The petroleum refining industry has changed over the past decades from one in which capacity primarily served local and regional markets to one in which trade in refined petroleum products has become more widespread. We investigate the hypothesis of increasing globalization by examining the...

Over the past several years, labeling schemes that focus on a wide range of environmental and social metrics have proliferated. Although little empirical evidence has been generated yet with respect to carbon footprint labels, much can be learned from our experience with similar product labels....

Transport sector accounts for about 8% of total energy consumption in China and this share will likely increase in the visible future. Improving energy efficiency has been considered as a major way for reducing transport energy use, whereas its effectiveness might be affected by the rebound...

A household survey in Pakistan is used to examine drivers of more efficient compact fluorescent light bulb (CFL) adoption and the impact of CFL adoption on the demand for lighting services. Higher price of a CFL to an incandescent bulb (IB) and limited knowledge about the life span of CFLs...

The rebound effect, i.e., the (partial) offset of the energy efficiency improvement potential due to a reduction in marginal usage costs and the associated increase in consumer demand, has been extensively studied for residential energy demand and automobile travel. This study presents a...

State-sponsored incentive policies frequently include subsidies or rebates for the purchase of more efficient appliances. However, more research is required into the effects of this tool in isolation. A case in point is the so-called “Renove” plan in Spain. First, the inefficiency losses...

Although the building sector is recognized as having major potential for energy conservation and carbon dioxide emission mitigation, conventional bottom–up and top–down models are limited in their ability to capture the complex economic and technological dynamics of the sector. This paper...

New energy efficient lighting technologies can significantly reduce household electricity consumption, but adoption has been slow. A unique dataset of German households is used in this paper to examine the factors associated with the replacement of old incandescent lamps (ILs) with new energy...

This study analyzes the forecasting accuracy of the implied volatility of options on futures contracts for the delivery of CO2 emission allowances (carbon options) traded on the European Climate Exchange. We demonstrate that option implied volatility is highly informative about the variance of...

This paper introduces a novel approach to estimating the impact of the major factors driving CO2 emissions: GDP, energy consumption, population, their carbon intensities, and other related indicators that may be chosen arbitrarily. The suggested approach is based on the generalization of the...