IDEAS home Printed from https://ideas.repec.org/a/wfo/repoau/y2023i13.html
   My bibliography  Save this article

Key Indicators of Climate Change and the Energy Sector in 2023. Special Topic: the European Commission's "Fit for 55" Package

Author

Listed:
  • Claudia Kettner
  • Katharina Falkner

    (WIFO)

  • Daniela Kletzan-Slamanig

    (WIFO)

  • Angela Köppl
  • Ina Meyer
  • Asjad Naqvi

    (WIFO)

  • Anna Renhart

    (WIFO)

  • Franz Sinabell
  • Mark Sommer

    (WIFO)

  • Corina van Dyck

    (WIFO)

Abstract

The year 2021 was characterised by an economic rebound (real GDP +4,6 percent) as the COVID-19 pandemic subsided, and an accompanying 4.9 percent increase in greenhouse gas emissions. In 2022 emissions fell significantly by –6.4 percent according to initial estimates, although economic output grew by 4.9 percent. The decoupling of economic growth and emissions development was primarily due to price-related energy savings. In addition, weather-conditions also influenced greenhouse gas emissions. For example, a mild winter curbed heating demand and a dry summer reduced hydropower output. The significant increase in energy prices due to the Ukraine war drove up expenditure on fossil energy imports. The capacity of the renewable energy technologies photovoltaics and wind energy was increased by 15.9 percent. This year's special topic deals with the current status of the legislative implementation of the EU's "Fit for 55" package.

Suggested Citation

  • Claudia Kettner & Katharina Falkner & Daniela Kletzan-Slamanig & Angela Köppl & Ina Meyer & Asjad Naqvi & Anna Renhart & Franz Sinabell & Mark Sommer & Corina van Dyck, 2023. "Key Indicators of Climate Change and the Energy Sector in 2023. Special Topic: the European Commission's "Fit for 55" Package," WIFO Reports on Austria, WIFO, issue 13, September.
    • Handle: RePEc:wfo:repoau:y:2023:i:13
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/71169
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Claudia Kettner & Gerald Feichtinger, 2021. "Fit for 55? Das neue Klima- und Energiepaket der EU," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(9), pages 665-677, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wifo, 2021. "WIFO-Monatsberichte, Heft 11/2021," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(11), November.
    2. Birgit Meyer & Klaus Friesenbichler & Mario Hirz, 2021. "Dekarbonisierung als ein Treiber des Wandels der österreichischen Kfz-Zulieferindustrie," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(11), pages 829-839, November.
    3. Claudia Kettner & Simon Loretz & Margit Schratzenstaller, 2021. "Steuerreform 2022/2024 – Maßnahmenüberblick und erste Einschätzung," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(11), pages 815-827, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:repoau:y:2023:i:13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.