Analysis of ESCO Activities Using Country Indicators
Energy Service Companies (ESCOs) are private sector instruments that offer energy-/emission-improvement (energy saving, energy efficiency, energy conservation, emission reduction) projects in the developed and in some developing countries. Literature reveals that energy-/emission-improvements of countries may be related to their innovation- and R&D-activity levels. In this work, we use a literature data on the activities and the sectors targeted by ESCOs in 38 countries, summarized in terms of the age of ESCO market (AEM), number of ESCO companies (NE), and total value of ESCO projects (VE). Along with the Global Innovation Index (GII) data of the countries, we investigate the relationships among the ESCO Indicators (EIs: AEM, NE, VE, sectors targeted by ESCOs), and the Country Indicators (CIs: GII and per-capita GDP, energy consumption, CO2 emission). We observe noteworthy dependencies between the EIs and CIs. Using the simple trend equations we estimate the missing VEs in the original data. We also project, as a hint for the size and orientation of the upcoming Turkish ESCO market, the set of EIs and the distribution of the sectors that are likely to be targeted by ESCOs in Turkey.
|Date of creation:||29 Aug 2009|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Okay, Nesrin & Konukman, Alp Er S. & Akman, Ugur, 2009. "Analysis of Innovation and Energy Profiles in the Turkish Manufacturing Sector," MPRA Paper 16344, University Library of Munich, Germany.
- Hekkert, Marko P. & Harmsen, Robert & de Jong, Arjen, 2007. "Explaining the rapid diffusion of Dutch cogeneration by innovation system functioning," Energy Policy, Elsevier, vol. 35(9), pages 4677-4687, September.
- Sagar, A. D. & Holdren, J. P., 2002. "Assessing the global energy innovation system: some key issues," Energy Policy, Elsevier, vol. 30(6), pages 465-469, May.
- Vine, Edward L. & Murakoshi, Chiharu & Nakagami, Hidetoshi, 1998. "International ESCO business opportunities and challenges: a Japanese case study," Energy, Elsevier, vol. 23(6), pages 439-447.
- Richard G. Newell & Adam B. Jaffe & Robert N. Stavins, 1998.
"The Induced Innovation Hypothesis and Energy-Saving Technological Change,"
NBER Working Papers
6437, National Bureau of Economic Research, Inc.
- Richard G. Newell & Adam B. Jaffe & Robert N. Stavins, 1999. "The Induced Innovation Hypothesis and Energy-Saving Technological Change," The Quarterly Journal of Economics, Oxford University Press, vol. 114(3), pages 941-975.
- Stavins, Robert & Jaffe, Adam & Newell, Richard, 1998. "The Induced Innovation Hypothesis and Energy-Saving Technological Change," Discussion Papers dp-98-12-rev, Resources For the Future.
- Goldman, Charles A. & Hopper, Nicole C. & Osborn, Julie G., 2005. "Review of US ESCO industry market trends: an empirical analysis of project data," Energy Policy, Elsevier, vol. 33(3), pages 387-405, February.
- Okay, Esin & Okay, Nesrin & Konukman, Alp Er S. & Akman, Ugur, 2008. "Views on Turkey's impending ESCO market: Is it promising?," Energy Policy, Elsevier, vol. 36(6), pages 1821-1825, June.
- Popp, David C., 2001. "The effect of new technology on energy consumption," Resource and Energy Economics, Elsevier, vol. 23(3), pages 215-239, July.
- Sue Wing, Ian, 2008. "Explaining the declining energy intensity of the U.S. economy," Resource and Energy Economics, Elsevier, vol. 30(1), pages 21-49, January.
- Claudia Kemfert & Truong P. Truong, 2005.
"Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change,"
Discussion Papers of DIW Berlin
530, DIW Berlin, German Institute for Economic Research.
- Kemfert, Claudia & Truong, Truong, 2007. "Impact assessment of emissions stabilization scenarios with and without induced technological change," Energy Policy, Elsevier, vol. 35(11), pages 5337-5345, November.
