Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/7609
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: The impact of a stimulus to energy efficiency on the economy and the environment: A regional computable general equilibrium analysis
Authors: Hanley, Nicholas
McGregor, Peter G
Swales, J Kim
Turner, Karen
Contact Email: karen.turner@stir.ac.uk
Keywords: Resource productivity
Energy efficiency
Regional computable general equilibrium
Environmental indicators
Issue Date: Feb-2006
Publisher: Elsevier
Citation: Hanley N, McGregor PG, Swales JK & 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.
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.
Type: Journal Article
URI: http://hdl.handle.net/1893/7609
DOI Link: http://dx.doi.org/10.1016/j.renene.2005.08.023
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
University of Strathclyde
University of Strathclyde
Economics

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