Measuring climatic impacts on energy consumption: A review of the empirical literatureMaximilian Auffhammer and Erin Mansur Energy Economics, 2014, vol. 46, issue C, 522-530 Abstract: This paper reviews the literature on the relationship between climate and the energy sector. In particular, we primarily discuss empirical papers published in peer-reviewed economics journals focusing on how climate affects energy expenditures and consumption. Climate will affect energy consumption by changing how consumers respond to short run weather shocks (the intensive margin) as well as how people will adapt in the long run (the extensive margin). Along the intensive margin, further research that uses household and firm-level panel data of energy consumption may help identify how energy consumers around the world respond to weather shocks. Research on technology adoption, e.g. air conditioners, will further our understanding of the extensive margin adjustments and their costs. We also note that most of the literature focuses on the residential sector. Similar studies are urgently needed for the industrial and commercial sectors. Keywords: Energy; Climate change; Adaptation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:46:y:2014:i:c:p:522-530 DOI: 10.1016/j.eneco.2014.04.017 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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