The effect of <italic>ESCO</italic>s on carbon dioxide emissions
Proponents of energy service companies (<italic>ESCO</italic>s) argue that these firms provide a crucial instrument for delivering improved energy efficiency in public and private sectors, thus contributing to carbon dioxide (CO<sub>2</sub>) emission reduction around the world. Do <italic>ESCO</italic>s reduce CO<sub>2</sub> emissions? To answer this question, we develop an estimating equation, which approximates the IPAT model, from a simple model of production. We estimate a dynamic panel of 129 countries over the period 1980--2007 to show that the <italic>ESCO</italic>s effectively reduce CO<sub>2</sub> emissions and that this effect increases over time. These findings also prove robust to the inclusion of a set of control variables, different dates of the first <italic>ESCO</italic> and the Kyoto Protocol. Finally, we discuss energy policy implications.
Year of publication: |
2013
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Authors: | Fang, WenShwo ; Miller, Stephen M. |
Published in: |
Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 45.2013, 34, p. 4796-4804
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Publisher: |
Taylor & Francis Journals |
Saved in:
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