Energy mix persistence and the effect of carbon pricing

Rohan Best and Paul Burke

Australian Journal of Agricultural and Resource Economics, 2020, vol. 64, issue 3

Abstract: Energy mix persistence is a defining characteristic of energy systems, for reasons including the long-lived nature of energy infrastructure and the role of local endowments. This persistence is evident in current energy-type use being strongly influenced by past use. Our analysis uses data for eight energy types and a large sample of countries, finding varying degrees of energy mix persistence. We also find evidence that carbon pricing appears to have played a key role in tilting energy mixes from coal towards renewable energy. Our estimates provide empirical support to policymakers seeking to implement carbon pricing to transition their energy systems in a lower carbon direction.

Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2020
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Journal Article: Energy mix persistence and the effect of carbon pricing (2020)
Working Paper: Energy mix persistence and the effect of carbon pricing (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:338501

DOI: 10.22004/ag.econ.338501

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