The Development of Austrian Greenhouse Gas Emissions since 2021

Tobias Eibinger (), Karl Steininger () and Hans Manner ()
Additional contact information
Tobias Eibinger: University of Graz, Austria
Karl Steininger: University of Graz, Austria
Hans Manner: University of Graz, Austria

No 2024-23, Graz Economics Papers from University of Graz, Department of Economics

Abstract: Greenhouse gas emissions in Austria in 2023 were 14% below 1990 levels, matching those last observed in 1970. Particularly strong decreases occurred in 2022 and 2023, with emissions falling by 5.8% and 6.4%, respectively. The buildings sector in 2023 was over 50% below its 1990 baseline. It experienced a 20% drop in 2023, with 0.7 percentage points explained by a milder winter and the remainder driven by an increased share in renewables. Two-thirds of this uptake can be traced to high energy prices since 2021. Emissions in remaining sectors declined by 4.9% in 2023, with weak economic performance contributing 0.86 percentage points and the majority attributed to a higher share of renewables, around 60% of which can be explained by rising energy prices since 2021. A hypothetical scenario, assuming average economic conditions and winter temperatures, indicates that emissions would have been lower than the ones observed in 2021 and 2022 but slightly higher in 2023.

Keywords: GHG Emissions; Mitigation; Nowcasting. (search for similar items in EconPapers)
JEL-codes: C53 Q41 Q58 (search for similar items in EconPapers)
Date: 2024-12
New Economics Papers: this item is included in nep-ene and nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
https://unipub.uni-graz.at/obvugrveroeff/download/ ... riginalFilename=true

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:grz:wpaper:2024-23

Ordering information: This working paper can be ordered from
https://repecgrz.uni-graz.at/RePEc/

Access Statistics for this paper

More papers in Graz Economics Papers from University of Graz, Department of Economics University of Graz, Universitaetsstr. 15/F4, 8010 Graz, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Stefan Borsky ().