elsevier, vol. 24(1), pages 21-29, January.
  • Handle: RePEc:eee:jelect:v:24:y::i:1:p:21-29
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    Cited by:

    1. Claudio Agostini & Cecilia Plottier & Eduardo Saavedra, 2009. "La Demanda Residencial por Energía Eléctrica en Chile," ILADES-Georgetown University Working Papers inv240, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
    2. Heshmati, Almas, 2012. "Survey of Models on Demand, Customer Base-Line and Demand Response and Their Relationships in the Power Market," IZA Discussion Papers 6637, Institute for the Study of Labor (IZA).
    3. Weber, Elke U. & Johnson, Eric J., 2012. "Psychology and behavioral economics lessons for the design of a green growth strategy," Policy Research Working Paper Series 6240, The World Bank.
    4. Tanachai Limpaitoon & Yihsu Chen & Shmuel Oren, 2011. "The impact of carbon cap and trade regulation on congested electricity market equilibrium," Journal of Regulatory Economics, Springer, vol. 40(3), pages 237-260, December.

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