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We develop a stylized general equilibrium model to decompose the rebound effect of energy efficiency improvements into its partial and general equilibrium components. In our theoretical analysis, we identify key drivers of the general equilibrium rebound effect, including a composition channel,...
Persistent link: https://www.econbiz.de/10011859015
We develop a stylized general equilibrium model to decompose the rebound effect of energy efficiency improvements into its partial and general equilibrium components. In our theoretical analysis, we identify key drivers of the general equilibrium rebound effect, including a composition channel,...
Persistent link: https://www.econbiz.de/10011864608
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This paper analyzes the impacts of the modified needs for space heating and cooling due to global warming on the … Switzerland over the period 2010–2060. We find significant welfare gains from reduced heating needs, exceeding largely the costs … of the additional electricity needed for cooling. We also find large rebound effects. For instance, while the climate …
Persistent link: https://www.econbiz.de/10011933359
Swiss targets for climate policy require significant reductions of emissions by 2050. While such reductions can be achieved in a cost-efficient manner by employing taxes on greenhouse gas emissions, such taxes tend to lead to a regressive distribution of policy cost among households. To...
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