Strathprints Home | Open Access | Browse | Search | User area | Copyright | Help | Library Home | SUPrimo

The impact of a stimulus to energy efficiency on the economy and the environment: a regional computable general equilibrium analysis

Hanley, N. and McGregor, P.G. and Swales, J.K. and Turner, K. (2006) The impact of a stimulus to energy efficiency on the economy and the environment: a regional computable general equilibrium analysis. Renewable Energy, 31 (2). pp. 161-171. ISSN 0960-1481

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

Sustainable development is a key objective of UK national and regional policies. Improvements in resource productivity have been suggested as both a measure of progress towards sustainable development and as a means of achieving sustainability. Making 'more with less' intuitively seems to be good for the environment, and this is the presumption of current UK policy. However, in a system-wide context, improvements in energy efficiency lower the cost of energy in efficiency units and may even stimulate the consumption and production of energy measured in physical units, and increase pollution. Simulations of a computable general equilibrium model of Scotland suggest that an across the board stimulus to energy efficiency there would actually stimulate energy production and consumption and lead to a deterioration in environmental indicators. The implication is that policies directed at stimulating energy efficiency are not, in themselves, sufficient to secure environmental improvements: this may require the use of complementary energy policies designed to moderate incentives to increased energy consumption.

Item type: Article
ID code: 6919
Keywords: resource productivity, energy efficiency, general equilibrium, environmental indicators, renewable energy, environmental economics, Economic Theory, Environmental Sciences, Renewable Energy, Sustainability and the Environment
Subjects: Social Sciences > Economic Theory
Geography. Anthropology. Recreation > Environmental Sciences
Department: Strathclyde Business School > Economics
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 25 Sep 2008
    Last modified: 04 Sep 2014 17:03
    URI: http://strathprints.strath.ac.uk/id/eprint/6919

    Actions (login required)

    View Item