The economy-wide rebound effect from improved energy efficiency in Swedish industries–A general equilibrium analysis

Thomas Broberg, Charlotte Berg and Eva Samakovlis

Energy Policy, 2015, vol. 83, issue C, 26-37

Abstract: The objective of this paper is to analyse the rebound effect from increased efficiency in industrial energy use in Sweden. Energy efficiency improvements can have significant micro- and macroeconomic effects that hamper the positive effect on real energy savings. To assess the size of the overall rebound effect in the Swedish economy, we apply a computable general equilibrium model. The results show that the economy-wide rebound effect depends on a number of factors, e.g. the extent of the energy efficiency improvement, how the labour market is modelled as well as whether the increase in energy efficiency is combined with a cost or not. We find that the rebound effect following a five per cent increase in energy efficiency in the Swedish industry lies in the 40–70 per cent range. When energy efficiency is only improved in energy-intensive production, the rebound effect becomes even higher. These findings are in line with the results in the literature.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:83:y:2015:i:c:p:26-37

DOI: 10.1016/j.enpol.2015.03.026

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