Supply constraints on rebound effects of increased energy efficiency : negative multiplier and disinvestment effects
Turner, Karen and Anson, Sam and De Fence, Janine and Swales, Kim (2010) Supply constraints on rebound effects of increased energy efficiency : negative multiplier and disinvestment effects. Fraser of Allander Economic Commentary, 33 (3). pp. 55-60. ISSN 2046-5378
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Abstract
Policies that aim to use increased energy efficiency to reduce energy use may not achieve the desired results due to the likelihood of rebound effects. Research from our current ESRC-funded project on this topic was presented in an article in the last issue of Fraser Economic Commentary titled, ‘Energy Efficiency and the rebound effect’ (Turner, 2009a). As explained there, the rebound effect occurs when an energy efficiency improvement causes a decrease in the effective or implicit price of energy as an input to production (or consumption) – i.e. the cost of energy required per unit of activity falls as efficiency improves.1 Moreover, if there is local production/distribution of energy (or energy services) the reduction in demand for energy as efficiency improves will put downward pressure on the actual (local) energy price.
ORCID iDs
Turner, Karen, Anson, Sam, De Fence, Janine ORCID: https://orcid.org/0000-0002-5572-3666 and Swales, Kim;-
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Item type: Article ID code: 46768 Dates: DateEventFebruary 2010PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander Institute
Faculty of Engineering > Design, Manufacture and Engineering ManagementDepositing user: Pure Administrator Date deposited: 19 Feb 2014 11:55 Last modified: 26 Nov 2024 01:07 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/46768