Residental energy efficiency and European carbon policies A CGE-analysis with bottom-up information on energy efficiency technologies

Brita Bye (), Taran Fæhn () and Orvika Rosnes ()
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Orvika Rosnes: Statistics Norway, https://www.ssb.no/en/forskning/ansatte

Discussion Papers from Statistics Norway, Research Department

Abstract: While the introduction and reformation of climate policy instruments take place rapidly in Europe, the knowledge on how the instruments interact lags behind. In this paper we analyse different interpretations of the 2030 climate policy goals for residential energy efficiency and how they interact with targets for restricting CO2 emissions. We focus on Norway, whose climate and energy policies are integrated with those of the EU. As we account for investment costs of improving energy efficiency we find substantial welfare costs of energy efficiency policies, particularly when interacting with carbon pricing. Rebound effects within households are small, but economy-wide indirect rebound is significant because energy-intensive, trade-exposed (EITE) industries expand. As residential energy use consists mainly of carbon-free electricity, this expansion of EITE-industries leads to increased total CO2 emissions.

Keywords: Carbon policies; Energy efficiency policies; General Equilibrium analysis; Rebound effects (search for similar items in EconPapers)
JEL-codes: D58 Q43 Q48 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2015-08
New Economics Papers: this item is included in nep-cmp, nep-ene, nep-env and nep-reg
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Citations: View citations in EconPapers (4)

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