- Sorrell, Steve, 2007. "The economics of energy service contracts," Energy Policy, Elsevier, vol. 35(1), pages 507-521, January.
- Beerepoot, Milou & Beerepoot, Niels, 2007. "Government regulation as an impetus for innovation: Evidence from energy performance regulation in the Dutch residential building sector," Energy Policy, Elsevier, vol. 35(10), pages 4812-4825, October.
- Thomas Sterner, 1990. "Energy Efficiency and Capital Embodied Technical Change: The Case of Mexican Cement Manufacturing," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 155-167.
- Bertoldi, Paolo & Rezessy, Silvia & Vine, Edward, 2006. "Energy service companies in European countries: Current status and a strategy to foster their development," Energy Policy, Elsevier, vol. 34(14), pages 1818-1832, September.
- Newell, Richard & Anderson, Soren, 2002.
"Information Programs for Technology Adoption: The Case of Energy-Efficiency Audits,"
dp-02-58, Resources For the Future.
- Anderson, Soren T. & Newell, Richard G., 2004. "Information programs for technology adoption: the case of energy-efficiency audits," Resource and Energy Economics, Elsevier, vol. 26(1), pages 27-50, March.
- Foxon, T. J. & Gross, R. & Chase, A. & Howes, J. & Arnall, A. & Anderson, D., 2005. "UK innovation systems for new and renewable energy technologies: drivers, barriers and systems failures," Energy Policy, Elsevier, vol. 33(16), pages 2123-2137, November.
- David Popp, 2002. "Induced Innovation and Energy Prices," American Economic Review, American Economic Association, vol. 92(1), pages 160-180, March.
- Mulder, Peter & de Groot, Henri L. F. & Hofkes, Marjan W., 2003. "Explaining slow diffusion of energy-saving technologies; a vintage model with returns to diversity and learning-by-using," Resource and Energy Economics, Elsevier, vol. 25(1), pages 105-126, February.
- Popp, David & Newell, Richard G. & Jaffe, Adam B., 2010.
"Energy, the Environment, and Technological Change,"
Handbook of the Economics of Innovation,
- Elliott, R Neal & Pye, Miriam, 1998. "Investing in industrial innovation: a response to climate change," Energy Policy, Elsevier, vol. 26(5), pages 413-423, April.
- Patlitzianas, Konstantinos D. & Psarras, John, 2007. "Formulating a modern energy companies' environment in the EU accession member states through a decision support methodology," Energy Policy, Elsevier, vol. 35(4), pages 2231-2238, April.
- Ernst Berndt & Charles Kolstad & Jong-Kun Lee, 1993. "Measuring the Energy Efficiency and Productivity Impacts of Embodied Technical Change," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 33-56.
- Vine, Edward, 2005. "An international survey of the energy service company (ESCO) industry," Energy Policy, Elsevier, vol. 33(5), pages 691-704, March.
- Efremov, Dmitry & Smirnyagin, Danil & Valerianova, Olga & Hernesniemi, Hannu, 2004. "ESCO Companies in Northwest Russia, Legal Issues and Organizational Schemes," Discussion Papers 912, The Research Institute of the Finnish Economy.
- Bannai, Masaaki & Tomita, Yasushi & Ishida, Yasushi & Miyazaki, Takahiko & Akisawa, Atsushi & Kashiwagi, Takao, 2007. "Risk hedging against the fuel price fluctuation in energy service business," Energy, Elsevier, vol. 32(11), pages 2051-2060.
- Vine, E & Nakagami, H & Murakoshi, C, 1999. "The evolution of the US energy service company (ESCO) industry: from ESCO to Super ESCO," Energy, Elsevier, vol. 24(6), pages 479-492.
- Dean C. Mountain & Bill P. Stipdonk & Cathy J. Warren, 1989. "Technological Innovation and a Changing Energy Mix - A Parametric and Flexible Approach to Modeling Ontario Manufacturing," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 139-158.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:17012. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.